Himanshi Agarwal
Well-known member
Section 2(62) of Companies Act defines a one-person company as a company that has only one person as to its member. Furthermore, members of a company are nothing but subscribers to its memorandum of association, or its shareholders. So, an OPC is effectively a company that has only one shareholder as its member.
The minimum and maximum number of members in an OPC can be only one. As per Section 152(1) of the Act, an individual being member of OPC is deemed as First Director of the OPC until the director(s) are duly appointed by the member.
Benefits of One Person Company: –
Independent Existence: ...
Limited Liability: ...
Separate Property: ...
Transferability of Shares: ...
Tax Flexibility and Savings: ...
Complete Control of the Company with the Single Owner: ...
Legal Status and Social Recognition for Your Business:
The minimum and maximum number of members in an OPC can be only one. As per Section 152(1) of the Act, an individual being member of OPC is deemed as First Director of the OPC until the director(s) are duly appointed by the member.
Benefits of One Person Company: –
Independent Existence: ...
Limited Liability: ...
Separate Property: ...
Transferability of Shares: ...
Tax Flexibility and Savings: ...
Complete Control of the Company with the Single Owner: ...
Legal Status and Social Recognition for Your Business: