One Person Company

One Person Company (OPC) in India is a new form of business entity that has been introduced with the Company’s Act 2013. OPC in India is incorporated by a sole person. Before the introduction of the Companies Act 2013 a single person was not able to establish a company. An OPC has dual features of a Company and the benefits of that of sole proprietorship. Earlier due to the non- availability of a One person company, a person had to opt for a sole proprietorship. It is a pre-eminent form of business entity especially for sole entrepreneur who wants to go beyond solo proprietorship firm and is looking forward to incorporate their OPC in India. The said person happens to be the sole shareholder and director of the OPC.

According to Section 2 (62) of the Company’s Act 2013, an OPC can be incorporated with just 1 director and 1 member. One Person Company registration in India is a type of entity that has lesser compliance in comparison to Private Limited Company.

A One Person Company Registration in India is incorporated under the Companies Act 2013 by the virtue of single member and single Director. The Director and member may be the same person. Here an individual who may be a resident or Non-resident Indian can register an OPC in India.