Convert OPC to Private Limited Company

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Convert OPC to Private Limited Company

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Know about conversion of OPC to a Private Limited Company

Converting One Person Company to a Private Company can open avenues to pursue additional benefits such as fund raising. An OPC can voluntarily convert itself only after 2 years of its incorporation. The application of conversion is made to Central Government after alternation of MoA and AoA of the OPC. The legal existence of the company continues even after the conversion and so do their rights and liabilities. With its conversion into Private Company, minimum 2 shareholders and directors must be appointed to fulfil the minimum requirement. Conversion helps with the growth opportunities along with additional funding options of private placement funding, ESOP and many more.

Benefits of Conversion of OPC to a Private Limited Company

Documents Required to convert OPC to Pvt Ltd company

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Convert OPC into Private Company in 3 Easy Steps

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Process of converting OPC to Pvt. Ltd.

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Frequently Asked Questions

After the OPC is converted into a Private Limited Company, it is obligatory for the company to increase its paid-up share capital to ₹ 50 Lakh or the annual turnover to  ₹ 2 Crore or more. If the company fails to comply with these provisions, it shall covert back itself to an OPC by passing a special resolution.

The OPC must convert itself into a Private Company in case of the following situations:
– If the paid-up share capital of the OPC hits more than  ₹  50 lakh.
– If the annual turnover exceeds   ₹ 2 crores consecutively for the last three (3) years.

Yes, OPC may voluntarily convert itself into a Private Company or Public Company subject to certain condition. The OPC may apply for voluntary conversion only if a period of two years has been passed since its incorporation.

NO, an OPC cannot be incorporated as or converted into a company for non-profit, charitable purpose, and it cannot carry out non-banking, financial, or investment activities including investment in securities of any corporate body.

After the conversion, the liabilities, debts or obligation of the company shall not be affected in any way. Hence, the company shall be liable for all its previous obligations.

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Convert OPC to Private Limited Company

Explore funding options to grow your business from OPC to Pvt. Ltd
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