As per Company Act 2013, just 1 director and 1 member can form a company. Unlike a private company, One Person company requires lesser compliances. OPC and the director are two separate entities that grant the company to do everything an entrepreneur can. There are benefits in an OPC like higher interest rates on late payment, less liability and more opportunities, low risks, and minimum requirements for registration. Also, with a systematic process, one can convert OPC to a private limited company.
OPC is a one-owner company and it requires legal expertise to run smoothly and efficiently. Here, TradeLicense.co.in comes in as your legal solution partner to care of the entire registration process, hassles free. Let us handle your legal matters and you can do what you do best without any worries. Get a free quote today for your One Person company registration by scheduling an appointment with a TradeLicense.co.in advisor.