Statutory Meaning & Definition
A company incorporated under Section 2(62) of Companies Act 2013 with only one member and one director (can be same person). Mandatory conversion to private company if paid-up capital exceeds ₹50 lakh or turnover exceeds ₹2 crore.
Frequently Asked Questions (FAQs)
What is One Person Company in Indian corporate law?
A company incorporated under Section 2(62) of Companies Act 2013 with only one member and one director (can be same person). Mandatory conversion to private company if paid-up capital exceeds ₹50 lakh or turnover exceeds ₹2 crore.
Why is One Person Company important for compliance?
One Person Company is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about One Person Company?
One Person Company is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to MCA:
MCA Overseas Listing Amendment Rules 2026 (G.S.R. 968(E)): Equity Instruments, IFSC Companies and the 75% QIB Route
Published: 5 November 2026
INC-20A Declaration for Commencement of Business: 180-Day Due Date, Fees, Penalty & MCA V3 Filing Guide
Published: 4 November 2026
MSME Form I Half-Yearly Return: Due Dates, Applicability, Section 405(4) Penalty & MCA V3 Filing Steps
Published: 2 November 2026
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