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One Person Company

One Person Company (OPC)

As per Section 2(62) of the Companies Act 2013, an OPC can be formed with just one director and one member, who can be the same individual. This innovative form of the company combines the features of a traditional company while streamlining compliance requirements, making it an attractive option for solo entrepreneurs – whether residents or NRIs.

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Benefits Of OPC

An OPC or a One-person company is a hybrid of the benefits of a Company and the benefits of a sole proprietorship. Following are some of benefits of an OPC:

Like a Private/ Public limited company, it has separate legal entity.

The liability of shareholder / director is limited.

The director and shareholder can be same person. In case of death of the shareholder, company can be succeeded by his/her nominee.

Less compliances as compared to Private/ Public limited companies under Company law.

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