15/04/2022 Financial & Legal Services
According to section 2(62) of the Companies Act, 2013, a one-person corporation is defined as one that has only one member. It was created to encourage anyone who have the ability to start their own business. OPC allows a sole proprietor to convert his business into a Limited Liability Company (LLC) and take advantage of the privileges that come with it.
OPC is a company that has only one person as its member. This structure provides limited liability protection while maintaining a clear distinction fr...
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