Indian Citizenship: The prerequisite for Indian ownership is another aspect that is worth noting.This unique feature allows a sole entrepreneur to own and manage the entire business, fostering a streamlined decision-making process without the complexities of a multi-member board Single Ownership: OPC’s single-member ownership structure is its hallmark.This formal incorporation ensures that the company adheres to legal standards which enhances transparency and accountability in the system. Mandatory Incorporation: Unlike other business structures, the formation of an OPC is a mandatory process regulated by the Companies Act of 2013.The business can enter into contracts, possess property, and incur liabilities in its own name. This separation accounts for limited liability protection to the owner while allowing the business to operate independently. In OPC, the business is recognized as a separate legal entity from its owner.
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