The theory of the OPC is shaped under law to provide the support to every small businessman or entrepreneur who dreams of having his own business without sharing the holding or control of the company and enjoys the privileges linked with a Company.
One Person Company and its incorporation are in the early stage to grow as a full-fledged organisation structure in India. The lack of awareness degrades the benefits offered through such organisation structure. Companies Act, 2013 has introduced the said organisation structure for the first time after its gist in latest amendments of Companies Act, 1956.
Read More :- Registration as One Person Company Simplified