Friday, 7 December 2012

One Person Company (OPC)


One Person Company (OPC)

 “One Person Company (OPC)” means a company is which has only one person as a member;

The memorandum of One Person Company shall indicate the name of another person as the nominee, who shall, become the member of the company in the event of the subscriber’s death. The written consent of such person shall also be filed with the Registrar at the time of incorporation of the One Person Company along with its memorandum and articles.

The nominee can withdraw his consent at any time. The member of One Person Company can at any time change the name of nominee by giving a notice and the change in nomination shall be intimated to the company about the changes within the prescribed time and the company shall intimate the Registrar about the changes in nomination within the prescribed time.

One Person Company Registration

Companies Bill 2011 (under the consideration of Parliament) envisages the concept of One Person Company (OPC) in India. The same will be implemented once the Companies Bill 2011 is passed by the parliament.

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