One Person Company

One Person Company Registration can easily be obtained under the provisions of the Companies Act, 2013. One Person Company comes with various benefits like limited liability, easy to form, continuous existence, greater credibility. Obtaining OPC registration is any process as it only requires the abidance of few requirements.A One Person Company (OPC) can be incorporated with just a single person who will be the director and the owner of the company. This concept was introduced under the provisions of the Companies Act, 2013. Further, an OPC is a sort of sole proprietorship firm in the form of a company that offers ultimate authority to a single person for running a business while restricting his liabilities and duties for the business.Further, according to section 2 (62) of the Companies Act, 2013, a company with only one person as its director and the member will fall under the ambit of One Person Company or OPC.