ComplyKart Services
Convert your One Person Company into a Private Limited Company — handled by ComplyKart experts, without the paperwork headache.
Package inclusion:
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Best Consultancy by Expert CA
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Alteration of MOA & AOA
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Filing of Form MGT-14, INC-6
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Document Preparation and Form Filing
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Post conversion compliances
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Experience behind every filing
A quick snapshot of the work so far.
Fees
Fees and packages for one person to private limited company
Every requirement is a little different, so we quote after a short discussion — the consultation itself is free.
One Person to Private Limited Company
Talk to a ComplyKart expert — we’ll understand your requirement and share an exact written quote before you pay anything.
OPC to Private Limited Conversion Package Inclusions
- Conversion eligibility check (paid-up capital/turnover thresholds)
- Member resolution and NOC documentation
- ROC filings for conversion to private limited
- MOA/AOA drafting for the converted company
- New Certificate of Incorporation follow-up
Overview
ONE PERSON COMPANY TO PRIVATE LIMITED COMPANY
Growing Business needs people on Board and to look after the management of Business. Entrepreneurs having OPC convert them into Private Company because of their increasing operation and expenses. To convert an OPC into a Private Company your OPC needs to have vintage of 2 years at least and one has to convert its MOA & AOA. ComplyKart is the Industry leader helping Companies to stay complied with passion.
What is One Person Company
The Companies Act, 2013 introduced new concept of One Person Company to support emerging entrepreneurs. Hence, they are encouraged to create a single person economic entity keeping in view limited liability protection. It’s an opportunity for aspiring as a minimum of two members are required for incorporating and maintaining a Private Limited Company and on the other side, and only one person can form OPC. The Registrar of companies provide them status of separate legal entity from its promoter. The promoter also gets limited liability protection so continuity of business carries much flexibility.
What is Private Limited Company
A small private business entity comes under the category of Private Limited Company as per the provisions of the Companies Act, 2013. Only 2 directors can make this company operational in the market. The feature of limited liability of each member saves their personal assets in condition of any financial problem or overdue debt. The management and decision-making process is quite smooth as 2 members’ rational wisdom proves result worthy for increase in production and sales. The death of the any member or desire to exit the company does not affect the existence of company. It enjoys the privilege of perpetual succession despite all obstacles. The credibility of Private Company is greater than any type of entity.
2 Types of Conversion
Voluntary Conversion: OPC convert themselves voluntary to enjoy the benefits of credibility, easy funding and increasing the salesforce. An OPC can be converted in Private Company only after completion of 2 years of its formation.
Compulsory Conversion: An OPC is required to convert itself into Private Company mandatorily when the paid-up capital of OPC is increased by 50 lakh and turnover is increased from 2 crores. It has to follow necessary procedures to convert itself into Private Company.
Benefits
Benefits of Private Limited Company
Open each benefit to see what it means for you.
Unlimited scope
Since the OPC has only 1 promoter and mostly 1 director, the growth chances are very limited. In Private companies the decision making is divided between different people and hence increases the growth.
Getting Bigger
Normally the OPCs convert themselves into Private company only when their turnover increases 2 crores or 50 Lakhs of paid-up, therefore it can be said that getting bigger can be a moytivation.
Increased credibility
The status of Private Company enables you to enjoy more credibility from its stakeholders than OPC. This assured faith guarantees maximum growth.
Availability of funds
Though a Private Limited Company can be formed with 2 directors only but if need arises, this number can go up to 200, this enable to raise funds quickly. On the other side, it is quite difficult task for sole proprietorship to raise money.
Process
Procedure of Conversion in to OPC into Private Company
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Pass Board Resolution
Meeting of Director is convened and resolution is passed for converting the OPC into a Private Company and file the necessary Forms with ROC
Alter MOA & AOA
Upon passing the Board Resolution MOA & AOA of OPC is altered according to the Private Company
File Form INC-5
Form INC-5 is filed with the concerned Registrar of Companies with attachments like Board resolution for approval
Approval
Once the ROC gets the Forms and other documents filed, they approve the Form and issue a COI in the name of converted Private Company.
Why ComplyKart
How ComplyKart can help
You should know who’s doing what. Open a stage to see how the work is shared.
Consulting & Strategy
Our conversion experts will give you the best consulting and prepare the strategy for conversion of your OPC into Compan...
Client’s growth
Our services are aimed at achieving growth for clients. We can provide necessary guidance for understanding the conversi...
Competence is our strength
We make every effort to stay updated with the rules and regulations by MCA. This enables us to deal with client’s needs...
Always there for you
The assurance of a dedicated workforce including support staff and managers can be a promising factor in the conversion...
Post Conversion Compliance
Once the conversion is approved by the Authority you need to comply with certain rules which we help you to comply and k...
If a founder or investor is outside India
Foreign ownership is possible in many sectors, but it adds document authentication, banking and FEMA work. Set the route before funds move.
Plan before you start
- Check whether your sector permits automatic-route foreign investment
- Confirm the Indian resident director arrangement
- Map ownership, beneficial ownership and pricing
- Allow time for apostilled or consularised documents
Plan for after setup
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
What clients say about working with us
Real stories from businesses we've worked with.
Our Trademark was applied in all the classes with a short span of time by Complykart Trademark Experts and I can say the level of expertise and commitment they carry is remarkable. It's an A+ from my side. We are now sticking to ComplyKart only.
I found the professionalism of the staff at complykart.com, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that complykart.com made it easy for my Business.
Trust, Commitment, Dedication and responsiveness are the best things with ComplyKart. Thanks for handling our Merger assignment with so much care. After my business disputes, complykart handles all things with own sense of understanding.
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