OPC TO PRIVATE LTD

The concept of One Person Company (OPC) was introduced under Companies Act, 2013. The OPC has minimum requirement of just one Director and one member in contrast to two each in a Private Company.

The conversion of an OPC to a Private Limited Company is mandatory when the company’s paid-up share capital exceeds 50 lakhs or its average annual turnover over three years is equal to or exceeds 2 crores.

Minimum Requirements

• Minimum 2 Directors for Private Company
• Minimum 2 Shareholders
• DIN for all Directors
• DSC for all Directors and Shareholders 

Documents Required for the Conversion to Private Company:

Documents required for Conversion of a One Person Company to Private Company are same as documents required for Incorporation of a Private Company along with other documents.

• Altered memorandum and articles of association. 

• Notice of Extra-Ordinary General Meeting (EGM) with the approval of Directors for the conversion of a One Person Company to a Private Limited Company. 

• Special resolution for conversion of the company into a Private Limited Company. 

• Form INC 6 – Application for the conversion of One Person Company to a Private Limited Company. 

• Form MGT 14. 

• Minutes of the Meeting where approval was given for conversion.

• Other additional documents as may be required.