ONE PERSON COMPANY IN INDIA- ISSN:2348-8212: Volume 2 Issue 4

International Journal of Law and Legal Jurisprudence Studies :ISSN:2348-8212: Volume 2 Issue 4

ONE PERSON COMPANY IN INDIA

by

Adv. Neha Yati, LLM Student, Dr.Kailasanat College, Ratlam, M.P.

&

Adv. Krusch. P A, Head-Legal, SFL, Coimbatore, TN.

ABSTRACT

One Person Company (OPC) is a hybrid of sole proprietor and company form of business; and the 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 the start-up ventures.

The article proposed dig into the emergence and development of the OPC world over as well as in India, and examines the concept of OPC which is set to organise the unorganised sector of proprietorship firms and other entities which will be convenient to regulate and manage with the emerging concept of OPC.

The article further intends to explore what is an OPC, the salient features of OPC, the privileges of OPC, who and how can an OPC get incorporated in India.

The pros and cons of OPC and its impact in Indian entrepreneurship along with a comparative analysis with sole proprietorship and private companies being analysed.

The last portion of the article examines the OPC from a critical analysis with its shortcomings and ambiguities.

Finally the article concludes with a balanced view, and end with a positive note as OPC is expected to be a big boon for small and medium entrepreneurs in India.