What is One Person Company (OPC)?
One Person Company (OPC) is the Concept introduced by the Government of India in Companies Law, 2009.
The Companies Law, 2012 has been passed by Lok Sabha on 18th December 2012. Rajya Sabha also passed this bill on 8th August 2013. Now, President's nod is only pending to become law. The bill, will be come into force on the date on which the Central Government may, by notification in the Official Gazette.
As per the Companies Law 2012, One Person Company is a Company which has only one person as a member