Incorporation of One Person Company (OPC)

The One Person Company (OPC) is a newly incorporated type of company that was introduced in the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. There can be only one, natural person resident of India who can be the member of OPC. As the name itself suggests it is a company which is owned by one single person.  PRELIMINARY CONDITIONS (As per Rule 3 of Companies...

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