No. OPC also gets freedom from many compliances or specifications unlike other Private Limited firms.The organisational structure of Private Restricted Company is hugely preferred by the start off ups these days contemplating the ease in raising funds by way of shares allotment at premium pricing.

Opc Company Registration In India

For Shifting registered workplace from one state to yet another, company must hold the meeting of Board Of Directorsfor thinking about the proposal and notice of board meeting must be offered to all the directors ahead of seven days of meeting.The Indian Businesses

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If the member dies, the nominee undertakes the affairs of the company and inside 15 days of time, the business has to intimate the Registrar of Businesses by filing Type INC-four with prescribed charge. Limited Liability implies that the owner or shareholder of the A single Particular person company is not personally liable to spend debts of the enterprise.If the corporation has two or a lot more directors, bi annual meetings are mandatory. Little and medium enterprises, doing enterprise as sole proprietors, may well easily enter into the corporate domain through this OPC registration. The One Person

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