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Conversion of a One Person Company into a Private Limited Company

{for conversion of one person company into a private limited company}

takes around 20-25 days

18880 (including GST; applicable statutory/ government fees extra)

A One Person Company (OPC) can be converted into a private limited company under two scenarios-

 

Voluntary Conversion

An OPC which has been in existence for 2 years since its incorporation can opt to get itself voluntarily converted into private limited company subject to following conditions-

  • paid up share capital of OPC is less than Rs. 50 lakh
  • average annual turnover of three preceding consecutive financial years is less than Rs. 2 crore

 

Mandatory/ statutory Conversion

In case the paid up share capital of an OPC exceeds Rs. 50 lakh or its average annual turnover of immediately preceding three consecutive financial years exceeds Rs. 2 crore, then the OPC has to mandatorily convert itself into private limited company. This can happen any time after incorporation of OPC.

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Package Includes

DIN for 2 directors

DSC for 2 directors

name search & approval

MOA & AOA

company registration

statutory fees

Documents required

Voluntary Conversion

  • notice of board meeting
  • board resolution authorizing conversion
  • ’No Objection’ certificate from member and creditors
  • Affidavit from director(s)
  • latest audited balance sheet of OPC

  Mandatory/ statutory Conversion

  • notice of board meeting
  • board resolution noting conversion
  • No Objection’ certificate from member and creditors
  • copy of latest financial statement
  • certificate from a Chartered Accountant in practice for calculation of the average annual turnover during the relevant period in case the conversion is on basis of this criteria

Apart from above following documents are also required in both the cases-

  • 2 latest passport size photographs of every member/ director
  • copy of PAN card of every member/ director
  • copy of Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of every member/ director
  • copy of Mobile bill, telephone bill, electricity bill or Bank Statement of every member/ director with present address
  • registered office address proof - Electricity Bill/Telephone Bill/other utility bill along with Rent Agreement/ ownership proof of proposed registered office
  • NOC from landlord (we will provide the format)

 

Conversion process

The process of conversion of OPC into private limited company usually takes around 20-25 days depending upon the correct and proper documents received and time taken by the respective ROC to incorporate the company. We will start the process once we receive the payment and thereafter we will send you all the documents including certificate of incorporation.

 

The process of conversion will include DSC & DIN for 2 directors, name approval, MOA & AOA, incorporation & registration of company and statutory fees applicable on filings with ROC.

Note :-

  • Timeline starts from receipt of complete and accurate documents/ information
  • Timeline is subject to MCA site up and working
  • For every extra member/ director over 2, charges will be INR 2,000 extra per person
  • Stamp duty varies from state to state
  • Extra charges will apply for an early turnaround
  • ROC fees will be charged as per actuals in addition to the service price
  • Late filing will attract additional fees from ROC