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Convertion OPC To Pvt. Ltd. Co.

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Convertion OPC To Pvt. Ltd. Co.

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Overview

The main reason to convert an OPC (One Person Company) to a Private Limited Company (Pvt Ltd) could be to have better access to capital and a wider range of financing options, which can help the business grow and raise funds.

Process

Board meeting of the directors of the OPC

Obtain the approval of the shareholder(s) of the OPC

Filing of Form with the Registrar of Companies (RoC)

Modify the MOA and AOA of the OPC to reflect the changes required for conversion to a Pvt Ltd.

Issuance of Certificate of Incorporation

Obtain PAN and TAN

Eligibility

  • Existence:

    The OPC should have been in existence for a minimum of two financial years.

  • Paid-up Capital:

    The OPC should have a minimum paid-up capital of Rs. 1 lakh.

  • Turnover:

    The average annual turnover of the OPC should not exceed Rs. 2 crores in the immediately preceding two financial years.

  • Outstanding :

    All outstanding debts and liabilities should be fully paid off before the conversion process begins.

Certificate of Registration

A Certificate of Registration is a document that is issued by the Registrar of Companies (ROC) in India to acknowledge the completion of the process of converting a One Person Company (OPC) to a Private Limited Company.
This certificate confirms that the company has met all the requirements and formalities as per the Companies Act 2013 and has been registered as a Private Limited Company with the ROC.
Once the conversion process is completed, the ROC will issue a Certificate of Registration to the company, which serves as proof of its status as a Private Limited Company.
Convertion OPC To Pvt. Ltd. Co.

" Taxation on the One Person Company to a Private Limited Company "

  • The Conversion of One Person Company to a Private Limited Company (Pvt Ltd)could result in tax liability, however, certain tax exemptions may also be available.
  • Therefore, it's highly recommended to consult our professional experts at Sure Tax Fincare, to ensure compliance with the regulations and laws.

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