by Audit Analyst | Aug 1, 2025 | OPC
Nature of Shareholding in an OPC An OPC has only one member who holds 100% of the company’s shares. The sole member is both the owner and shareholder of the company. The share capital is not divided among multiple shareholders as in a private limited company. Since...
by Audit Analyst | Aug 1, 2025 | OPC
Nominee Requirement at Incorporation Every OPC is legally required to appoint a nominee during incorporation. The nominee must be a natural person, an Indian citizen, and a resident in India. Consent of the nominee is obtained using Form INC-3, which is submitted to...
by Audit Analyst | Aug 1, 2025 | OPC
Eligibility Criteria The OPC must have completed two years from the date of incorporation for voluntary conversion. Mandatory conversion is required if: Paid-up share capital exceeds ₹50 lakh, or Annual turnover exceeds ₹2 crore for three consecutive financial years....
by Audit Analyst | Aug 1, 2025 | OPC
Types of Conversion Voluntary Conversion: An OPC can voluntarily convert into a private limited company after two years from the date of incorporation. Mandatory Conversion: If the paid-up share capital exceeds ₹50 lakh or the annual turnover exceeds ₹2 crore,...
by Audit Analyst | Aug 1, 2025 | OPC
Sole Membership Requirement An OPC is legally required to have only one member at any given time. This individual holds 100% of the shares and has complete control over the company. The concept of OPC is designed to allow a single entrepreneur to operate a private...
