One Person Company

Nasirqureshi21 May, 2022Legal

Section 2(62) defines One Person Company (OPC) as an organization that's founded by just one member in contrast to the quality two members company. Like every other company, One Person Company registration is additionally required because it grants certain benefits such as: Limited liability Continuous existence Greater credibility Through OPC company registration one member is going to be ready to hold the full power to regulate all the affairs of the corporation and restrict his/her liability towards contribution.