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OPC to Private Limited


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Convert a One Person Company to a Private Limited Company

Convert a  One Person Company to a Private Limited Company, you can raise more capital by releasing more shares!

Introduction

In India, the share transferability of a private limited company is limited to 50 shareholders, and they are restricted from freely trading their shares with the general public. However, a One Person Company is run by a sole owner, with the added benefit of limited liability to the said owner and other shareholders. The conversion of an OPC to a Private Limited Company is mandatory when the company’s paid-up share capital exceeds 50 lakhs or its average annual turnover over three years is equal to or exceeds 2 crores. Sign up for our Conversion from One Person Company to Private Company Service today, so that your company can transform itself into a Private Company without any regular hassles. With our team working for you, you can focus on the impending transition, and acquiring funding for the same. Sign up today!

Distinctions between Private and One Person Companies

One Person Companies exist as a halfway point between Sole Proprietorships and Private Limited Companies.

Private CompanyOne Person Company
Minimum members-2Minimum members-1
Minimum Directors-2Minimum Directors-1
No requirement of appointing a nomineeA nominee must be appointed where there is only one member
Foreigners may become members of a Private CompanyNo Foreigners may become members of one-person company

 

Required Documents For Convert a One Person Company to a Private Limited Company

The documents required in order to effect a change from a One Person Company to a Private Limited Company are –

  • Altered memorandum and articles of association.

  • Notice of Extra-Ordinary General Meeting (EGM) with the approval of Directors for the conversion of a One Person Company to a Private Limited Company.

  • Special resolution for conversion of the company into a Private Limited Company.

  • Form INC 6 – Application for the conversion of One Person Company to a Private Limited Company.

  • Form MGT 14.

  • Minutes of the Meeting where approval was given for conversion.

  • In the event that the conversion is mandatory, form INC 5 may be required as well.

Sign up for our service today, so that our experts can provide you with a complete list of all necessary documentation, and process your application for you!

Registration Process

Registration Procedure Of Convert a One Person Company to a Private Limited Company

eStartIndia will help you to Convert a One Person Company to a Private Limited Company from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a Free Consultation for Company conversion with Our Top Rated Experts with a simple registration.

Step 1

You sign up for our Convert a One Person Company to a Private Limited Company service, and our financial & legal experts engage in consultations with you in order to collect the necessary information and work on the same

Step 2

Post consultations, our team shares a draft of required actions with you, preparing the necessary documentation such as the Board Resolutions

Step 3

Once the Resolutions are passed and all necessary documentation is compiled, our legal experts take care of the filing with ROC

Package

Basic

9999 /-

    Convert OPC to Private Limited with free and continuous Expert support

(Professional Fees)



FAQs

What is the time limit of filing form INC-?

Form INC-5 shall be filed within sixty days of exceeding threshold limits.

What is the time limit of filing form INC-?

Form INC-6 shall be filed within 30 days in case of voluntary conversion and within six months of mandatory conversion.

What is the condition precedent for conversion of OPC into Private Company?

 In case of voluntary conversion:

(i) Expiry of two years after incorporation of OPC.

       In case of mandatory conversion:

  1. When paid up share capital exceeds Rs. 50 lakhs and the yearly turnover of immediately previous three consecutive financial years is more than 2 Crores rupees.

Such company has to compulsorily convert to a private or public limited company within a period of 6 months from the date when the paid-up share capital exceeded 50 lakhs rupees or the last date of the related period in which the average annual turnover surpasses 2 Crore rupees.



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