One Person Company (OPC) is a company incorporated by a single person. If an individual wanted to establish his business, he/she could opt only for a sole proprietorship as there had to be a minimum of two directors and two members to establish a Pvt Ltd company.

A new concept has been introduced in the Company’s Act 2013, about the One Person Company (OPC). In a Private Limited Company, a minimum of 2 Directors is required. In a Public Company, a minimum of 3 Directors is required. A single person could not incorporate a Company previously.

As per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser than that of a private company. Contact us for more info.