FAQs on One Person Company

Q. What are the guidelines for mandatory or voluntary conversion of One Person Company (OPC) into a Private Limited Company?

By Paras Mehra 10 Feb 2017

Conversion of One Person Company into the private limited company can happen only in two cases, Voluntary and Mandatory conversion.

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Q. What is yearly compliance cost for maintaining the One Person Company (OPC)?

By Paras Mehra 10 Feb 2017

The yearly compliance cost for maintaining the One Person Company (OPC) is somewhere around 8000 to 15000 which actually depends upon your turnover of the Company.

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Q. What is the difference between LLP and One Person Company?

By Paras Mehra 10 Feb 2017

The LLP and One person Company is totally a different story altogether. A Limited Liability Partnership is modern way of doing the partnership business in India. Likewise, One Person Company is also a modern way of doing the sole proprietorship business in India.

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Q. Can I convert my existing business into One Person Company (OPC) in India?

By Paras Mehra 10 Feb 2017

Yes, you can convert your existing business into One person Company (OPC). But since it is complex procedure, we need to talk to you directly.

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