One Person Company (OPC)
What is OPC registration ?
One Person Company in India is a new concept that has been introduced with the Company's Act 2013. One Person Company in India is incorporated by one person. Before the enforcement of the Businesses Act 2013, one person will not be able to establish a corporation. An OPC has features of a corporation and therefore the benefits of the only proprietorship. Earlier if an individual had to determine a business then he or she should only choose a sole proprietorship. According to Section 2 (62) of the Company's Act 2013, a corporation is often formed with just 1 director and 1 member. One Person Company registration in India may be a sort of entity where there are lesser compliances requirements than that of a personal Ltd. A One Person Company Registration in India is often obtained under the businesses Act 2013 with only one single member and one Director. The Director and member also can be an equivalent person. Here a private who could also be a resident or Non-resident Indian can register an OPC in India.