One Person Company follows certain rules from incorporation to conversion to the dissolution of the company. Here we discuss some important rules for the functioning of the one person company:
Note-A natural person, who stayed in India for a minimum period of 182 days during immediate preceding one calendar year, shall be called a resident of India.
Note- Paid up share capital 50 lakhs or average annual turnover 2 crore is a threshold limit for OPC.
Related: Step Wise One Person Company Registration Procedure in India
Related: OPC vs Public Company
Click here to Register an OPC