Post by: Sanya Warriar in One Person Company
What are the benefits of OPC? The Companies Act 2013 established India's One Person Company (OPC). It benefits one person to own and manage their company and gain the advantages of both a sole proprietorship and a corporation. The Companies…
Post by: Sanya Warriar in One Person Company
Why is OPC better than Private Limited? The primary objective of a One Person Company was to encourage entrepreneurship and MSMEs' corporatization. It gives all the benefits of a Private Limited Corporation, such as perpetual succession, being a distinct legal…
Post by: Sanya Warriar in One Person Company
What is OPC? One Person Company (OPC) in India is a concept introduced under the Companies Act 2013. It allows a single individual to incorporate a company and enjoy the benefits of both a sole proprietorship and a company. This…
Post by: Renu Suresh in Company MCA
What is the type of company in MCA? The Ministry of Corporate Affairs (MCA) in India recognizes several types of companies under the Companies Act 2013. These companies are classified based on various factors, including ownership and control, liability, membership,…
Post by: Renu Suresh in MCA
MCA Form INC-6 - One Person Company - Application for Conversion The Ministry of Corporate Affairs has introduced a simplified process for converting a company into a Person Company (OPC). This process is facilitated by filing MCA Form INC-6, which…
Post by: Renu Suresh in Business Registration
VJTI Technology Business Incubator Program Veermata Jijabai Technological Institute (VJTI) is inviting applications for its Cohort-3 of the Business Incubation Program. It is designed to help Entrepreneurs and startups working in the domains of energy, cleantech, AI/ML, IoT, electric vehicles,…
Post by: Renu Suresh in MCA
MCA Form No. MGT-7 and Form No. MGT-7A - 2021 The Ministry of Corporate Affairs (MCA) has come up with various crucial amendments by introducing the Companies (Management and Administration) Amendment Rules, 2021 vide a notification dated 5th March 2021. With this notification,…
Post by: Renu Suresh in MCA
Companies (Incorporation) 2nd Amendment Rules 2021 The Ministry of Corporate Affair (MCA) has notified the Companies (Incorporation) 2nd Amendment Rules, 2021 to further amend the Companies (Incorporation) Rules, 2014. With this notification, MCA amends the provision related to the conversion…
Post by: IndiaFilings in Compliance
AOC-4 The financial statements of a company must be filed with the Ministry of Corporate Affairs every year. The MCA form for filing financial statements is AOC-4. Hence, Form AOC-4 is submitted with the MCA for each Financial Year within…
Post by: IndiaFilings in Business Startup One Person Company
ET Wealth: 7 Reasons to Incorporate One Person Company At IndiaFilings, we help thousands of entrepreneurs start their business each year. Before the introduction of One Person Company (OPC), a minimum of two persons was required to start a business…
