OPC to Private Limited

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

OPC to Private Limited - An Overview

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!

Process OF - OPC to Private Limited

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
Post consultations, our team shares a draft of required actions with you, preparing the necessary documentation such as the Board Resolutions
Once the Resolutions are passed and all necessary documentation is compiled, our legal experts take care of the filing with ROC

Documents Required for OPC to Private Limited

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.

Frequently Asked Questions

What function does a nominee perform in an OPC?

A nominee is a person who joins the business in the event that the promoter passes away or is rendered incapable.

How much is the permitted capital fee?

The total number of shares that a company may issue to its shareholders is known as its authorised capital. A Company must pay the authorities an issued capital fee before issuing shares.

What does it cost to maintain an OPC?

Slightly less money is spent on an OPC than on a private limited company. You’ll spend about ₹12,000 to incorporate, followed by about ₹15,000 per year in compliance fees and the cost of an auditor to review your financial records.

What exactly is a dead company?

If the annual compliances are not met, the company becomes dormant and can eventually be struck off. It takes upto 20 years to be revived.

What is a DSC?

While submitting the document online, the DSC electronically confirms the sender’s or signer’s identity. Some of the application documents must be signed by the directors using their digital signatures, as per the MCA.

Can I launch multiple OPCs at once?

No, a person can only form one OPC at once. In an OPC, the nominee is also covered by this rule.

What tax benefits are available to an OPC?

There are no general benefits, but some benefits that are industry-specific. In addition to the minimum alternative tax and dividend distribution tax, profits are subject to a flat tax of 30%.