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One person Company

One person company is a new concept in India which has been introduced by the companies act 2013. In case of a One person company, only 1 person is required who can be a shareholder as well as the Director.

One person Company
A Private Limited Company?

Registering a Company is quick, easy, and can be done online with Ledger in 3 simple steps:

STEP 1

We help you register your directors with the Ministry of Corporate Affairs (MCA).

STEP 2

We help you pick the right company name.

STEP 3

We draft and file the documents required for your company registration (MoA and AoA).

One person Company - An Overview

One person company is a new concept in India which has been introduced by the companies act 2013. In case of a One person company, only 1 person is required who can be a shareholder as well as the Director.

The biggest difference between a sole proprietor and a One Person Company would be that in case of a One Person Company, the liability in case the business fails, is limited to only the business assets. In case of a proprietorship, the liability is unlimited and personal assets can be used to attach and settle the business liabilities.

Salient Features of One Person Company

  • Limited Liability
    OPC is sole proprietorship business with limited liability features.
  • Single Owner
    The key feature of OPC is One Person Company managed by a single owner
  • Separate Legal Entity
    In the eyes of law, OPC is a separate legal entity from its owner.
  • Share Transferability
    OPC owner’s equity cannot be transferred freely to others.
  • Lesser Compliances
    Compliances of OPC are less as compared to private & public limited Companies.
  • Nomination
    One nominee would be required who will take over OPC in case owners absence.
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