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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.

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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