Online OPC to Private Limited Company Starts at Rs. 9887.00 / - (Exclusive of all Expenses) Order Now
These conversions are made in strict accordance with the rules and provisions given in the Section-18 of the Indian Companies Act of 2013, and the Companies (Incorporation) Rules of 2014, especially including the Rule 7(4) of the Companies (Incorporation) Rules, 2014.
After the OPC is converted into a Private Limited Company, it is obligatory for the company to increase its paid-up share capital to Rs.50 Lakh or the annual turnover to Rs.2 Crore or more. If the company fails to comply with these provisions, it shall covert back itself to an OPC by passing a special resolution.
Yes, OPC may voluntarily convert itself into a Private Company or Public Company subject to certain condition. The OPC may apply for voluntary conversion only if a period of two years has been passed since its incorporation.
NO, an OPC cannot be incorporated as or converted into a company for non-profit, charitable purpose, and it cannot carry out non-banking, financial, or investment activities including investment in securities of any corporate body.