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One Person Company

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  • Semwal, abhilasha

Abstract

The concept of one Person Company’ was introduced in the Companies Act 2013. This concept was recommended first by the expert committee of Dr. JJ Irani in 2005. OPC is a hybrid of sole proprietor and company form of business: and limited liability being the precious legal invention in the legal history. The introduction of OPC in the Indian legal system is considered as the appropriate legislation to unleash the entrepreneurial talent of the emerging Indian businessmen, especially to start-up ventures. Here we try to dig into the emergence and development of OPC world over as well as in India, examines the concept of OPC which is set to organize the unorganized sector of proprietorship firms and other entities that will be convenient to regulate and manage with the emerging concept of OPC.

Suggested Citation

  • Semwal, abhilasha, 2020. "One Person Company," LawArXiv f6e5s, Center for Open Science.
    • Handle: RePEc:osf:lawarx:f6e5s
    DOI: 10.31219/osf.io/f6e5s
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