Conversion Company From Private Limited To One Person Company
Step 1
You sign up for our Conversion, and our financial & legal experts engage with you in order to collect the necessary information and work on the same
Step 2
Post consultations, our team shares a draft of required actions with you, preparing the necessary documentation such as the Board Resolutions
Step 3
Once the Resolutions are passed and all necessary documentation is compiled, our legal experts take care of the filing with the ROC
About Conversion Of Company
In India, the share transferability of a private limited company is limited to 50 shareholders, and they are restricted from freely trading their shares with the general public. However, a One Person Company is run by a sole owner, with the added benefit of limited liability to the said owner and other shareholders. Sign up for our Conversion from Private to One Person Company Service today, so that your company can shed the restrictive cocoons of Private Company regulations and emerge as a new One Person Company. With our team working for you, you can focus on the impending transition, and acquiring funding for the same.
Private Limited Company
- Minimum members-2
- Minimum Directors-2
- No requirement of appointing a nominee
- Foreigners may become members of a Private Limited Company
One Person Company
- Minimum members-1
- Minimum Directors-1
- A nominee must be appointed where there is only one member
- No Foreigners may become members of a One Person Company
- Altered memorandum and articles of association.
- Notice of Extra-Ordinary General Meeting (EGM) with the approval of Directors for the conversion of a Private Limited Company to One Person Company.
- Special resolution for conversion of the company into a One Person Company.
- Form MGT 14.
- Form INC 6 – Application for the conversion of Private Limited to One Person Company.
- Minutes of the Meeting where approval was given for conversion.
- List of Members and Creditors.
- NOC from Members and Creditors.
- Affidavit by Directors.
- Latest Audited B/S and P&L a/c.
Step 1:
You sign up for our Convert a Private Limited Company to One Person Company service, and our financial & legal experts engage in consultations with you in order to collect the necessary information and work on the same
Step 2:
Post consultations, our team shares a draft of required actions with you, preparing the necessary documentation such as the Board Resolutions
Step 3:
Once the Resolutions are passed and all necessary documentation is compiled, our legal experts take care of the filing with the ROC
Frequently Asked Questions
Who Is Eligible To Act As A Member Of OPC?
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.
A Person Can Be A Member In How Many OPC?
A person can be a member of only one OPC.
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