Convert Private Limited Company

To One Person Company

Convert your Private Limited Company to One Person Company (OPC). Register your One Person Company with Ebifiling.com at INR 14,999 /- only.

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Conversion of Private Limited Company to OPC (One Person Company)

All you need to know

A Private Limited Company is that type of company that offers Limited Liability or legal Protection to its shareholder. Private Limited Company in India lies somewhere in between a partnership firm and a widely owned public company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.

 

One Person company on the other hand is a Company which has only one person as its member. An OPC is effectively a company that has only one shareholder as its member. One person company provides more advantages such as Limited Liability, legal Status, and Corporate Identity, Quick Decision-Making, Flexible in Management, easy bank operation, and reduced taxation burdens.

Advantages of One Person Company:

1. Decision making: Decision making becomes easy as there is only one person to make a decision. This makes the decision-making process swift and time is utilized in other productive assignments.

2. Lesser Compliance: ROC and annual compliance are very less for One person companies.

3. Reduced workload: Work related to annual filing, share certificate etc. are reduced for One Person Company.

4. No AGM required: One person company does not need to hold an annual general meeting and does not need to comply with many other legal requirements which are mandatory for Private Limited Company.

Why should you choose Ebizfiling for Conversion of Private Limited Company to One Person Company?

EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory and management consultancy services to clients in India and abroad. Incorporating a One Person Company is easy, seamless, cheaper and quickest with EbizFiling.com! Apart from an OPC, EbizFiling.com also helps entrepreneurs with Private Limited Company Registration, Public Limited Company Registration, Partnership Registration, HUF, Limited Liability Partnership and Proprietorship Firm Registration easily. You may get in touch with us on 09643203209 or email info@ebizfiling.com for free advisory on all the services.

Cost of Conversion of Private Limited Company to One Person Company

Choose your Package

ESSENTIAL

14999/-

(All Inclusive)

  • Preparation of documents for conversion
  • Application for conversion from Private Limited Company to One Person Company
  • Filing of Form INC-6
  • Filing of Form MGT-14
  • New Certificate of Incorporation
  • Change in MOA & AOA
  • Change in PAN+TAN

Conditions to fulfill for conversion of Private Limited Company to OPC

Points to make your decision easy

  • That the paid-up capital of the company is less than Rs. 50 Lacs
  • That the annual turnover of the company must be less than Rs. 2 crores during the past three consecutive financial years. In case the company is new and has not completed three years, then the turnover shall be reckoned from the date of its incorporation.
  • That the shareholder of the resulting OPC shall be only one Natural Individual having Indian nationality.
  • That the shareholder of the OPC must be an Indian resident , a person becomes an Indian resident if he stays for 180 days in India during immediately preceding one calendar year.
  • The shareholder of the Resulting OPC must not have incorporated any other OPC, or he should  not be a nominee of any other OPC.
  • A minor cannot be a member or nominee of an OPC

Documents required for conversion Private Limited Company to OPC

Quick Checklist

  • Directors’ declaration by way of affidavit duly sworn in confirmation that all members and creditors of the company have given their permission for conversion.
  • Declaration that the paid up share capital company is INR 50 lakhs rupees or less and/or average annual turnover is lesser than two crores rupees.
  • A certificate from a practicing Chartered Accountant to confirm that the paid-up capital of the company is less than 50 lac and that the turnover is less than two crores.
  • List of members
  • List of creditors
  • No objection / Consent of all the creditors
  • Most recent Audited Balance Sheet and the Profit and Loss Account
  • Copy of Board Resolution and the special resolution passed at the EGM, along with its notices, agenda and explanatory statement
  • Altered copy of MOA and AOA, Incorporating relevant clauses which are necessary for OPC

Process for Conversion of Private Limited Company to OPC

 

Conversion of Private Limited Company to OPC Process in 5 steps

1

Fill in a simple checklist

2

Submit you documents

3

Verification of documents

4

Filing of Form INC  6

5

Fresh Certificate of Incorporation

Fill in the Simple Checklist

Private limited registration

Our Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up the checklist and submit along with the documents for the processing. Our expert team will verify documents and proceed with the conversion of Private limited Company to OPC formalities. All throughout the process, a dedicated Compliance Manager will keep you updated on the progress of the conversion to OPC.

Documents & Form INC6

Private limited registration

Apart from the Documents provided by you, there are some other documents that would be prepared by us such as Statement of Assets and liabilities, Certificate of CA/CS etc. We will prepare all the necessary documents and will prepare Form INC 6  for the conversion of Private Limited Company to One Person Company (OPC) with prescribed fees. This form will be proceeded by the office of the Regional Director and proceed with the final filing process.

Fresh Certificate Of Incorporation

Private limited registration

Once we prepare and file the Form INC 6,  Concerned Registrar of Companies (ROC) will check the forms and attached documents filed by the Company for Conversion of Private Company into One Person Company (OPC). On being satisfied that Company has complied with prescribed requirements the Registrar of Companies (ROC) shall issue the Certificate to the effect of Conversion of Private Company into One Person Company (OPC).

FAQs_Ebizfiling

FAQs On Conversion of Private Limited company to OPC

Get answers to all your queries

  • Is it mandatory to attain No objection certificate from members and creditors of private limited co for conversion in to OPC?

    Yes, It is mandatory to attain No Objection Certificate from all the members and all the creditors for conversion of Private Limited Company to OPC.

  • In which form the Special resolution passed by the members should be filed with ROC? in how many days?

    All the resolution passed as a special resolution by the members must be filed with the ROC in Form No MGT-14, along with prescribed attachments within 30 days from its date of passing.

  • My Private Limited Company’s turnover is 5 Crores per year. Am I eligible to convert my Private Limited Company to OPC?

    No, It is prerequisite for conversion of Private Limited Company to OPC that, the annual turnover of the company must be less than Rs. 2 crores during the past three consecutive financial years. Hence, Your Private Limited company can not be converted to OPC.

  • I am a Non resident Indian, will I be eligible to convert my Private Limited company to OPC?

    No, the shareholder of the resulting OPC must be an Indian resident person.

  • Have some queries?

    Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.

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