Kanvi Gupta, Amity Law School, Amity University, Lucknow
ABSTRACT
One Person Company concept was evolved in the Great Britain. The concept is adopted by many countries like USA, China, Singapore, and Pakistan. It requires only one member and one director for its formation. The benefits of separate entity, limited liability and etc. are enjoyed by it. The small entrepreneurs and young enthusiasts who aim to have own structured organization can adopt One Person Company as it requires no pressure of bringing investors and undergoing long procedures. The paper aims to analyse the laws related to One Person Company in India and how it is different from Sole Proprietorship. The paper also contains the procedure of incorporation and conversion of One Person Company.
