As The Name Suggests, An OPC Or One Person Company Is A Format Of Business Where The Company Is Owned By A Single Person. There Is No More Than A Single Director Or More Than A Single Member. Being A Singly-Handled Company, It Is Easy To Manage It. If You Are An Entrepreneur Who Seeks Singular Success, You Can Register An OPC In India.
The Definition Of A One Person Company Is Explained In Sub Section 62 Of Section 3 Of The Companies Act, 2013, Which States: “One Person Company Means A Company Which Features Only One Member”. Unlike A Private Limited Company, This Single Company Registration With A Single Director Doesn’t Need Minimum Two Directors. However, Like A Private Limited Company, The OPC Registration In India Does Provide You With Limited Liability.
OPC Formation Can Be Done As An:
- OPC Limited With Guarantee
- OPC Limited With Share Capital
- OPC Unlimited Company