ONE PERSON COMPANY
One Person Company (OPC) is a Company registered with only ONE PERSON as its shareholder. It avails all the benefits of a private limited company such as separate legal entity & protecting personal assets from business liability.
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One Person Company
Safety Net - Liability of single shareholder is limited to the unpaid subscription money. Personal property is completely safe from creditors of business.
Succession - Nominated by the shareholder, take over the reins of company in event of death or inability of said stakeholder. OPC have a continuous life.
Easier Return Filing - Mandatory to get its accounts audited and file annual returns, the same can be easily done with the signature of the director, company secretary’s signature is not mandatory.
Easy Credit Facilities - Legality & perpetual succession of this business makes popular among banks & financial institutions.