What is one person company?

OPC stands for the one-person company incorporated by a single person. An #opc #company does not require several directors or members. After the enforcement of Section 2(62) of the Company’s Act 2013, a #one #person #company can be formed with just 1 director and 1 member. It is a form of a company where the compliance requirements are less than that of a #private #company. To know more visit the website. https://myitronline.com/in/one-person-company/