Call us: 9323082554
One Person Company (OPC)
A One Person Company (OPC) combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder. OPC is formed as a Private Limited Company.
Only an Indian citizen and resident can form a One Person Company. The term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding financial year.
One Person Company is forbidden from giving any invitations to the public to subscribe to the corporation’s securities.
No One Person Company could voluntarily convert into any other type of corporation within 2 years from the date of incorporation of One Person Company, except when the threshold limit of paid-up share capital is Rs. 50 lakhs is crossed or its average annual turnover during the applicable period exceeds Rs 2 crores.
We can assist in registering OPC in India. In case you need our services, please write to [email protected]