How can an LLP convert into OPC Converting an LLP (Limited Liability Partnership) to an OPC (One Person Company) is not possible as per the current legal provisions in India. There are some overview which define How can an LLP convert into OPC. An LLP is a type of partnership where there are two or… Read More »
OPC or Sole Proprietorship OPC or sole proprietorship are two different legal business structures, each with its own advantages and considerations. Here’s an overview of each: OPC (One Person Company): OPC is a legal business structure that allows a single individual to establish a company with limited liability. It provides benefits such as separate… Read More »
Formation Website Link: Formation: In India, a One Person Company (OPC) can be formed by a single individual who meets the following criteria: Resident of India: The individual formation the OPC must be a resident of India. This means that they should have stayed in India for a minimum period as prescribed by the government,… Read More »
Can an OPC have two directors No, an OPC (One Person Company) can have only one director. As per the provisions of the Companies Act, 2013 in India, an OPC can have only one director who is also the sole shareholder of the company. The concept of an OPC is designed to enable single-person entrepreneurship,… Read More »
Can an OPC have shareholders An OPC (One Person Company) can have shareholders, but there is a limitation to the number of this it can have. As the name suggests, an OPC is designed for a single person to start and manage a company. Therefore, by definition, there can be only one shareholder in an… Read More »
Debentures No, an OPC (One Person Company) not permitted to issue debentures. According to the provisions of the Companies Act, 2013 in India, an OPC restricted from issuing any kind of securities including it. The concept of an OPC is design to facilitate single-person entrepreneurship and to provide limited liability protection to the sole… Read More »
OPC have Subsidiary Company Yes, an One Person Company (OPC) have subsidiary company. The concept of a subsidiary company involves a parent company owning a majority stake or controlling interest in another company. While an OPC is formed with a single individual as its member, there is no restriction on the OPC owning or… Read More »
Registering a one-person company Registering a one-person company, To register a One Person Company (OPC) in India, the following steps must be take: Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN): The first step is to obtain a DSC and DIN for the propose Director of the OPC. Name reservation: A suitable… Read More »