What is One Person CompanyThe one person company is managed by a single person to run a company limited by shares, the Companies Act, 2013 under Sub- Section 62 of the Section 2 process a company which run by one person. The Section 3 divides one person company as a Private Company for the complete legal functions with only one member.The one person company registration should be specified during the term of the company, anywhere the name is joined, used or decorated. The one person company thought is advanced in Chennai, it is a very happy form of all business in India. Only a natural person who is an Indian citizen shall be eligible to the formation an OPC company. There is only one person to run as a director of the company and the maximum number of directors is fifteen.
Benefits of an One Person Company RegistrationThe one person company afford the great ability to the qualified who are coming out of the corporate and be separate to form a company registration in Chennai.
The one person company provides a channel for the enterprising need for the efficient persons.
To integrate the single person company for the most important case of shareholders is exactly the need for the limited liability.
The one person company are not proprietorship interests, they provide a dual system of the company registration as well as individual, The major difference between one person company and sole proprietorship is to cover the individual against any issue of liabilities.