Private Limited Company To OPC

Ruchita Dang And Associates27 Oct, 2021Business

One Person Company (OPC) can be formed with only 1 owner, who acts as both the director as well as a shareholder of the company. There can be more than 1 director, but not more than 1 shareholder. For converting a Private Limited Company to an OPC, your paid-up capital and annual turnover should be less than ? 50 lakh and ? 2 Crore respectively.