Private Limited to OPC

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CONVERSION OF PRIVATE LIMITED TO OPC

To complete the conversion, Form INC-6 must be filed for the conversion to One Person Company with the following documents:

  • Directors declaration by way of affidavit duly sworn in confirmation that all members and creditors of the company have given their permission for conversion

  • Declaration that the paid up share capital company is fifty lakhs rupees or less and/or average annual turnover is lesser than two crores rupees.

  • List of members

  • List of creditors

  • Most recent Audited Balance Sheet and the Profit and Loss Account

  • Copy of no objection letter of secured creditors.   

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Required Documents for Conversion

  1. Directors declaration by way of affidavit
  2. Declaration that the paid up share capital company is fifty lakhs rupees or less
  3. List of members
  4. List of creditors
  5. Most recent Audited Balance Sheet and the Profit and Loss Account
  6. Copy of no objection letter of secured creditors.

Following conditions are required for conversion of Private Limited Company to an OPC .

  • The paid up capital should not exceed Rs. 50 Lakhs
  • Average annual turnover of the private company for three years should not exceed Rs.2 Crore

Procedure for converting Private Limited Company into OPC is as follows  -:

  • Obtain NOC from members and creditors of the Private Limited Company
  • Pass a Special Resolution for conversion
  • File Special Resolution in Form No. MGT.14 with ROC
  • File fees and application in Form No. INC.6 and supporting documents with ROC

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