OPC to Private Limited Company Conversion in India
Transform your One Person Company into a scalable Private Limited business entity
Why Convert from OPC to Private Limited?
A One Person Company (OPC) is ideal for solo entrepreneurs, but as the business expands, converting to a Private Limited Company (PLC) becomes beneficial. The conversion is essential when the company exceeds a turnover of ₹2 crore or has a paid-up capital of more than ₹50 lakh. Entrepreneurs can also opt for voluntary conversion for better scalability and investment opportunities.
Growth Potential
Unlimited growth potential with no restrictions on turnover or paid-up capital.
Capital Raising
Enhanced ability to raise capital through additional shareholders and investors.
Enhanced Credibility
Improved business reputation and market standing with the 'Private Limited' status.
Process of OPC to Private Limited Company Conversion
Convene a Board Meeting
- Pass a resolution to approve the conversion.
- Authorize a director to file necessary applications with the Ministry of Corporate Affairs (MCA).
Obtain Shareholder Approval
- Conduct an Extraordinary General Meeting (EGM).
- Pass a special resolution for conversion.
- File MGT-14 with the Registrar of Companies (ROC) within 30 days.
File an Application for Conversion
- Prepare and file Form INC-6 along with the required documents.
- The ROC will review and verify the submitted application.
Approval from ROC
- Once verified, the ROC issues a Certificate of Incorporation confirming the conversion.
- The company officially operates as a Private Limited Company from this point.
Documents Required for OPC to Private Limited Conversion
1Organizational Documents
- Board Resolution approving the conversion
- Special Resolution (EGM Minutes)
- Form MGT-14 (for special resolution filing)
- Form INC-6 (application for conversion)
2Company & Financial Documents
- Altered MOA & AOA reflecting the new company structure
- List of Shareholders and Directors
- Consent of Directors in Form DIR-2
- Declaration from Director confirming compliance
- Latest Financial Statements and Tax Returns
Timeline for Completion
The conversion process typically takes 15-20 working days, subject to document verification and ROC approval.
Estimated Timeline
Week 1
Document preparation and obtaining necessary consents
Week 2
Filing of MGT-14 for special resolution
Week 3
Filing of INC-6 application with ROC
Week 4-5
Receiving the new Certificate of Incorporation
OPC to Private Limited Conversion Services
- End-to-end legal compliance support
- Expert preparation of all required documents
- Efficient handling of ROC formalities
- Regular updates on application status
- Post-conversion compliance guidance