One Person Company Registration Requirements

Proprietorship has some troubles like owners personal assets are at stake and if any misfortune occurs, he requirements to bear all the loss while there is nothing at all like this in OPC registration. Section 85(1) of the Act excludes 1 Particular person Company from holding Annual Common Meeting. MOA of enterprise states the scope of principal objects along with ancillary object of the firm, whereas AOA states the guidelines and norms on how the business should really carry the operations as laid down under the Act. After the organization grows and becomes profitable, you can convert it to

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