Unlocking Success: Advantages and disadvantages of Opc

A One Person Company is formed in the same way as a Private Limited Company. It was created by The Companies Act 2013. This sort of business allows anyone to create a business without having to worry about other shareholders. There are numerous Advantages and disadvantages of OPC (One Person Company).
A One Person Company is a company with only one member according to The Company Act, 2013. Section 2(62) of the Companies Act specifies OPC as a company with only one member. Furthermore, a member is a shareholder or subscriber to its Memorandum of Association. Hence, OPC is a company with one stakeholder or Director.