One Person Company Name Registration Process in India - Complete Overview
The Company Act of 2013 introduced a new phenomenon known as the One Person Company. (OPC). A private organization must have two directors and two members, whereas a publicly-traded New company registration must have three directors and seven members. Previously, a sole individual could not form a corporation. A one-person corporation (OPC) is a business founded by a single individual. Before the Companies Act of 2013, it was impossible for an individual to start a business. Because forming a corporation needed a minimum of two members and two directors, an individual could only start a business or register a company as a single proprietorship. A corporation can be established with just one director and one member, as per Section 2(62) of the Company's Act 2013. It's a sort of organization that is subject to fewer regulations than a privately owned company. The Procedure Step 1: The primary step is to get the suggested Director's Digital Signature Certificate (DSC),