OPC into Public Limited or Pvt Ltd Company
and Vice-Versa
For converting an OPC into private limited there should be at least 2 members and 2 directors in the company.
Advantages
- Easier to raise funds.
- Better Taxation benefits
- Efficient management
- Beneficial to both small- and large-scale businesses.
Procedure
1.Board resolution for approving the alteration of MOA AND AOA.
2.File INC-6 to the concerned ROC with the required documents
- Altered MOA and AOA
- Copy of special resolution
- The list of proposed members and its directors along with consent
- List of creditors
- The latest audited balance sheet and profit and loss account.
- Copy of NOC of every creditor with the application for conversion
- Consent of the nominee
- Copy of PAN card of the nominee and member
- Proof of identity of the nominee and member
- Residential proof of the nominee and member