One Person Company

One Person Company in India is a new concept that has been introduced with the Companies Act of 2013. One Person Company in India is incorporated by a single person. Before the enforcement of the Companies Act 2013 a single person was not able to establish a company. An OPC has features of a Company and the benefits of the sole proprietorship. Earlier if a person had to establish a business then he or she should only opt for a sole proprietorship. One Person Company (OPC) is a company incorporated by a single person. During the incorporation of One Person Company, the sole owner has to appoint a person as a nominee member. The nominee so appointed will become a member of the company in one of the following cases: The sole owner of the OPC passes away. If the sole owner becomes incapacitated to the contract. A One Person Company Registration in India can be obtained under the Companies Act 2013 with just one single member and one Director. The Director and member can also be the same person. Here an individual who may be a resident or Non-resident Indian can register an OPC in India.