No one person company can convert voluntarily into any kind of company unless two years have expired from the date of incorporation of One Person Company, except
a) threshold limit is increased beyond fifty lakh rupees (paid up share capital) or
b) its average annual turnover during the relevant period exceeds two crore rupees.
A Private Company has privilege over One Person Company as it can increase its number of members up to 200 for raising further funds for expansion.
What you do
You just need to fill our simple form regarding the basic details of director, your business activities and provide certain documents as needed by our team.
What We do
Conversion of One Person Company into Private Company in India needs approval from the Registrar of Companies (ROC). We will be preparing and filing all the documents with the ROC.
What you get
Once the required resolutions are passed by the company, we will start the process for conversion of the company.
You will receive fresh Certificate of Incorporation within 15 days from completion of process for conversion of the company subject to approval by the ROC.
Yes, OPC can be converted within 2 years of incorporation but only if threshold limit of paid up share capital of Rs. 50 lakhs or less or its average turnover of Rs. 2 crore or less is exceeded.
The minimum number of members is to be increased to 2.
Minimum 2 directors need to be appointed in private company.
At present there is no minimum capital requirement for private company.
The statement must be signed by all partners or by their agents specially authorised in this behalf.
All the documents are filed in electronic form and there is no need of any physical presence.
