One Person Company feature is such that it has only one shareholder who owns 100% stake of the company.
To understand one person company definition, we first need to get into the identity it creates. A registration provides corporate status and many benefits to the members and directors. In the case of a Private company, at least two members are required which is not the same in the case of OPC. To eliminate this drawback and allow a single person to reap the advantages of One Person Company, this sort of a company structure is introduced through the Companies Act, 2013. One Person Company registration is simplified with online filing and process.
The process of One Person Company (OPC) Registration in India is revamped by the Ministry of Corporate Affairs. A quicker & revamped process of One Person Company (OPC) incorporation is introduced through the Companies Act, 2013 as part of the ease of doing business initiative by the government. Experts at KAPG & Associates have helped hundreds of entrepreneurs with LLP registration process, in all major cities of India including Mumbai, Delhi, Bangalore, Kolkata Pune, Ahmedabad, Mathura and more. Our services have equally relevant reach within smaller cities and towns in the country.
