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OPC to Partnership


Conversion of OPC into Partnership and vice- versa in not possible as per the law, either go for winding up or transfer the assets and liabilities of the company.

02 May 2017 by Archi Bhatia

OPC Compliances


An OPC requires to follow certain compliance after incorporation which includes bank account, company PAN/TAN, appointment of an auditor and mandatory compliance includes meetings, filing of annual return, financial return and income tax return.

02 May 2017 by Archi Bhatia

Disadvantages of a Private Limited Company


Following are the Disadvantages of Private Limited Company.A private limited company is a type of privately owned business unit. A private limited company has a restricted number of shareholders (ranging till 50).

03 Oct 2016 by Tanya Sharma

Requirements for One Person Company Registration


Minimum requirements for the OPC are as follows:1 Director.1 Member.Minimum share of paid-up capital Rs. 1 Lakh . DIN (Director Identification Number allotment).Digital Signature Certificate (DSC).

27 Sep 2016 by Titly Chatterjee

OPC Rules


OPC haves a set of rules to oversee the activities related to eligibility, conversion, nominee, name reservation, application for incorporation of the company.

02 May 2017 by Archi Bhatia

Liability of shareholders in OPC


OPC is a composite of sole proprietorship and limited company. It provides limited liability to its shareholders to the extent of the unpaid amount of its share.

02 May 2017 by Archi Bhatia

OPC vs. Public Company


OPC (One Person Company) governed by companies act, 2013 having limited liability, managed single-handedly with the benefit of minimal compliances, easy transferability over public company.

02 May 2017 by Archi Bhatia

OPC to Public Company


OPC (One Person Company) can be converted lawfully into Public limited company by virtue of law (mandatory conversion) or voluntarily after two years from incorporation.

02 May 2017 by Archi Bhatia

Converting an OPC to Private Limited Company


A One Person Company needs to be converted to a Private Limited Company if paid up capital exceeds Rs.50 lakhs and the annual turnover exceeds 2 crores

18 May 2016 by Titly Chatterjee

Convert LLP to OPC


Limited Liability Partnership Rules 2009 contain rules for conversion of various business types into Limited Liability Partnership but doesn't contain any rules to convert LLP into One Person Company.

04 Apr 2017 by Tejaswi Kumar Singh