Conversion of Sole Proprietorship to OPC

998399

*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.

Price Contact for price
Services covered :
  • Name Reservation
  • Drafting MOA and AOA
  • Company Incorporation
  • DIN Application
  • PAN and TAN Application
  • GST Registration
  • PT Registration for company incorporated in Maharashtra
Documents Required :
  • PAN Card of Shareholders and Directors. Foreign Nationals Must Provide A Passport.
  • Voter ID/ Passport/ Driving License of Shareholders and Directors
  • Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors
  • Latest Passport Size Photograph of Shareholders and Directors
  • Latest Electricity Bill/ Telephone Bill of The Registered Office Address
  • Duly Certified Copy of Latest Audited Financial Statements
  • ITR Of Proprietor

FAQ ()

Question : For how long is the Company incorporation valid for?
Answer : Once a Company is incorporated, it will be active and in-existence as long as the annual compliance is met regularly. In case, annual compliance is not complied with, the Company will become a Dormant Company and may be struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
Question : What are the compliance requirements for OPC?
Answer : An OPC limited by shares must comply with the following requirements:
o Must have a minimum authorized share capital of ₹ 1 Lac.
o Transfer of shares to anyone else is not allowed.
o An OPC is prohibited from giving any invitations to the public to subscribe to the securities of the company.
When the OPC limited by shares or by guarantee, enters into a contract with the sole member of the company who is also the director of the company; the terms of contract or offer must be recorded in writing. Also, the same must be contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact.
An OPC must inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval.
Question : Can an individual apply for more than OPC at a time?
Answer : No, an individual can form only one OPC at a time. The rule is the same for the nominee director too.
Question : Is OPC a small Co?
Answer : The OPC is also a type of Private Limited Company, but with little distinctness. Similar to Private Limited Company, OPC Registration and its operations are governed by the Indian Companies Act, 2013.
Question : Can OPC issue Share?
Answer : Shares can be issued only to the single shareholder of that OPC not to anyone else.
Question : Can OPC have more than one director?
Answer : The minimum number of director required in OPC is one. However, OPC can have as much as fifteen directors and it can go beyond such limit after complying with prescribed requirements.

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