https://www.taxtmi.com/article/detailed?id=15027 The Bombay High Court clarified that a sole director's signing of contracts for an One Person Company (OPC) does not pierce the company's separate legal personality or expose the director's personal assets to corporate liabilities; an OPC provides limited liability, mandatory corporate registration and compliance, and is taxed at corporate rates, while a sole proprietorship remains legally indistinguishable from its owner and exposes the proprietor to unlimited personal liability. en-us Mon, 01 Sep 2025 08:59:40 +0530 Mon, 01 Sep 2025 08:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15027 The Bombay High Court clarified that a sole director's signing of contracts for an One Person Company (OPC) does not pierce the company's separate legal personality or expose the director's personal assets to corporate liabilities; an OPC provides limited liability, mandatory corporate registration and compliance, and is taxed at corporate rates, while a sole proprietorship remains legally indistinguishable from its owner and exposes the proprietor to unlimited personal liability. Articles Corporate Laws / IBC / SEBI Mon, 01 Sep 2025 08:59:40 +0530 https://www.taxtmi.com/article/detailed?id=15027