A one-person company (OPC) in India is one of the simplest sorts of corporate organizations to carry on. it’s been given a various allowance in compliance requirements under the Companies Act. It’s a kind of a company where the compliance necessity is lesser than a private company. OPC registration is a very easy and low price process.
OPC Registration discloses new business chances for sole proprietors and entrepreneurs who also desire to enjoy the benefits of limited liability and a separate legal entity also. OPC does away with the hassles of finding a suitable partner for starting a business as a registered entity. It needs only one person who will behave as a member, shareholder, and director. A person, who registers one-person company, is not eligible to incorporate more than one one-person company.