ONE PERSON COMPANY
ONE PERSON COMPANY REGISTRATION
A One Person Company (OPC) is a combined package of a Sole Proprietorship business and a Company so it’s suitable for those entrepreneurs who want to do 100% control of the business.
ADVANTAGE OF COMPANY
An OPC is a hybrid structure, wherein it combines most of the benefits of a sole proprietorship and a company form of business. it’s suitable for those entrepreneurs who want to do 100% control over their business It has only one person as a member who will act in the capacity of a director as well as a shareholder. Thus, it does away with the hassles of finding the right kind of co-partner/s for starting a business.. The best part is, legal and financial liability is limited to the Company and not the member.
Central Advisory Board
The number of members, which does not exceeds seventeen but should not be less than eleven, as the Central Government may specify to represent the government, the Railways sector, the coal industry, the mining sector, the contractors, the workmen and any other sector with the opinion of the Central Government have to represent on the Central Board.