The One Person Company (OPC) is an entity that is formed with just 1 owner, who assumes the position of both the director and the shareholder of the company. Technically, there can be more than 1 director for the entity but with a restriction of not more than 1 shareholder. The One Person Company Registration in Hyderabad & Bengaluru (OPC) is registered with all the required compliances and regulatory guidelines as set forth by The Ministry of Corporate Affairs (MCA).
What Is One Person Company?
“It is noteworthy to understand and then comprehend that, the One Person Company (OPC) has been a recent edition in the company registration formalities as it becomes the most refined registration process with the yesteryears sole proprietorship which has limited powers to execute.”
In the OPC, the owner gains complete authority and can have restricted liability towards the contributions to the enterprise organization. The OPC entity needs to be converted into a Private Limited Company if the turnover crosses Rs 2 crores within the next six months.
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