One Person Company (OPC) Registration
What is One Person Company Registration?
A one-person company is a company that contains accurately one member. It is a separate legal operation from its supporter and the supporter has limited liability.
The business executives who are capable of starting a business enterprise on their own can make use of a one-person company (OPC) in India.
In a one-person company, there is only one shareholder who is an Indian citizen and Indian resident i.e. staying in India for at least 182 days in the preceding year. Shareholder nominates another person as a nominee in case of death or incapability of the shareholder. One person company was introduced in the companies act No. 2013 to encourage self-employment. You cannot integrate more than One Person Company or be a nominee of more than one (OPC) one-person company. Rules of (OPC) One Person Company, the company does not permit Non-Banking Financials.