The concept of One Person Company [OPC] is a new form of business, introduced by The Companies Act, 2013, thereby enabling Entrepreneur(s) carrying on the business in the Sole-Proprietor form of business to enter into a Corporate Framework.
One Person Company is a hybrid of Sole-Proprietorship and Company form of business, and has been provided with relaxed compliance requirements under the Act.

A company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company’s debts is limited.

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and borrow in its own name.

In company law, perpetual succession is the continuation of a Company or other organization’s existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member.

Any business entity that runs in the form of company always enjoys an increased trust, prestige and recognition