Package Inclusion :

One Person Company (OPC) is the latest and the best medium for the Sole-proprietorship Business men to penetrate in the corporate world. This concept has its prevalence not only in India, but also in abroad, including Singapore, USA even Europe.  It is the best source through which an individual, being incipient, may take an initiative to start a company without being wary of the having other subscribers or shareholders or Directors, since this is the company where only one person, being a subscriber or shareholder or a director, is suffice to incorporate this company, However, the upper limit for the directors is set up at maximum upto 15 directors.  The voluntarily conversion of an OPC into any other kind of company has been confined upto 2 years since its incorporation, However, if the Paid-up capital of the OPC Company crosses Rs.50 Lakhs or the average annual turnover during any 3 consecutive financial years exceeds Rs.2 Crore, then it’s mandatorily to be converted into a private limited company within 6 months.