One Person Company

To explain one-person company definition, we first need to get into the Identification it creates. A registration provides corporate status and large benefits to the members and directors. In the case of a Private company, at least two members are required which is not the same in the case of OPC. To Ignore this Difficulty and grant a single person to gain the advantages of One Person Company, this Kind of a company Design is introduced through the Companies Act, 2013. One Person Company registration is simplified with online filing and process

One Person Company Character is such that it has only one shareholder who owns 100% stake of the company. To Keep the character of Continuity, the appointment of the nominee is compulsory, who will take place of the owner in case of death or his Inefficiency. One-person company is a type of Private Limited Company.