One Person Company
One Person Company Registration - An Overview
The One Person Company have the following striking features:
A One Person Company (OPC) can be incorporated with just a single person who will be the director and the owner of the company. This concept was introduced under the provisions of the Companies Act, 2013. Further, an OPC is a sort of sole proprietorship firm in the form of a company that offers ultimate authority to a single person for running a business while restricting his liabilities and duties for the business.
Further, according to section 2 (62) of the Companies Act, 2013, a company with only one person as its director and the member will fall under the ambit of One Person Company or OPC.