Description
CCH India One Person Company Under Companies Act 2013 by Legal Imperials
One Person Company (OPC) is a new concept introduced for the first time in India under Companies Act, 2013. With the introduction of this concept, it is now feasible to start a company having only one person as a member. It is a considerable shift from existing concept where at least two persons were required to incorporate a company. OPC is best suited for start-up ventures, propriety businesses etc. since it offers a business platform which allows absolute control over all business affairs with limited liability.The Companies Act, 2013 provides liberal regulatory framework for an OPC to encourage sole-proprietors to corporatize their business.
Key Features:-
- Comprehensive coverage of various issues related to Pre and Post incorporation
- Discussion of concepts pertaining to directors, their appointment, resignation
- Thorough analysis of various topics viz. accounts and audit, management and administration
- Extensive coverage of regulatory framework provided under the Companies Act '13