Mandatory OPC Compliance Some mandatory compliances are required to file by the OPC with MCA and Income tax department as per the Companies Act, 2013 and Income Tax Act, 1961respectively.
Directors in One Person Company The revised Companies Act, 2013 has been introduced a new revolutionary concept of One Person Company which gives an individual owner advantages of a company with limited liability.
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.