Conversion of Private Company into OPC
One Person Company (OPC) can be formed with only 1 owner, who acts as both the director as well as a shareholder of the company. There can be more than 1 director, but not more than 1 shareholder. For converting a Private Limited Company to an OPC, your paid-up capital and annual turnover should be less than ₹50 lakh and ₹2 Crore respectively.
Efficient & Accurate
Expert assistance
Security, Confidentiality & Results
Documents Required for Conversion of Private Company into OPC
The Form MGT-14 should be accompanied by the following attachments:
- The EGM notice with the explanatory statement copy
- A true certified copy of the special resolution
- The altered MOA and AOA of the company
- A certified copy of the board resolution.
The Form INC-6 should be accompanied by the following attachments:
- The total list of creditors and members.
- The latest balance sheet of the company.
- A copy of the NOC letter of secured creditors.
- The NOC of creditors and members.
- The company directors should give a declaration through a duly sworn affidavit confirming that all creditors and members of the company have given their consent for conversion.
