This article will give you insights into the identification, materiality thresholds, approvals, and disclosures of related party transactions given under the Companies Act, 2013 and Securities, and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as “Listing Regulations”).
One Person Company (OPC)
Business by a single person is possible by way of Proprietorship firm. However, it was a grossly unorganised form of business. To overcome this shortcoming, Companies Act, 2013 provided for a totally new business incorporation way that not only offers the flexibility of a company but also limits the liability that Partnerships or Sole Proprietorships lack. The concept of One Person Company is quite old in countries like the USA, Australia, China, and Singapore.
As a reputable firm of Chartered Accountants in Delhi, we have years of experience in helping our clients in OPC registration. Since the time of enquiry to arranging documents till submitting these online, we get in touch with you in the entire journey and guide you properly at every step until you can complete all.