CorpbizNoida096's Forum Info |
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Additional Info About CorpbizNoida096 |
Location: |
B Block, Plot No 78, Sector 60, Noida, Uttar Pradesh 201301 |
Bio: |
A One-person Company (OPC) is a firm that is entirely managed and controlled by a single person, and the management of an OPC consists of only one person who owns 100% of the company's shares. Section 2(62) of the Companies Act 2013 defines an OPC as a corporation with only one member. In India, an OPC can only be registered as a Private Limited Company; hence all of the legal provisions that apply to a Private Limited Company also apply to an OPC. Certain provisions for Annual Compliance of a single person Company must be followed each year. |
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