The concept is attractive because it eliminates the need for cumbersome practices like board meetings and closing locks. The changes introduced can benefit around 200,000 companies
subjects
Budget 2021 | Nirmala Sitharaman
Facebook Facebook Logo Log in to Facebook to connect with Samreen Ahmad Bengaluru
Last updated on February 2, 2021 at 11:38 PM IST
According to experts, the budget proposal for the establishment of a one-person company (OPC) will encourage entrepreneurship in the country.
OPC is attractive because it eliminates the requirements of traditional time-consuming and cumbersome methods like board meetings and closing locks. “The changes introduced could potentially benefit around 200,000 companies in India in easing their compliance requirements, as the threshold for the existence of an OPC used to be lower and the conversion to a limited liability company or a public company placed more restrictions on trading in the Company meant. .
Important articles on business-standard.com are only available to Premium subscribers.
Already a Premium Subscriber? LOG IN NOW
MONTHLY STAR
Business Standard Digital
Monthly digital subscription for Business Standard
Full access to the premium product
Convenient – Pay as you go
Pay with Master / Visa credit card and ICICI VISA debit card
Automatically renewed (subject to your card issuer’s permission)
Cancel anytime in the future
Note: The subscription is automatically renewed. You can cancel it at any time in the future without any questions being asked.
Requires personal information
What do you get?
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all content on any device via a browser or app.
- Exclusive content, functions, opinions and comments – selected just for you by our editors.
- Pick 5 of your favorite companies. Receive an email every day with all the news.
- Follow the industry of your choice with a daily newsletter that is specific to that industry.
- Keep track of your investments. Track the stock prices in your portfolio.
- 18 years of archive data.
NOTE :
- The product is a monthly auto-renewal product.
- Cancellation policy: You can cancel at any time without giving a reason, but 48 hours before your card is charged for the renewal. We do not offer refunds.
- To cancel, communicate from your registered e-mail ID and send the e-mail with the cancellation request to [email protected]. Include your contact number for quick action. Requests sent to a different ID will not be confirmed or processed.
SMART MONTHLY
Business Standard Digital
Business Standard Digital – 12 months
Get 12 months of Business Standard digital access
One-time seamless registration with Business Standard Digital
Convenient – Payment once a year
Pay with an instrument of your choice – credit / debit cards, net banking, payment folders accepted
Exclusive invitation to select business standard events
Note: The subscription is automatically renewed. You can cancel it at any time in the future without any questions being asked.
What you get
ON BUSINESS STANDARD DIGITAL
- Unlimited access to all content on any device via a browser or app.
- Exclusive content, functions, opinions and comments – selected just for you by our editors.
- Pick 5 of your favorite companies. Receive an email every day with all the news.
- Follow the industry of your choice with a daily newsletter that is specific to that industry.
- Keep track of your investments. Track the stock prices in your portfolio.
NOTE :
- This product is an auto-renewing monthly product.
- Cancellation policy: You can cancel at any time without giving a reason, but 48 hours before your card is charged for the renewal. We do not offer refunds.
- To cancel, communicate from your registered e-mail ID and send the e-mail with the request to [email protected]. Include your contact number for reference. Requests sent to a different ID will not be confirmed or processed.
Dear Reader,
Business Standard has always endeavored to provide updated information and commentary on developments that are of interest to you and have far-reaching political and economic implications for the country and the world. Your encouragement and constant feedback to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these troubled times resulting from Covid-19, we continue to strive to keep you updated with credible news, authoritative views, and concise comments on relevant topics.
However, we have a request.
As we struggle against the economic impact of the pandemic, we need your support even more so we can continue to bring you higher quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. A larger subscription to our online content can only help us achieve our goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.
Support of quality journalism and Subscribe to Business Standard.
Digital editor
First published: Tue, February 2, 2021. 6:04 p.m. IST
