OPC

One Person Company is a company that has only one person as its member. Being just one member company, the OPC has lesser compliance requirement compared to Private Limited Company or Limited Liability Partnership. However, It is important to look in to the Important Statutory due dates for OPC Annual Filing due dates falling in […...

Meaning of OPC: As Per Section 2 (62) of the Companies Act, 2013 “One Person Company” means a company which has only one person as member. OPC is basically a Private Company. Only natural person who is Indian Citizen can incorporate OPC. Only one person is needed to incorporate OPC and such person shall be […]...

Clause (62) of section 2 of the Companies Act, 2013 – Definition of One Person Company One Person Company means a company which has only one person as a member. Under Companies Act, 1956 there was no concept of One Person Company (OPC) but Companies Act, 2013 introduced the concept of OPC and this OPC […]...

The One Person Company (commonly known as OPC) is the type of entity which is owned by a single person. It allows a sole person to own and also manage the entire business operations. The OPC as a business structure is introduced in India through Companies Act, 2013 to administer the proprietorship businesses and promote […]...

By making the amendment in sub rule (1) of Rule 3 for words, and resident in India, following words substituted whether resident in India or otherwise. By this amendment, now Non-Resident Indians (‘NRIs’) is also allowed to incorporate OPCs in India....

Recently the ministry of corporate affairs has notified a separate form for small companies and one person companies (OPC) under section 92 read with sub rule (1) rule 11 of the companies management and administration rules. This move is aimed at reducing the compliance burden on the small companies and OPC’s and rectify some practical ...

Recently, two notifications have been issued by Ministry of Corporate Affairs (MCA) on 5th March, 2021. First Notification is with regard to notify the date of applicability of amendment in Section 92 of Companies Act, 2013 (CA, 2013) which deals with Annual Return of the Company and was made by Companies (Amendment) Act, 2017  but [&hel...

(1) These rules may be called the Companies (Management and Administration) Amendment Rules, 2021. (2)  They shall come into force on the date of their publication in the Official Gazette....

Conversion of One Person Company (OPC) Into Private Limited or Public Limited Company Introduction: One Person Company (OPC) means a company, which has only one person as a member. OPC can be converted into Private / public limited Company either by voluntarily or compulsory. Compulsory Conversion: Under below mentioned scenario, it is co...

Annual Compliances: All companies are required to file annual financial statements and annual returns to ROC, no one is relaxed from the annual compliances, even a One Person Company is required to comply with it. Apart from filing of financial statements and annual return, OPC companies also need to comply with several other provisions, ...