A private limited company is formed by two or more persons to run a business, but what if the other person has left the business or the business is not running the way it should have been then it can also be converted into a one Person Company. Conversion of private limited into one person company procedure is provided under companies act, 2013 and rules thereof, and is subject to approval of the ROC. One person company enjoys several exemptions under the act and can be easily managed as compared to a private limited company.
Conversion of private company into opc can be done of private company having capital less than 50 lacs or having average turnover 2Cr. Private limited to Opc can be done by passing a special resolution in the existing private company along with NOC from all the existing members and creditors of the company. On satisfaction, the ROC will grant the fresh certificate of incorporation, the PAN and bank account details needed to be updated accordingly after receiving the approval.
At Unilex Consultants we provide you a hassle free conversion of private company into opc which would be dealt by our professionals within time frame. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.
Lesser compliances as compared to private company.
Lesser interference of stakeholders.
Smooth operations of the company.
Various exemptions under companies act 2013 for private companies.
Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.
Unilex is registered with the Ministry of Micro, Small & Medium Enterprises (MSME), a part of Government of India.
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