International Research journal of Management Sociology & Humanities
( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH
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A POTENT TOOL FOR ENTREPRENEURSHIP-OPC
1 Author(s): DR. RAJIV CHOPRA
Vol - 3, Issue- 2 , Page(s) : 1 - 1 (2012 ) DOI : https://doi.org/10.32804/IRJMSH
The revolutionary new concept of ''One Person Company'' (OPC) has been introduced by the Companies Act, 2013. This concept of OPC was first recommended by the expert committee of Dr. JJ Irani in 2005. OPC provides a whole new bracket of opportunities for those who look forward to start their own ventures with a structure of organized business. OPC will give the young businessman all benefits of a private limited company which categorically means they will have access to credits, bank loans, limited liability, legal protection for business, access to market etc all in the name of a separate legal entity.