Converting a private limited company into a One Person Company (OPC) involves a legal process that allows a single individual to own and manage the company. Here's an overview of the steps involved in this conversion process:

1. **Board Resolution**: The board of directors of the private limited company must convene a board meeting and pass a resolution approving the conversion into an OPC. The resolution should outline the reasons for the conversion and authorize the necessary actions to proceed with the process.

2. **Shareholders' Approval**: Once the board resolution is passed, shareholders of the private limited company must convene a general meeting and obtain their approval for the conversion. A special resolution must be passed by the shareholders, with the requisite majority, to authorize the conversion into an OPC.

3. **Alteration of Articles of Association**: The articles of association of the private limited company need to be amended to reflect the change in status from a private limited company to an OPC. This may involve altering clauses related to share capital, number of directors, and other relevant provisions.

4. **Obtain Consent from the Sole Member**: In the case of an OPC, there is only one member who owns and manages the company. The sole member of the private limited company must provide written consent to convert the company into an OPC and agree to become the sole member of the OPC.

5. **Preparation of Memorandum and Articles of Association**: Prepare the memorandum of association (MOA) and articles of association (AOA) for the OPC. These documents govern the objectives, structure, and operation of the company and must comply with the provisions of the Companies Act, 2013.

6. **Filing Conversion Application with Registrar of Companies (ROC)**: File the necessary documents and forms with the ROC to register the conversion of the private limited company into an OPC. The following documents/forms are typically required:
   - Form INC-6: Application for conversion of a private company into an OPC.
   - Amended Articles of Association.
   - Special resolution passed by the shareholders.
   - Consent of the sole member.
   - Other relevant documents, such as a statement of assets and liabilities, and a declaration of solvency.

7. **Approval from ROC**: After filing the conversion application, the ROC will review the documents and, if satisfied, issue a Certificate of Incorporation for the OPC. This marks the official registration of the conversion.

8. **Compliance with OPC Requirements**: Once the OPC is registered, it must comply with the requirements applicable to OPCs under the Companies Act, 2013. This includes appointing a nominee director, filing annual returns, maintaining statutory registers, and adhering to other regulatory obligations.

9. **Communication to Stakeholders**: Notify relevant stakeholders, including clients, suppliers, creditors, employees, and regulatory authorities, about the conversion of the private limited company into an OPC. Update business documents, stationery, contracts, and agreements with the new company details.

10. **Post-Conversion Compliance**: Ensure compliance with post-conversion requirements, such as:
   - Filing of updated documents, including the amended articles of association, with the ROC.
   - Compliance with annual filing requirements, tax obligations, and other regulatory obligations applicable to OPCs.
   - Updating registrations, licenses, and permits with relevant authorities.

Overall, converting a private limited company into an OPC allows a single individual to own and manage the company, offering greater flexibility and control. However, it involves complex legal and regulatory requirements and requires careful planning, documentation, and compliance to ensure a successful conversion process.

Convert Private into OPC Company Fees