One Person Company (OPC) and Private Limited Company (PLC) are two different types of businesses which are both governed by the Companies Act, 2013. An OPC can be started by just one member whereas a PLC needs at least two members to commence operations.
Similarities between OPC and PLC:
Both are a separate legal entity which means both have their own identities in the eyes of the law.
Both structures are entitled to certain tax benefits.
The liability of the members of both an OPC and a PLC are limited.
Both businesses are required to register themselves with the Ministry of Corporate Affairs.
Both are governed under Companies Act, but OPC has less compliance requirements under the act.
For further information about OPC/PLC please write to email@example.com