The concept of One Person Company in India was introduced through the Companies Act, 2013. One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

Every One Person Company (OPC) must nominate a nominee Director in MOA and AOA of the company - who will become the owner of the OPC in case the sole Director is disabled. In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies.

At “my easy filling”, we will make it easy to incorporate a One Person Company with end to end support.