CONVERSION OF OPC INTO PVT LTD

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This query is : Resolved

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When converting a One Person Company (OPC) into a Private Limited company, the PAN (Permanent Account Number) will indeed change. This is because the conversion creates a new legal entity, distinct from the original OPC. While both are types of companies, the change in legal structure necessitates a new PAN for the newly formed Private Limited entity.

PANKIL GANDHI

PANKIL GANDHI (Querist)
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15 June 2020 WILL PAN REMAIN SAME AFTER CONVERSION OF OPC INTO PVT LIMITED?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 June 2020 No, PAN will change as it's a different entity.

c.bakshi

c.bakshi (Expert)
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16 June 2020 SIR WHAT I BELIEVE PAN REMAINS THE SAME BECAUSE BOTH ONE PERSON COMPANY AND PVT LTD ARE COVERED UNDER THE MEANING OF COMPANY. CAN U ELABORATE HOW IT IS DIFFERENT?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 June 2020 I agree with you PAN will not change.

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