- 56, METCALFE TOWER, 2ND FLOOR, Kolkata, West Bengal, India, 700014
Follow Us :
Menu
Converting a Private Limited Company (Pvt Ltd) into a One Person Company (OPC) is an excellent choice for business owners who wish to streamline their operations while retaining limited liability status. This transition enables solo entrepreneurs to operate under a formal business structure, simplifying compliance and enhancing operational flexibility. At Accotale, our experts guide you through the entire conversion process, ensuring smooth, hassle-free compliance with all legal and regulatory requirements.
All Inclusive Service-Inclusive of Government Fees
01. The Pvt Ltd Company must have a paid-up capital of ₹50 lakh or less.
02. Annual turnover should not exceed ₹2 crore in the preceding financial year.
03. Must not be involved in any non-banking financial investment activities.
04. Shareholders’ approval is required for the conversion.
Accotale ensures an efficient, thorough, and legally compliant conversion process for businesses of all sizes. With a dedicated team of experts, we provide.
Complete Regulatory Support-
Full guidance on legal, tax, and regulatory implications.
Speedy Process-
Quick turnaround for document filings and approvals.
Expert Consultation-
Tailored solutions to meet your business needs.
Transparent Pricing-
No hidden charges; our packages are all-inclusive.
Our team will assist in convening a board meeting to pass a resolution for the conversion. Shareholder approval is also required, ensuring all procedural steps are in place.
We will prepare and file necessary documents with the Ministry of Corporate Affairs (MCA) to initiate the conversion, including forms such as MGT-14, INC-6, and any declarations.
Accotale facilitates the name reservation process to update your business name to reflect the OPC structure and assists with obtaining or updating the DSC for seamless digital transactions.
Upon submission, our experts monitor the MCA's review process and address any clarifications, ensuring prompt and complete compliance.
Post-approval, MCA issues a fresh Certificate of Incorporation, establishing your business as a One Person Company.
Accotale ensures an efficient, thorough, and legally compliant conversion process for businesses of all sizes. With a dedicated team of experts, we provide.
Complete Regulatory Support.
Full guidance on legal, tax, and regulatory implications.
Speedy Process.
Quick turnaround for document filings and approvals.
Expert Consultation
Tailored solutions to meet your business needs.
Transparent Pricing.
No hidden charges; our packages are all-inclusive.
No, only private limited companies with a paid-up share capital of ₹50 lakh or less and an average annual turnover of ₹2 crore or less in the past three years can be converted into an OPC.
The conversion process includes passing a board resolution, obtaining consent from shareholders, filing necessary forms (such as Form MGT-14 and INC-6) with the Registrar of Companies (ROC), and obtaining approval.
Yes, approval from shareholders is mandatory through a special resolution.
Conversion to an OPC allows greater operational simplicity, less compliance, sole ownership, and a limited liability structure ideal for small businesses.
Yes, appointing a nominee is mandatory, as the OPC structure relies on a single director and owner with a designated nominee in case of incapacity or death.
ACCOTALE ADVISORY
PRIVATE LIMITED
Your Trusted Partner in Financial Excellence