https://www.taxtmi.com/article/detailed?id=5280 One Person Company status permits a single natural person member to incorporate a private company subject to eligibility that the member and nominee be Indian citizens and residents, limits on number of OPCs per individual, and nomination requirements with prior written consent filed at incorporation. Nominee withdrawal and succession trigger prompt re nomination and Registrar filings in prescribed forms. Where statutory capital or turnover thresholds are exceeded an OPC must convert within a set period into a private or public company, amend its memorandum and articles by resolution, and notify the Registrar; contraventions attract fines. en-us Sat, 14 Sep 2013 12:53:52 +0530 Sat, 14 Sep 2013 12:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5280 One Person Company status permits a single natural person member to incorporate a private company subject to eligibility that the member and nominee be Indian citizens and residents, limits on number of OPCs per individual, and nomination requirements with prior written consent filed at incorporation. Nominee withdrawal and succession trigger prompt re nomination and Registrar filings in prescribed forms. Where statutory capital or turnover thresholds are exceeded an OPC must convert within a set period into a private or public company, amend its memorandum and articles by resolution, and notify the Registrar; contraventions attract fines. Articles Corporate Laws / IBC / SEBI Sat, 14 Sep 2013 12:53:52 +0530 https://www.taxtmi.com/article/detailed?id=5280