OPC Registration India
Companies Act 2013 has introduced the concept of One Person Company (OPC) in India. One Person Company or OPC means a company which has only one person as a member.
The concept of OPC is suitable for those who are looking for starting their own ventures with an organized business structure. OPC has all benefits of a private limited company such as protecting personal assets from business liability, separate legal entity and perpetual succession. The business can access credits and bank loans in the name of business itself rather than individual name in case of a sole proprietor.
The concept of OPC is new in India but it is a very successful form of business in the UK and several European countries since a very long time now.
One Person Company should have only one person as its member and have a minimum paid-up share capital of One Lakh Rupees and maximum Fifty Lakhs and restricts the right to transfer its shares by its articles. OPC is a private company under Companies Act.