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OPC
Opc Public Limited
One Person Company is a corporate version of sole proprietorship. Introduced by Companies Act, 2013, a One person Company Private Limited enables an individual to run one man show. OPC is best suited for individuals running their business as proprietor or a single founder in the initial phase. This is the only form of corporation wherein a single person can incorporate and start the business. Upon reaching a threshold of Rs 20 million, the OPC Private Limited would have to convert itself into a Private Limited Company. The compliance norms for a OPC are more relaxed when compare with other forms of corporation.
Registration in 7-10 days.
Get ready to start with PAN, TAN, PTRC, ESIC, EPF and bank account opening included.
Take your proprietorship to next level with the OPC Private Limited suit
FAQ
One person Company means a company which has only one person has a member.
A Minor, Foreign citizen, Indian Non resident, a person incapacitate to contract are restricted from Forming a One Person Company.
Where a natural person, being member in One Person Company becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of 180 days, i.e., he/she shall withdraw his membership from either of the OPCs within 180 days.
Yes, it can be converted into Private Limited Company, if the One Person Company has exceeded the threshold limit by filing necessary forms.
Yes, there is no restriction with respect to OPC becoming a member of private limited company.
A minimum of one is required while starting a One Person Company, but you can have up to 15 Directors for your OPC.
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC. The term “resident in India” means a person who has stayed in India for a period of not less than 182 days during the immediately preceding one financial year.