https://www.taxtmi.com/article/detailed?id=8240 An OPC must be formed by a natural person with a nominated natural person recorded in the memorandum and filed at incorporation; mandatory conversion to a private or public company occurs when paid up capital or average turnover exceed statutory thresholds, and voluntary conversion is restricted for two years. Management requires at least one director (first director named in the articles), with tailored board meeting rules where only one director serves. Financial statements (excluding cash flow statement) and abridged Board's Report must be filed within prescribed periods, and specified Companies Act meeting provisions do not apply to OPCs. en-us Thu, 15 Nov 2018 07:09:56 +0530 Thu, 15 Nov 2018 07:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8240 An OPC must be formed by a natural person with a nominated natural person recorded in the memorandum and filed at incorporation; mandatory conversion to a private or public company occurs when paid up capital or average turnover exceed statutory thresholds, and voluntary conversion is restricted for two years. Management requires at least one director (first director named in the articles), with tailored board meeting rules where only one director serves. Financial statements (excluding cash flow statement) and abridged Board's Report must be filed within prescribed periods, and specified Companies Act meeting provisions do not apply to OPCs. Articles Corporate Laws / IBC / SEBI Thu, 15 Nov 2018 07:09:56 +0530 https://www.taxtmi.com/article/detailed?id=8240