Private Limited to One Person Company

Private Limited to One Person Company

The conversion of Private limited company into One Person Company (OPC) is authorized under the Companies Act, 2013. A Private limited company can be converted into an LLP only if the company has a paid-up capital less than Rs.50 lakh and an annual turnover below Rs. 2 crores for the past three consecutive years.

Easy Investment

Limited liability

Grow big

Expand Faster

Advantages of One Person Company

Limits Director’s Liability

Every business needs some form of investment to keep the business alive, and mostly they go for procuring loans.

Continuous Existence

A sole proprietorship company cease to exist after the death of the business owner. But, in case of an OPC which operates as a separate legal entity would pass on the nominee director and continue to exist.

Fewer Compliances

OPC is completely controlled and managed by a single owner with few compliances to be followed. So, annual filings are much reduced, as is work relating to share certificates and the statutory registers.