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Proprietorship To OPC

11450* Basic Package

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Overview

All about Conversion of Proprietorship to OPC 
Enhance your ownership and make the most of the OPC advantage  
Turn Entrepreneurship into OPC

Single person venture is a greater and advanced form of sole proprietorship company. One person companies are the perfect organization model for mid-level business. Single person venture is an enhanced and smarter form of sole proprietorship venture, and hence converting sole proprietorship into a One Person Company is a better business idea. Business model of such provides the single promoter complete hilt over the company, as well as keeps the responsibilities minimal as well for the greater protection of the concerned person’s whole properties. Proprietor of this venture is a shareholder as well. Equivalent to Private Company, OPC may also select another person as a director for management. Appointing nominee is optional when it comes to OPC.

Advantages

Single person venture is a greater and advanced form of sole proprietorship company. One person companies are the perfect organization model for mid-level business. Single person venture is an enhanced and smarter form of sole proprietorship venture, and hence converting sole proprietorship into a One Person Company is a better business idea. Business model of such provides the single promoter complete hilt over the company, as well as keeps the responsibilities minimal as well for the greater protection of the concerned person’s whole properties. Proprietor of this venture is a shareholder as well. Equivalent to Private Company, OPC may also select another person as a director for management. Appointing nominee is optional when it comes to OPC.

Safeguard personal properties of a company ensures that the owner holds minimal liability as per his own share.

Widens smarter business ways

Enterprises of larger-scale like to join hands with the OPC, rather than the proprietorship companies. OPC is put under registration as per the private company, and the private companies are indeed quite reliable that turns things easy for them to get funded from the financial ventures. It provides suppliers and their associated customer base with a greater level of confidence in the specific business.

An easy to handle model

In general, the model of OPC is manageable, considering the fact that there remains only one member in it. There is no need to conduct yearly or further general meeting. There is also no need to wait for the approval of anyone considering the fact that there is only a single person who the explicit authority is regarding decision making.

Strategically established model:

The OPC provides the company with a proper model identical to the private limited company and thus turns it strategic as per the advantages associated with the limited liabilities. A sole proprietorship does not provide a well-managed model.

Amendment in the registration of Shop and establishments

If any business wants to make any amendments, then they must intimate it to the Inspector in charge. All the businesses have to inform within the prescribed time. Similarly, if any business wants to close the Establishment, they must inform the concerned authority. They have to surrender their registration to cancel it. After reviewing your application, the officer will cancel your registration.

Records that the businesses must maintain under Shop and Establishment Act

According to the Shop and Establishment Act, every business has to obtain permission from the department of labor. They must keep the register up-to-date about all the details. It includes details of employment, fines, deductions, salary, advances, and holidays. This requirement may vary from one state to another. The files about annual holidays and number of employees should be submitted to the municipal corporations every year.            

Document Required

Identity Proof
  • It is essential to produce a thoroughly scanned copy of PAN Card of the entire directors associated, including the nominees. At the same time, one also needs to produce the Aadhar Card, Voter Identity Proof, authorized passport, and proper driving license.
Address Proof
  • Regarding this, one needs to produce most updated bank statement or any kind of utility bill. However, this is essential to be in the name of the concerned director. Bills in the name of nominees should be produced as well. But, it is essential to ensure that those should not be more than a couple of months older.
Proof of the office registered

The first thing essential to ensure or provide in this context is to provide the No Objection Certificate from the concerned owner and utility bill, both of which are desired not to be more than a couple of months older. A Notarized Rent agreement for rented property/ Registry Proof or House Tax Receipt for owned property should be produced.

  • Consent of nominee
  • Consent of the nominee in written form is essential to be filed along with Registrar of Companies or RoC
  • Passport size photograph
  • Most recent passport size photograph of the directors and nominee

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

11450*
  • Expert Consultation
  • 1 DIN Application (if DIN of director is not available)
  • 1 DSC token
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • Open a Current Account 3
  • PAN and TAN
  • Registration with GST
  • Conversion Process

Business

13950*
  • Expert Consultation
  • 1 DIN Application (if DIN of director is not available)
  • 1 DSC token
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • Open a Current Account 3
  • PAN and TAN
  • Registration with GST
  • Registration with MSME
  • Share Certificate
  • Conversion Process

Enterprise

17450*
  • Expert Consultation
  • 1 DIN Application (if DIN of director is not available)
  • 1 DSC token
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • Open a Current Account 3
  • PAN and TAN
  • Registration with GST
  • Registration with MSME
  • ESI and PF Registration
  • Share Certificate Hard Copy
  • 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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