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Is it possible to have multiple shareholders in an OPC (one person company) in India?

Submitted by LegalWizin on Wed, 08/25/2021 - 01:25

OPC- a One Person Company, the name suggests that it is a company of one person. Hence in an OPC there cannot be more than one shareholder. However, there can be more than one director to manage the company. It is new concept given by Companies Act, 2013 to empower a single person to run a corporate business.

If one has to add a shareholder for the investment in an OPC then it must be converted into a private limited company. But there is a lock in period of 2 years for voluntary conversion of OPC into a private limited company.​

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