Ruchika Karunakar 40
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Flow of Presentation
Introduction
Features of OPC
Terms and Restrictions of OPC
Company vis a vis one person company
Incorporation of company
Types of OPC
Conclusion
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What is One Person
What is One Person
Company?
Company?
As per section 2(62) of the Companies Act, 2013, One
!erson Company" means a company #hich has on$y one
person as a mem%er
Companies Act 2013 Provides the Rules and Leislations !or OPC
An OPC cannot convert voluntarily into any 0ind o! company unless t#o
years have e2pired !rom the date o! incorporation3
Company
Company
vis"4"vis
vis"4"vis
O.5 P5R,O. CO+PA.6
O.5 P5R,O. CO+PA.6
Common ,eal
Perpetual ,uccession
,eparate !inances
,eparate leal entity
,eparate property
Limited lia$ility
+anaement and Control
!
1ncorporation o! OPC
1ncorporation o! OPC
"
(ypes o! OPC
(ypes o! OPC
A company limited by shares
Company havin the lia$ility o! its mem$ers limited $y the
memorandum to the amount3 i! any3 unpaid on the shares respectively
held $y them
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An OPC limited $y shares shall comply #ith !ollo#in
re8uirements 9
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,hall have minimum paid up capital o! 1.R 1 lac
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Restricts the riht to trans!er its shares
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Prohi$its any invitations to pu$lic to su$scri$e !or the
securities o! the company%
#
(ypes o! OPC cont1%%
(ypes o! OPC cont1%%
An unlimited company
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+em$ers accept complete lia$ility !or the company:s de$ts%
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Company is suita$le !or a $usiness #here the ris0 o! insolvency
is very lo# or non"e2istent
1%
Conclusion
Conclusion
(he compliance $urden is very less and the lia$ility o! the mem$ers
is very limited is an added advantae%
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