OPC vs Pvt Ltd - Know the Difference Between Them

Parameters

OPC 

Pvt. Ltd.

Legislation

Companies Act 2013

Companies Act 2013

Minimum Share Capital Requirements

No minimum share capital requirement. However, if the share capital goes beyond 50 lakhs, the OPC gets converted to Pvt Ltd. 

No minimum share capital requirement.

Minimum/Maximum Members

An OPC is permitted to have only one member i.e., the business owner.

At least 2 members are required and a maximum of 200 members are permitted for Pvt Ltd.

Minimum and Maximum Directors

An OPC requires at least a minimum of one director and allows for a maximum of 15 directors. 

An OPC requires at least a minimum of one direction and allows for a maximum of 15 directors.

Name of the Company

OPC’s name should be registered as (OPC) Pvt. Ltd. or (OPC) Ltd.

Every Private Limited Company’s name must end with Pvt. Ltd.

Filing of Annual Returns

Financial Statements and Annual returns filing with RoC is mandatory.

Annual accounts and Annual returns filing with RoC is mandatory.

Board Meeting

At least one meeting in each half of a calendar year is required. 

The gap between the two meetings must be of a minimum of 90 days.

At least one meeting in each quarter of the year is mandatory. 

The maximum gap between the two meetings should not exceed 120 days.

Transferability of Shares

Possible after making changes to MoA

Easily transferable

FDI Eligibility

Not eligible for Foreign Direct Investment (FDI)

Eligible for FDI via automatic route