One Person Company

Usually considered as an improvised version of sole proprietorship, One person company is a boon for people who single handedly want to promote and grow their businesses while having the advantages of a corporate.

• Single promoter and control
• No minimum capital requirement
• Compulsory conversion to convert into Private Limited or Public Limited Company on hitting a      
   turnover of Rs. 2 crore or a paid up share capital of Rs. 50 Lakh.
• Lesser Compliance

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