As per the provisions of the Companies Act, 2013, every OPC registered in India with MCA shall have minimum one director which may extend to maximum 15 without special resolution.
Difference between OPC and Sole Proprietorship The below tables unveil the differences between the OPC (One Person Company) and Sole Proprietorship: Particulars One Person Company Sole Proprietorship Governing Law One Person Company prevailed by the Companies Act, 2013.
Difference between OPC and Public Company Comparative analysis of One Person Company and Public Company: Particulars One Person Company Public Company Governing Body OPC (One Person Company) is governed by the Companies Act, 2013.
Difference between OPC and Partnership Below table shows the comparison of two ideal entities for most entrepreneurs: Particulars One Person Company Partnership Governing Body One Person Company governed by the Companies Act, 2013.
The salient feature of One Person Company is that it needs only one founding member who is the sole shareholder and director of the company yet there are few regulations as The founding member should be an Indian born and should have stayed in India for more than one hundred and eighty-two days in the preceding calendar year.
Nationality: One Person Company only allows a permanent resident of India with an Indian nationality to form the company along with the nominee who does not allow any foreign investment or foreign MNC to invest their subsidiaries in one person company.