When converting an One Person Company (OPC) to a Private Limited company, it is considered a newly formed entity, and the Memorandum and Articles of Association (MOA & AOA) will be updated. While a fresh certificate of incorporation is issued, any previous liabilities incurred by the OPC will remain with the company.
29 May 2020
Once the opc is converted to private limited company will it be considered a newly formed company? Will the MOA and AOA change with the formation? I have made some mistakes like not paying rent for my office address (the owner has no objection) and not paying professional tax for a year, if i convert my opc will those mistakes cause problems for the newly formed company in the future? Thank you for your time.