Business Studies, asked by pt057027, 7 hours ago

features of one person company

Answers

Answered by sakeenabanu112

Answer:

Safety Net. According to the Companies Act, in an OPC, the liability of the single shareholder is limited to the unpaid subscription money in his/her name. ...
Succession. ...
Market Value. ...
Easy Credit Facilities. ...
Easier Return Filing. ...
Disadvantages of an OPC.
Tax Rate. ...
Need for Change.

Answered by sandeepkaurbasati658

Answer:

Here are some general features of a one-person company: Private company: Section 3(1)(c) of the Companies Act says that a single person can form a company for any lawful purpose. ... Minimum one director: OPCs need to have minimum one person (the member) as director. They can have a maximum of 15 directors.

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