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The concept of One Person Company (OPC) was introduced in India under the Companies Act, 2013, to encourage entrepreneurship by providing a simplified structure for single entrepreneurs to operate their business. It offers the benefits of a private limited company with fewer compliance requirements, making it a popular choice for sole proprietors looking to expand their business while maintaining complete control.
This article provides an in-depth guide to OPC registration in India, its benefits, and the step-by-step process.
What is a One Person Company (OPC)?
A One Person Company (OPC) is a type of company that can be incorporated with a single person as the sole shareholder and director. It blends the advantages of a sole proprietorship with the limited liability feature of a company, making it ideal for individuals who want to operate a business without the complexity of partnerships or multiple shareholders.
In an OPC, the liability of the owner is limited to the extent of thei
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