One Person Company (OPC) is a combination of sole proprietorship and company form of business, as per the Section 2 (62), where one person who is the owner
of the business acts as the director as well as the share holder. In an OPC the owner is saved from the hassle of finding a co-partner to
commence the business as a registered entity and the legal financial liability is limited not to him but to the company. However, to begin an OPC,
the person needs to be an Indian resident or citizen.
To commence a one person company, an investor needs a minimum capital of Rs. 1 lakh and the words ‘One Person Company’ needs to be mentioned in brackets under the name of the company, wherever its name is printed, engraved or affixed. The owner himself will act as the director of the company and he need not conduct Annual general Meetings (AGM). According to the rule, the owner while lunching an OPC needs to nominate a person who will be incorporated as the next owner in the event of his death.
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