One Person Company OPC All About OPC Key Feature and its Advantages in Hindi

Fri, 03 Jan 2020 09:08:12 +0000

0:09 One Person Company (OPC): All About OPC , Key Feature and its Advantages

1:26 Liability of Co. is Limited, While Proprietership & Partnership has unlimited Liability
1:58 Advantages of OPC
2:07 Liability is Limited
2:19 Suitable for many professionals
2:56 Lessor Compliances
3:07 Perpetual Succession
4:04 Easy to convert into Pvt. Ltd. Co.

4:16 Condition for incorporating OPC
4:25 It must be Natural Person
4:50 Must be an Indian Citizen
4:59 Must not be a Minor
5:13 Must be a resident Indian (Not an NRI)
5:46 Role of nominee comes into picture if :
* The main shareholder is ineligible to execute contract or in case of Death
6:43 One Person can make only one OPC and can be Nominee in only One OPC

• Compulsory Conversion into Pvt. Ltd. Co.
7:16 If share capital increases more than 50 Lakh or Average turnover of previous 3 consecutive FY is more than 2 crore
8:34 Voluntary Conversion of OPC to Pvt. ltd Co.is possible after 2 years of incorporation

9:06 Limitation of OPC
9:21 Venture funding is difficult
9:48 Cannot Issue ESOP

10:20 Incorporation of OPC
10:24 Digital Signature
10:43 DIN Number
10:51 Name Approval
11:28 MOA & AOA
11:40 KYC Documentation
11:41 Ownership of Business Premises

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