One Person Company (OPC) Registration – Key FAQs
Find questions and answers related to the registrations, tax filings,
updates, and support.
Who can start a One Person Company?
Only a natural person who is an Indian citizen and resident in India can incorporate an OPC.
Is a nominee required for an OPC?
Yes, the member must appoint a nominee who will take over the company in case of death or incapacity of the member.
Is there any minimum capital requirement for OPC?
No, there is no minimum capital requirement to start an OPC.
Can an OPC be converted into a Private Limited Company?
Yes, an OPC can be converted into a Private Limited Company by following the prescribed procedure.
What is the role of the nominee in an OPC?
The nominee takes over the company in case of death or incapacity of the sole member.
Can an OPC issue shares to the public?
No, an OPC cannot issue shares to the public.
Can an OPC open a bank account in its name?
Yes, the company must open a bank account in its own name for business transactions.
Can an OPC invest in other companies?
Yes, an OPC can invest in shares or securities of other companies, subject to legal provisions.
Can an OPC change its company name?
Yes, the company can change its name with approval from the Registrar of Companies (ROC).
Is GST registration required for an OPC?
GST registration is required if the company crosses the prescribed turnover limit or engages in taxable supplies requiring GST registration.
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