ONE PERSON COMPANY (OPC)
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.
We can assist in registering OPC in Hyderabad, India. In case you need our services, please write to info@catirumalesh.in
Can a foreign national form an OPC?
No. Only an Indian citizen and resident can form a One Person Company
Is there a restriction in setting up OPC?
Yes. An individual can start only one OPC
Who can start an OPC?
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
For the above purpose, 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 one financial year.
What is the turnover Limit and Paid-up Share capital limit of One Person Company ?
In case turnover of an OPC exceeds two crore rupees & paid up share capital is increased beyond fifty lakh rupees , it shall cease to be entitled to continue as a One Person Company.