One Person Company OPC is stand for (One Person Company) it’s similar to Private Limited.
A One Person Company (OPC) is the latest form of business launched in the year 2013. OPC is for single owner/founder who do not find any organized and safe form of business, OPC can be formed by a single member with least complaisance and maintenance.
One person company is a company created by an individual through provision in companies act,2013 to enable entrepreneurs to start a venture on their own.
Any Indian citizen residing in India who is not a minor can start an OPC.
Only one shareholder is there.
A Minor, Foreign citizen, Indian Non resident, a person incapacitate to contract are restricted from Forming a One Person Company.
No. It is not compulsory to hold an Annual General Meeting.
One person company can have one or more Directors on the board. No special mention made for number of directors. As per the provisions of the Sec 149 a One person company can have a maximum of 15 directors. It can, appoint more than 15 directors after passing to special resolution.
The basic mandatory compliance are:-
The process for Company Registration is Online in INDIA so no need to visit personally in any office.
It depends upon Turnover and Industry/Type of your Company, Please call us for more information.