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Conversion from opc to pvt. ltd.

Ashish Shah (Practicing Company Secretary) (42 Points)

31 October 2018

Hello Friends

Any one have idea to Conversion of OPC to Pvt ltd. Company. Kindly Provide procedure and List of Docs, Also if any one do the same tell me company Name.

Thanks

Ashish Shah

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2 Replies

Anjali Kolse (103 Points)
Replied 31 October 2018

whether the OPC exceeds the limits as set out in the definition.i.e exceeds ₹50 lacs of p.u.sh.cap or ₹2cr turnover,it gets converted.
Further it shall increase the number of members to 2 in case of Pvt limited company.
Also, the MOA & AOA of company shall be suitably amended to give effect of such conversion.
Notice submitted to REGISTRAR in form INC 5 withing a period of 60 days from the date it ceased to be an OPC.
Maintain min paid up share capital as given under the act also increase the minimum number of directors to 2 In case Pvt Ltd company.

Hope it will help you.