The Companies Act, 2013 introduced the concept of One Person Company. It is a form of business with dual benefit. One is the benefit of single ownership and the other is the corporate structure. One Person Company means a company with a single member or a single shareholder. OPC can be started with 1 director – which is not possible with a Private or Public company. Yet, the incorporation process of OPC is similar to the process of other company.
Read More :- OPC or Proprietorship? Which one should you choose?
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