One person company registration was introduced by Companies Act,2013, Earlier there is no specific registration applicable for one person company, The one person should be resident of India as well as citizen of India, He should appoint a nominee. Turnover for an OPC cross more than 2 Crores in a year, it is mandatory to convert the one person company to private limited with minimum of 2 shareholders. The major concern in OPC is the turnover, as far as compliance is concern complications are very less as compared to private limited company, One person enjoy Limited Liability after the implementation of One Person Company
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