What is One Person Company (OPC)? |
As per Companies Act, 2013, OPC means a company which has only 1 person as a member. OPC has only 1 member as the Member cum Director and a nominee. |
What is the eligibility criterion to incorporate OPC? |
Only a natural person who is:
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Are there any restrictions on OPC? |
The following restrictions are imposed on OPCs:
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Can OPC convert to any other kind of Company? |
An OPC can convert to any other kind of Company subject to the following conditions:
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Can OPC accept FDI? |
No, FDI is not allowed for OPC. If the OPC accepts FDI then it will lose its very nature of OPC. |