Complete Guide to One Person Company Registration in India
The concept of a One Person Company (OPC) was introduced in India through the Companies Act, 2013, with the aim of promoting entrepreneurship by allowing individuals to form a company with limited liability . Unlike a sole proprietorship , which exposes the owner to unlimited liability, an OPC limits the personal liability of the shareholder. This business structure provides a convenient way for single entrepreneurs to start and manage businesses while enjoying the benefits of a corporate entity. What is a One Person Company (OPC)? A One Person Company (OPC) is a new form of business structure where only one individual can form a company with limited liability. This legal structure is designed to promote solo entrepreneurship, offering the same benefits as a private limited company but with a simplified registration process and fewer compliance requirements. Key Features of an OPC Single Shareholder : An OPC can be formed by just one person who will be the sole shareholder. Limit...