A One Person Company (OPC) registration in India,  is the latest form of business structure in India which was introduced by the Companies Act, 2013 and abbreviation OPC stands for a One Person Company. This business structure was launched to give a boost to entrepreneurial ideas of the people who have a higher potential to begin their business venture as a one member army. These businesses are usually micro- businesses where the turnover is not likely to surpass Rs. 2 crores even in the best case scenarios.

According to Section 2(62) of Companies Act, a one-person company is a business entity which has only one individual as its member. Moreover, the company’s members are nothing but either the subscribers to the company’s MOA (memorandum of association) or its shareholders.

Therefore, an OPC can be defined as a company which has a single shareholder as its member.

The registration of One Person Company OPC in India, may be initiated in accordance with the guidelines of the Companies Act, 2013.  Anyone can start a company all by oneself without the complex procedures of having any partner(s). This Act has made commencing a business easier and more encouraging. The One Person Companies are an important factor in developing the overall economy of the country, because OPC gives a single person running a business eligibility for bank loans and credit points, etc.

As Per Section 2(62) of the Companies Act, 2013, One Person Company means a company which has only one person as a member.

One Person Company is bringing the Proprietorship Business into the organized version of a private limited company. Various small and medium scale businesses, that were doing their business as a Sole proprietor, have entered into the corporate sector.