One Person Company
{"Image DocumentName": "One Person Company", "Image ImageDescription": "One Person Company means a company which has only one person as a member (who shall be a natural person who is an Indian citizen and resident in India). Max. paid up share capital = 50 lacs; Max. Turnover = 2 crores (if exceeded, convert into private or public co.) [Rules] Advantages to OPC: All advantages as applicable to private co. The provision relating to holding of AGM/ EGM / Notice & Quorum of meetings and related provisions there in is not applicable for a OPC. 1 board meeting in each half of calendar year (min. gap b/w 2 meetings, not less than 90 days) If OPC has only one director, it is exempted from holding Board meetings. Financial statements to be signed by 1 director only; No disclosure in board report required except for explanations or comments on the qualification , reservation or adverse remarks or disclaimer made by auditor in their report.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}