RESTRICTION OF OPC

  • One Person Company (OPC) should appoint nominee through Memorandum is mandatory
  • Natural Person, who is an Indian citizen and resident in India shall be a nominee for the Sole member of One Person Company (OPC). Such a nominee should have consent before appointment
  • One Person Company (OPC) cannot convert voluntarily into any other kind of company unless it completes two years from the date of incorporation.
  • If One Person Company (OPC) paid up share capital is increased more than fifty lac rupees (?50,00,000) or average annual turnover exceed two crore rupees (? 2,00,00,000), the OPC (One Person Company) shall ceased to be a One Person Company (OPC) and has to initiate the process for conversion in to a Private or Public Company within a period of six months.
  • A person can be member of only one OPC (One Person Company). Where a person, being member in One Person Company (OPC) becomes a member in another One Person Company (OPC) by virtue of his being a nominee in that OPC, then such person shall withdraw his membership from either of the One Person Company (OPC) within one hundred eighty (180) days.

May Known As More for OPC

Our Suggestions

What is LLP?

Limited Liability Partnership (LLP), consortium of flexibility of partnership and the advantages of limited liability of a company at low compliance cost. In simple words LLP means body of corporate with mutually agreed agreement as like in partnership.

What is Pvt Ltd?

Company means a voluntary association formed and organized to carry on a business. In India Company means a company incorporated under Companies Act, 2013 or Companies Act, 1956 or under any previous company law.

What is LTD?

Bass Biz suggest to entrepreneurs who are interested to do business and raise capital through various sources can kick start their business as Pvt Ltd.In India Company means a company Companies Act, 1956 or under any previous company law.

Enter Your OPC