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"],"_links":{"self":[{"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/posts\/209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/comments?post=209"}],"version-history":[{"count":1,"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/posts\/209\/revisions"}],"predecessor-version":[{"id":210,"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/posts\/209\/revisions\/210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/media\/56"}],"wp:attachment":[{"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/media?parent=209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/categories?post=209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ezzus.com\/blog\/wp-json\/wp\/v2\/tags?post=209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}