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Forums Index > Legal and Regulatory Issues > What is One Person Company (OPC)?
TOPIC : What is One Person Company (OPC)?
Posted on 27 June 2014 at 08:38:00
The concept of One Person Company [OPC] is a new vehicle/form of business, introduced by The Companies Act, 2013, thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework.
It has Only One Shareholder, Nominee for the Shareholder, a minimum of One Director; the Sole Shareholder can himself be the Sole Director. The Company may have a maximum number of 15 directors.
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