More Details about One Person Company under Companies Act 2013

General Information  
Author(s)Legal Imperials
PublisherCCH India
Publish YearNovember 2013


One Person Company (OPC) is a new concept introduced for the first time in India under Companies Act, 2013. With the introduction of this concept, it is now feasible to start a company having only one person as a member.  It is a considerable shift from existing concept where at least two persons were required to incorporate a company. OPC is best suited for start-up ventures, propriety businesses etc. since it offers a business platform which allows absolute control over all business affairs with limited liability.The Companies Act, 2013 provides liberal regulatory framework for an OPC to encourage sole-proprietors to corporatize their business.

Key Features:-

  • Comprehensive coverage of various issues related to Pre and Post incorporation
  • Discussion of concepts pertaining to directors, their appointment, resignation
  • Thorough analysis of various topics viz. accounts and audit, management and administration 
  • Extensive coverage of regulatory framework provided under the Companies Act '13