Procedure of Incorporation of a One Person Company By: onlinelawsolutions.com One Person Company: A Step By Step Overview FOR ALL/ANY DRAFT DOCUMENTS, mail us at info@onlinelawsolutions.com One Person Company is a new concept in India which has been introduced by the company’s act 2013. Section 2(62) of the Companies Act, 2013 define “one person company” as a company which has only one person as member. OPC is a sub – domain of Private Company as per Section 2(68). Rule 3 of the Companies (Incorporation) Rules 2014 say, only a natural person who is an Indian citizen and resident in India:- 1. shall be eligible to incorporate a One Person Company; 2. shall be a nomine for the sole member of a One Person Company. The concept opens up spectacular possibilities for sole proprietors and entrepreneur who can take the advantages of Limited liability and corporatization but were held back in doing so because of the requirements of finding a second
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