OPC to Private Limited Company


OPC to Private Limited Company

An OPC can be converted into a Private Limited Company either voluntarily or needs to be converted compulsorily if it satisfies certain conditions. 

Compulsory Conversion

 An OPC must mandatorily convert itself to a Private Limited Company, if it satisfies the following conditions:

  • If the paid up capital of the OPC exceeds Rs. 50 lakh.
  • If the average turnover in any three consecutive financial years is more than Rs. 2 crore.

Process 

  • No objection Certificate has to be obtained in writing from the creditors, and the other members.
  • The Members of the Company needs to pass a Special Resolution in the General Meeting for effecting conversion.
  • Within fifteen days of the passing of the resolution, company needs to file e-form INC-6 with the registrar along with a copy of the resolution.
  • E-Form MGT-14 (in case of conversion of OPC) must have been filed and approved before filing e-Form INC-6.

Documents Required 

  • NOC from creditors and member
  • Copy of Special Resolution
  1. Voluntary Conversion

Process 

  • If any One Person Company wants to convert itself into private/public Company, then also it can voluntarily apply through Form INC-6 after two years of its incorporation.
  • The conversion can be effected through modification of the memorandum of the association and articles of the association in accordance with the provisions.
  • E-Form MGT-14 (in case of conversion of OPC) must have been filed and approved before filing e-Form INC-6.
  • E-form INC-6 to be submitted to the Registrar along with the relevant documents.

Documents Required 

  • NOC from creditors and member
  • Copy of Board Resolution and Special Resolution

WHY NURTURELABZ

Startup Friendly

Individual attention and single point of contact help us register 1000 plus businesses and its counting.

Satisfied Clients

We strive to achieve total client satisfaction by delivering quality services in professional and time bound manner

Never Miss Deadline Approach

We are committed to meet deadline there by saving your money getting wasted by paying penalties.