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Call: 9941993399 for OPC Registration: One Person Company is a most recent child in the Incorporation Family, which was introduced by the Companies Act, 2013. This is the first time in India to enables one single member to get a company Incorporated through ROC. Previous to this a single member can only form a Proprietorship form. Now after this act, the proprietor can for an OPC where he does not need another person as a CoDirector; where usually he will get his wife or mother as the codirector by allocating 0.01% Share.

The reason behind the introduction of OPC
Before introducing OPC, only twoperson minimum can form a Company
So the promoter stared inducting his wife or mother to form a company which is just for namesake.
A proprietor who is a simple person is unable to form his own Company
As Pvt Ltd needs minimum of 2 directors, nominee directors are stared been appointed, so to avoid this fraudulent activity, the process of incorporation has been totally amended.
Hence for the above reason, the amendment is the companies act is brought for incorporating a company with one director

Mandatory Compliances for OPC
One Board of Directors meeting at least once in six months
Maintain a proper book of accounts
Statutory audit of financial statement
Filing of income tax for the company