One Person Company Registration Service
01/08/2022 Financial & Legal Services
Price: Check with seller
Description
The Company's Act of 2013 introduced a novel idea on the One Person Company (OPC). A private company must have a minimum of two directors and two members, whereas a public company must have a minimum of three directors and seven members. Until recently, only a group of people could incorporate a company.
A one-person corporation (OPC) is a business that has only one owner. Before the Companies Act of 2013 went into effect, only two people may form a corporation. If a person wished to start a business, he or she could only choose a sole proprietorship because a company could only be founded with a minimum of two directors and two members.
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