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Whether you require general Lawn Services Old Saybrook or would like to improve theon complex legal compliances. This will not only enable individual capabilities to contribute economic growth, but also generate employment opportunity. One Person Company of sole-proprietor and company form of business has been provided with concessional /relaxed requirements under the Companies Act, 2013.

With the implementation of the Companies Act, 2013, a single national person can constitute a Company, under the One Person Company (OPC) concept.

Origin of the concept in India

The concept of OPC was mooted, in the report of Dr. J.J. Irani Committee. The Irani Committee briefly referred to OPC in its report. In Chapter III titled "Classification and Registration of Companies" the committee suggested multiple classification of companies as given hereunder.

This classification which included OPCs was:

i. On the basis of size

a. Small companies

b. Other Companies

ii. On the basis