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What is One Person Company ?

submitted 3 months ago, Friday, Jul 28, 2017, 08:56:45 by RegistrationKart in Business
One Person Company concept in India was introduced through 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. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP).
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