What Is A OPC?

What is a One Person Company(OPC)?
Posted 1 year ago  |    0  | 
General Legal
General Legal

1 Answer(s)

Prateek Kumar
Advocate

The concept of One Person Company is the new vehicle of doing business introduced by the Companies Act, 2013. The old companies Act, 1956, required at least two directors and shareholders to form a private limited . In OPC, there is only one person who will act in the capacity of a Director and a shareholder as well. Such type of a company is formed as a private limited.

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