Hello,
I am the director of a OPC (One Person) Private Ltd company. Currently I am the sole owner.
Is it possible to induct a business partner to the company who will invest money in the company and get some stakes in the company?
I do not want to induct the person as director but as a stakeholder.
Is there any viable option?
Regards.
As the name suggest, only one individual can be a member in the One Person Company. Where the owner is willing to add another person as stakeholder and owner of the company, the same is not allowed in any OPC as the main characteristic will devastated.
The way out here is to convert the OPC into Private Limited Company. The conversion procedure can fall either under Voluntary Conversion or Mandatory Conversion.
Here, the case will fall under Voluntary Conversion, which cannot be effected before passing of 2 years after incorporation of OPC. Only after completion of Two Years from incorporation application for conversion of OPC into Private Company can be made to MCA.
Experts at LegalWiz.in are here to help you for the conversion procedure at affordable prices in transparent and hassle-free manner. Consult experts at LegalWiz.in at 89806 85509 or drop an e-mail at support @ legalwiz.in, in case of any query or doubt for free consultation.
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