OPC (ONE PERSON COMPANY)– Now With New Trend Registering Company With One Individual is Possible in the Current Scenario.
AS Per Section 2(62) of Companies Act 2013, OPC as A Company Which Has Only one person as a member.
NATURE OF OPC
OPC can only registered as a Private Company. Which means that all provisions Applicable to Private Company will be applicable to OPC .
WHO CAN INCORPORATE OPC ?
OPC Can Be Incorporated By Natural Person Who Is Born In India. However , One Person Cannot Form more Than One OPC.
MEMBERS AND DIRECTORS IN AN OPC
The minimum and maximum number of members in an OPC can be only one. an individual being member of OPC is deemed as First Director of the OPC until the director(s) are duly appointed by the member.
NOMINEE IN AN OPC
An OPC Must have one Person as a Nominee. Who Shall be Legal Heir in case of Death of the Member,
BOARD MEETINGS AND AGM
OPC is deemed to have complied with Section 173, if at least one meeting of the BoD is has been conducted in each half of a calendar year and the gap between two meeting is not less than 90 days.
Section 173 and 174 (Quorum of Meeting of BoD) will not apply to an OPC in which there is only one director on its Board. Further, an OPC is not required to hold an AGM.
ANNUAL COMPLIANCE LIST OF OPC COMPANY
|SR.NO.||SECTION||PARTICULAR OF THE COMPANY|
|1||MBP-1||184(1)||Every Director of the Company in First Meeting of the Board of Director in each Financial Year will disclose his interest in other entities|
|2||DIR-8||164(2)||Every Director of the Company in each Financial Year will file with the Company disclosure of non-disqualification.|
|3||MGT-7||92||Annual Return: OPC will file its Annual Return within 60 days of entry of ordinary resolution in Minute Book. Annual Return will be for the period 1st April to 31st March.|
|4||AOC-4||137||Financial Statement: The Company is required to file its Balance Sheet along with statement of Profit and Loss Account and Directors ‘Report in this form.|
Attachments:1.) Balance Sheet ,2.) Statement of Profit & Loss Account,3.) Directors’ Report,4.) Auditors’ Report and Notice of AGM.
|5||OTHER||–||As Per Notification Of MCA Or Specified By The Act|