Convert a Private Limited Company to an OPC

A private limited company can convert itself into an OPC if it has a paid-up capital ofless than Rs. 50 lakh and an annual turnover of less than Rs. 2 crore.

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Why should you register your Company? 

Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.

  • Shields from personal liability and protects from other risks and losses.
  • Attracts more customers
  • Procures bank credits and good investment from reliable investors with ease.
  • Offers liability protection to protect your company’s assets
  • Greater capital contribution and greater stability
  • Increases the potential to grow big and expand
  • You will also get Zero Balance Current Account – Powered by DBS Bank *

Private Limited to One Person Company

A private limited company can convert itself into a one-person company (OPC) if it has a paid-up capital ofless than Rs. 50 lakh and an annual turnover of less than Rs.2 crore. An OPC also need a nominee. The procedure is time-consuming, as you cannot use the INC-29 procedure, but should be completed inside 25 working days. Our package includes everything from the filing of the forms for conversion to the alteration of your Memorandum of Association and Articles of Association.

Advantages of One Person Company

Limits Director’s Liability

Businesses often need to borrow money. In structures such as the Sole Proprietorship, proprietors are personally liable for all this debt. So if it cannot be repaid by the business, the proprietor would have to sell his/her car, house or jewellery to do so. In an OPC, only the amount invested in starting the business would be lost; all personal property would be safe.

Continuous Existence

If a promoter were to operate as a Sole Proprietorship, rather than an OPC, the business would come to an end on his/her death. As an OPC has a separate legal identity, it would pass on to the nominee director and, therefore, continue to exist.

Fewer Compliances

An OPC can only have one director and shareholder, so annual filings are much reduced, as is work relating to share certificates and the statutory registers.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letrase

OUR PROCESS

WHY START-UPS PREFER PRIVATE LIMITED COMPANY AS A BUSINESS FORM?

The Private Ltd Company is one of the most preferred business legal forms by growing Indian start-ups. A private limited company can fulfill the requirement of raising funds from private investors easily; attract less tax and is a separate legal entity with perpetual succession which is restricted to other business types. Find out more.

Why Accountry

35 WORKING DAYS

Just tell us a little bit about your business and you’ll be running an OPC 35 working days later. During this time, we’ll complete all the formalities, from filing conversion forms to alteration of your Memorandum & Articles of Association.

9.1 CUSTOMER SCORE

We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

160 STRONG TEAM

Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.

ASSURED CUSTOMER SATISFACTION

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CLIENT DATA CONFIDENTIALITY

NO HIDDEN FEE

SECURE ONLINE PAYMENT

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