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OPC To Pvt. Ltd. Company

19950* Basic Package

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Overview

Turning OPC to Private Limited Company

Everything one must know regarding the conversion of OPC to Pvt Ltd Company

Turning One Person Company to a Private Company can widen the scope of enjoying greater advantages, specifically of fund generation. An OPC can turn off its own simply post a couple of years of its establishment. The process of conversion is executed by the Central Government post-conversion of MoA and AoA of the OPC.

The legal worth of the venture remains intact even after the conversion and so their rights and responsibilities. Upon being converted to a Private Company, at least two shareholders and directors are essential to be appointed to meet the least concerns. Conversion helps through the scope of growth along with extra financing scopes of private placement funding, ESOP, etc.

Advantages

Easy to generate funds

Raising funds being a Pvt Ltd company is a much simpler task as it provides scope of garnering shares and has several ways of generating funds as private equities, ESOP, etc.

Minimum responsibility of Owners

The charges of debts don’t put additional charges on personal assets of the company. Their responsibility remains confined within the subscribed capital not paid by them.

Tax-related advantages

Companies under the category of Open Person don’t fall under Income Tax Act, thus fall under same groups as of others regarding taxation. In general, private companies do fall under the tax category of 305 of the gross income. Hence, from the taxation point of view, the theory of One Person Company looks nominally profitable theory as it puts extensive financial pressure.

Distinct Legal Value

The moment a Private Limited Company is registered, a legal unit is established in legal vision that is distinct from the owners and managers. The company can function in its own name, be it about creating a bank account or procuring its own assets and being under the contract with concerned parties. It, too, gives a scope of suing third parties.

Document Required

PAN Card
  • It requires a PAN Card of shareholders and Directors. A passport is essential for foreign nationals.
Proof of Identity
  • Proof of Identity in the form of Voter ID/Passport/Driving License of Shareholders and Directors is essential.
Proof of address
  • Proof of address in the form of Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors is essential.
Photograph
  • Most recent Passport size photograph of Shareholders and Directors is essential.
NRI
  • Documents of Directors should be notarized by NRI or foreigners.
Financial Statements
  • Thoroughly certified copy of most updated audited Finacial Statements
Documents for incorporation of the OPC
  • It is essential to produce a certificate of Incorporation, MoA & AoA.

Time Lines

  • (10 to 15 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • Filing of application with registrar authorities
  • Receipt of Registration Certificate
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

19950*
  • Expert Consultation
  • 2 DIN Application (if DIN of directors are not available)
  • 2 DSC token, If required
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • ESI and PF Registration
  • PAN and TAN
  • Professional Tax (if applicable)
  • Open a Current Account 3
  • Incorporation Certificate
  • MOA and AOA
  • Conversion Process

Business

22450*
  • Expert Consultation
  • 2 DIN Application (if DIN of directors are not available)
  • 2 DSC token, If required
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • ESI and PF Registration
  • PAN and TAN
  • Professional Tax (if applicable)
  • Open a Current Account 3
  • Registration with GST
  • Registration with MSME
  • Share Certificate Hard Copy
  • Incorporation Certificate
  • MOA and AOA
  • Conversion Process

Enterprise

24950*
  • Expert Consultation
  • 2 DIN Application (if DIN of directors are not available)
  • 2 DSC token, If required
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • Registration with GST
  • Registration with MSME
  • ESI and PF Registration
  • PAN and TAN
  • Professional Tax (if applicable)
  • Open a Current Account 3
  • Share Certificate Hard Copy
  • Incorporation Certificate
  • Commencement of Business Certificate
  • 3 months GST return filing upto 50 invoice per month
  • 3 months account upto 75 entries per month
  • 10 MOA / AOA
  • Conversion Process
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.
  • 1. Additional authorised capital can be increased any time after paying additional stamp duty and other charges.
  • 2. Stamp duty additional required Rs. 7,500 in case of Madhya Pradesh, Rs. 3,000 in case of Kerala and Rs. 10,000 in case of Punjab state incorporation.
  • 3. Current Account will be choosen as per your preference.

FAQ's

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