{"id":209,"date":"2017-10-13T09:01:41","date_gmt":"2017-10-13T03:31:41","guid":{"rendered":"https:\/\/ezzus.com\/blog\/?p=209"},"modified":"2017-10-13T09:01:41","modified_gmt":"2017-10-13T03:31:41","slug":"quick-reference-to-one-person-company-opc","status":"publish","type":"post","link":"https:\/\/www.startupgali.com\/learn\/quick-reference-to-one-person-company-opc\/","title":{"rendered":"Quick Reference to One Person Company OPC"},"content":{"rendered":"

Quick Reference to ” One Person Company ” :-<\/p>\n

Legal Provision:-<\/p>\n

2(62), 193 of Companies Act, 2013.<\/p>\n

Rule 3 (1), Rule 4,  of Companies ( Incorporation ) Rules, 2014.<\/p>\n

Points:-<\/p>\n

1. One person Company means a Company having only 1 Person as a member.<\/p>\n

2. Its basically a Private Company with some unique features.<\/p>\n

3. The OPC must have minimum 1 director and maximum limit is 15.<\/p>\n

4. A Person should be resident of India, Natural Person and Citizen of India to incorporate a OPC.<\/p>\n

5. A Person must not be member of more than 1 OPC and Nominee of More than 1 OPC.<\/p>\n

6. OPC cannot be converted into Section 8 Company.<\/p>\n

7. OPC cannot be registered as NBFC.<\/p>\n

8. OPC can have max. \u20b9 50 lakh or Max Avg. Annual T\/O of \u20b9 2 Cr. <\/p>\n

9. Two Years should have expired from the date of Incorporation OPC in the case of Voluntary Conversion from OPC to another Company.<\/p>\n

10. OPC can be incorporated through SPICe Mode.<\/p>\n

11. Body Corporate cannot become member of an OPC.<\/p>\n

12. Section 98 & Section 100 to Section 110 of Companies Act, 2013 are not applicable to OPC.<\/p>\n

13. In case of an OPC, the Board report and Financial Statement will be signed by 1 Director only.<\/p>\n

14. The Fixed term of 5 years for appointment of Auditor is not applicable to OPC.<\/p>\n

15. Minor shall not become member or Nominee of an OPC.<\/p>\n

16. Form INC-5 is not required to filed in case of Voluntary Conversion of OPC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Reference to ” One Person Company ” :- Legal Provision:- 2(62), 193 of Companies Act, 2013. Rule 3 (1), Rule 4,  of Companies ( Incorporation ) Rules, 2014. Points:- 1. One person Company means a Company having only 1 Person as a member. 2. Its basically a Private Company with some unique features. 3. […]<\/p>\n","protected":false},"author":1,"featured_media":56,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[95,22,96],"class_list":["post-209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company","tag-one-person-company","tag-opc","tag-proprietorship-firm"],"yoast_head":"\nQuick Reference to One Person Company OPC - StartupGali<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.startupgali.com\/learn\/quick-reference-to-one-person-company-opc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quick Reference to One Person Company OPC - StartupGali\" \/>\n<meta property=\"og:description\" content=\"Quick Reference to ” One Person Company ” :- Legal Provision:- 2(62), 193 of Companies Act, 2013. 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