- Our law say that a single person can form a company for any lawful purpose. It further describes OPCs as private companies.It allows an entrepreneur to run a company as a separate legal entity.
What is a One Person Company (OPC)?
OPC mean a company in which only one person act as a member. OPC is a new thought presented in the companies act, 2013. In earlier act, there is no formation of One Person Company.
Which person is allowed to incorporate an OPC?
Natural person who is resident in india and an indian citizen is allow to incorporate an OPC. One person is eligible to form one OPC only..
Who is a resident of India for the purpose of the provisions laid down for OPC?
A person who has continued in India for a time period of atleast 182 days during the immediately preceding one calendar year would be consider as resident of India for the purpose of the provisions governing OPC..
How many people can appoint as directors by OPC?
No special mention has been made for the number of directors. More than one director can also be appointed by OPC. OPC can have a maximum of 15 directors. More than 15 are also possible after passing a special resolution.
Can OPC voluntarily convert itself into any other kind of company?
OPC voluntarily convert itself into any other kind of company only if it has been in existence for more than 2 years.
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How to register a partnership firm in india?
kodexive helps with the registration process of a partnership firm with no hassle and less documentation. Just follow the documentation procedure mentioned below.
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