One Person Company Registration

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One Person Company

One Person Company to be Incorporated under Companies Act, 2013

One Person Company means a company that has only one person as a member. The main reason for the OPC is to promote and support the developing entrepreneurs. OPC is considered as a private company.

Incorporation gives you a professional status and also Registering the Trademark of your company will help you to safeguard your identity and restrict others from using it.

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Advantages on Incorporation of One Person Company

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Limited Liability
Registration of partnership firms gives you the legal right, the firm cannot file legal proceedings against any partners or third parties if it is unregistered. Registration gives a right to sue.
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No Minimum Capital
No provisions regarding the minimum capital for registering a one person company but when it exceeds 50 lakhs in the course of buisness or if directors are interested they can convert into Private Limited Company.

Documents required for        Registration of Partnership Company

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Separate Legal Entity
OPC will be considered as a separate legal entity where the assets & liabilities of the business and directors are not same. Company will be considered to be a legal person and also holds the Right to Sue a third party incase of any dispute or default arises.
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Less Compliance Burden
In OPC, the burden of compliance is less. OPC will comply with provisions of Private Limited but comparatively it has many exemptions and privileges in it.

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