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Glossary / Also known as

Single-member company

Another name for One Person Company (OPC).

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What does single-member company mean?

Single-member company is another name for One Person Company (OPC). A company with a single member, providing corporate status and limited liability to an individual entrepreneur under the Companies Act, 2013.

The two names mean the same thing. You will see "single-member company" in some ledgers, reports and contracts and "OPC" in others. The full entry covers how it works, with examples.

Read the full definition of One Person Company (OPC)

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From the glossary

Related terms.

Company law and governance One Person Company (OPC) A company with a single member, providing corporate status and limited liability to an individual entrepreneur under the Companies Act, 2013. Also called single-member company Company law and governance Companies Act, 2013 The primary legislation governing the incorporation, management, and dissolution of companies in India. Also called Companies Act 2013, the Companies Act Company law and governance Business Registration The legal process of registering a business entity in India, obtaining required licenses and a government-recognized legal identity. Also called company registration, company incorporation Statutory compliance Annual Compliance Yearly regulatory filings and statutory obligations that companies must complete to remain in good standing. Also called annual compliances, yearly compliance Company law and governance Nidhi Company A type of non-banking financial company that borrows and lends money exclusively among its members, regulated under the Nidhi Rules. Also called mutual benefit society, section 406 company Company law and governance Annual General Meeting (AGM) An Annual General Meeting (AGM) is a mandatory yearly meeting of a company's shareholders required under Section 96 of the Companies Act, 2013 to transact ordinary business. Also called annual shareholders meeting
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