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Conversion of Private Limited Company to OPC

Startup @ Rs. 12000 + Govt fees

Conversion of Private Limited Company to OPC

A private company can convert itself into One person Company if the paid up share capital of such private company is less than fifty lakhs rupees and average annual turnover during the relevant period is less than two crore rupees.

Consent from all members and creditors of the company shall be taken for conversion of Private Limited Company into One Person Company.It shall alter its Memorandum and Article of association on conversion into one person Company.

Note: “Relevant period" means the period of immediately preceding three consecutive financial years.

  1. Vote in favour of the Resolution of conversion shall not be less than three times the number of votes, if any, cast against.
  2. List of members and list of creditors.
  3. Latest Audited Balance Sheet and the Profit and Loss Account.
  4. No Objection letter of every creditor.
  5. Consent of the nominee.
  6. Copy of PAN card of the nominee and member/shareholder.
  7. Proof of identity of the nominee and member/shareholder: Self attested copy of Voters Identity Card/Aadhar Card Card/Passport/Driving license
  8. Residential proof of the nominee and member/shareholder: Self attested copy of Bank Statement/Electricity Bill/Mobile Bill/Telephone Bill

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