Features of One Person Company
One member only
As the name suggests, an OPC can have only one member. This means that the owner has
complete control over the company's operations and decision-making processes.
Easy to manage:
As an OPC has only one member, it is easier to manage and operate as compared to other
forms of companies. This results in faster decision-making and better control over the
business operations.
Limits the personal liability
A One person company provides limited liability protection to its owners and
shareholders. This means that if the company fails, the owners are not personally
liable for any debts or liabilities incurred. This provides a great deal of financial
security to the owners, as they are not at risk of losing their personal assets in the
event of a business failure.
Separate legal entity
A One person company limited company is a separate legal entity. This means that the
company is recognized by the law as an independent legal entity and is responsible for
its own liabilities and obligations. This provides the owners and shareholders with a
great deal of freedom as they are not personally responsible for any of the company’s
actions.
Easy and quick registration
The formation of a One person company is relatively easy compared to other forms of
business organizations. There are fewer legal formalities involved and the company can
be formed in a matter of days.
Perpetual succession
A One person company limited company has perpetual succession. This means that the
company continues to exist even if its owners or shareholders die or leave the company.
This provides a great deal of stability to the company and allows the business to
continue even in the event of changes in ownership.
Fill the form and provide documents
Sign and share the documents
Filing of registration application with ROC
