Annual Compliance For OPC
One Person Company is a revolutionary idea introduced under the Companies Act 2013. Earlier under the Companies Act, a minimum of two directors and shareholders were required to form a company. But since this act was amended, a single person can also incorporate a company. An OPC has only one member, who is called a shareholder. However, an OPC can have up to fifteen directors, and a resolution can increase the number. Every OPC has to file an annual return with the Registrar of Companies annually.
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