Converting your Private Limited Company (PLC) into a One Person Company (OPC) marks a strategic move towards streamlined ownership while retaining limited liability protection. This transition offers simplified governance, greater operational flexibility, and personalized management helping your business stay agile and efficient in today’s dynamic market.
What is Conversion of Private Limited Company to OPC?
Under the Companies Act, 2013, a Private Limited Company can convert into an OPC, allowing a single individual to own and manage the company while enjoying the benefits of a corporate entity. This conversion supports businesses aiming for simpler structures without compromising legal protections.
Eligibility Criteria for Conversion
Our Conversion Process
Conduct a board meeting to pass a resolution approving the conversion.
Hold an Extraordinary General Meeting (EGM) and obtain shareholder approval through a special resolution.
Confirm that the company meets all eligibility criteria for conversion.
Obtain written consent from the director(s) for the conversion process.
Submit Form MGT-14 to the Registrar of Companies (ROC) within 30 days of passing the special resolution.
Prepare the new Memorandum of Association (MOA) and Articles of Association (AOA) tailored for OPC compliance.
File Form INC-6 with the ROC along with the new MOA and AOA to seek official approval.
Receive a fresh Certificate of Incorporation from the ROC confirming the company’s status change to OPC.
Update the company’s PAN and TAN details with the relevant tax authorities.
Inform banks, suppliers, customers, and other stakeholders about the conversion.
Ensure all registrations and licenses reflect the new OPC status.
Complete any additional filings, such as GST department notifications.
Note: Professional legal and financial consultation is recommended to ensure compliance with all applicable regulations.
Benefits of Converting to an OPC
Documents Required for Conversion
Why Choose Rebizco?
Choosing Rebizco means partnering with experts who simplify your transition from Private Limited to OPC. We handle every step meticulously, ensuring your conversion is compliant, timely, and hassle-free. With deep regulatory knowledge and a client-first approach, Rebizco is your trusted ally for a seamless corporate restructuring experience.
Ready to Convert Your Private Limited Company to an OPC?
Partner with Rebizco to transform your business structure with ease and confidence. Contact us today to get started!
📞 Call Now at +91 9873856939| 📩 Request a Consultation at info@rebizcoadvisory.com | 🌐 Visit www.rebizcoadvisory.com
FAQs
Q: What is the process for converting a Private Limited Company to an OPC?
A:It involves board and shareholder approvals, eligibility verification, filing forms with the ROC, updating MOA & AOA, and obtaining a new Certificate of Incorporation.
Q: What are the eligibility criteria?
A: It is Paid-up capital below Rs. 50 lakh, turnover ≥ Rs. 2 crores for last 3 years, and Indian nationality of the sole shareholder.
Q: Can any Private Limited Company convert to an OPC?
A: Only those meeting eligibility and procedural requirements can convert.
Q: Why is a No Objection Certificate from creditors necessary?
A: It confirms creditors acknowledge and agree to the company’s conversion.
Q: Can an OPC issue shares to the public?
A: No, OPCs cannot issue shares publicly and are intended for sole ownership.
Q: How long does the conversion take?
A: Typically it takes several weeks depending on regulatory processes.
Q: How does Rebizco assist in this process?
A: We manage all legal, documentation, and filing aspects to ensure smooth compliance.
Q: Are there restrictions on business activities for OPCs?
A: Yes, OPCs have certain regulatory restrictions to maintain their status.
Q: Can an OPC convert back to a Private Limited Company?
A: Yes, voluntary conversion is permitted subject to compliance with criteria.
Q: What are the post-conversion compliance requirements?
A: OPCs must meet ongoing filing and regulatory obligations, including annual returns.
