over 8 years ago
Unlimited scope of expansion and growth Advantages of OPC over public company One person alone can form a One Person Company Sole owner has the complete control over the company Lesser compliance burden on the One Person Company Minimum requirement- one member cum director, one nominee No provisions of AGM and EGM are applicable Process of conversion of OPC into Public Company Hold a board meeting stating: Obtain no objection from the member and director of the company for the application of the conversion.