• 9051 NG-Associates Incorporate

OPC to Private Limited Company

One Person Company means a Company which has only one person as its member. An OPC is effectively a company that has only one shareholder as its member. A private Limited Company is the form of the company where minimum two members are required and maximum number of members can be 200. The liability of the members of a Private Limited Company is limited to the amount of shares held by them.The OPC can voluntarily convert itself into any kind of company, including a private limited company at any time without meeting the criteria of paid-up share capital and average annual turnover.