F.A.Q.
Frequently Asked Questions on OPC Registration
With the Newly Introduced SPICe form, the total time to register an OPC (One Person Company) is reduced to 5-7 working days.
Yes, a One Person Company converts itself into a Private Limited Company as following
Voluntary conversion
When an OPC gets incorporated, it cannot convert itself to a Private or Public company for a period of not less than two years from the date of incorporation. This means if you want to get converted voluntarily you have to wait for two years to over
Compulsory Conversion
When an OPC has a paid-up capital more or equal to Rs. 50 lakhs or, the Annual turnover for the relevant financial year exceeds Rs. 2 crores, then in such conditions, the company has to compulsorily convert itself into a Private Limited Company or Public Limited Company.
An address in India where the registered office of the One Person Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
A nominee is a next of kin for an OPC. A nominee becomes the shareholder in case of death/incapacity of the original shareholder. A nominee has to be a resident Indian citizen over 18 years of age.
Yes, a salaried person can become the director in an OPC, there is no legal bondage in this but you have to check your employment agreement if it contains any restrictions on doing so.
Incorporation process is online. In case we don’t have a physical office in your city, you can email/upload us the required documents or send us through courier.