OPC to Private Limited
Changing One Person Company over to a Private Company can open roads to seek after extra advantages, for example, gathering pledges. An OPC can intentionally change over into PLC without satisfying the models of settled up share capital and normal yearly turnover. The use of transformation is made to Central Government after rotation of MoA and AoA of the OPC. The legitimate presence of the company go on even after the transformation thus do their privileges and liabilities. With its change into Private Company, least 2 investors and chiefs should be named to satisfy the base necessity. Change assists with the amazing learning experiences alongside extra subsidizing choices of private arrangement financing, ESOP and some more.
Document Required
- PAN Card
- Identity Proof
- Address Proof
- Photograph
- Financial Statements
- Incorporation documents of the OPC
- NRI: In case of NRI or Foreign National, documents of partner must be notarized or apostilled
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Benefits of Conversion of OPC to a Private Limited Company
- Easier to Raise Funds
- Taxation Benefits
- Limited Liability of Owners
- Separate Legal Existence