definition of one person company
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One person company (OPC) means a company formed with only one (single) person as a member, unlike the traditional manner of having at least two members.
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'One Person Company means a company which has only one member' It shall also be important to note that Section 3 classifies OPC as a Private Company for all the legal purposes with only one member. All the provisions related to the private company are applicable to an OPC, unless otherwise expressly excluded.
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