Advantages and Disadvantages of One Person Company

• April 13, 2020
• CA Chandan Agarwal's Office

One Person Company (OPC) this concept is new in India, it has been very popular abroad, including in Singapore, USA, even Europe. Currently, it is a grey area, and only time will tell how well this will work in India-

Company.—(1) Only a natural person who is an Indian citizen and resident in India—

(a) shall be eligible to incorporate a One Person Company;

(b) shall be a nominee for the sole member of a One Person Company

I. Features of One Person Company:

Read more on: https://taxguru.in/company-law/advantages-disadvantages-person-company.html