Convertion of Pvt. Ltd. Co. to OPC

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Overview

For a single promoter, converting a Private Limited Company to an OPC simplifies operations by minimizing legal compliance and making company ownership and management more straightforward

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Steps

01

Conduct a Board Meeting

02

Obtain (NOC) from Creditors

03

Obtain shareholder and board approval

04

Amendment of Memorandum and Articles of Association

05

Application to the Registrar of Companies (ROC)

06

Approval from the ROC

07

Issuance of Certificate of Incorporation

Eligibility

Shareholder:

An OPC must have a sole shareholder, who must be an individual and a resident of India

Paid-up Capital:

One Person Companies (OPCs) in India are no longer subject to any maximum limits on paid-up capital or annual turnover

No Other OPC:

A person cannot be a member or a nominee in more than one OPC simultaneously

Director:

OPC have minimum 1 Director and Maximum 15 Director as per the Companies law.

Compliance:

The company must comply with all applicable laws and regulations, including tax and labor laws

Certificate of Registration

  • After a Private Limited Company's conversion to an One Person Company (OPC) is finalized and approved, the Registrar of Companies (ROC) will issue the certificate of registration. This certificate is crucial for the company, as it's frequently needed for various legal and financial activities like opening bank accounts, securing government licenses, or raising capital The certificate of registration acts as official documentation of the company's successful conversion from a Private Limited Company to an OPC, confirming its registration status under the Companies Act, 2013.

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