Convert Proprietorship to OPC

Convert Proprietorship to OPC

Best solution for Convert Proprietorship to OPC

Convert Proprietorship to One Person Company (OPC) is a legal process that involves registering a new business entity as an OPC and transferring the assets, liabilities, and legal rights of the existing proprietorship to the newly registered OPC.

The OPC is a type of company structure in India that is designed for small businesses with a single promoter, providing a separate legal entity with limited liability protection to the owner. The process of conversion requires complying with the provisions of the Companies Act, 2013 and involves obtaining various approvals and registrations from the concerned authorities.

If you're looking to Convert Proprietorship to OPC Service Provider, you can seek the services of a professional OPC service provider. We can assist you with the necessary paperwork, legal formalities, and compliance requirements for the conversion process.

Convert Proprietorship to OPC

Best Way for Conversion Proprietorship firm to One Person Company ?

We work closely with our clients throughout the conversion process to ensure that all the necessary documentation is prepared and submitted on time. We also offer transparent pricing and provide a clear breakdown of all the costs involved in the conversion process upfront, ensuring that there are no surprises along the way. Our team of professionals is committed to providing dedicated support to our clients throughout the conversion process. We are available to address any queries or concerns that our clients may have, ensuring that they have the best possible experience.

The following are the required documents for Conversion of Proprietorship to OPC in India:

  • PAN Card of the Proprietor and Director
  • Aadhaar Card of the Proprietor and Director(Voter ID or Driver license, or Passport)
  • Voter ID or Passport of the Proprietor and Director(Bank statement or electricity bill or telephone bill)
  • Proof of Registered Office Address
  • NOC from the owner of the registered office premises
  • Sale Deed or Property Deed (in case the registered office is owned)
  • Rental Agreement (in case the registered office is rented)
  • Memorandum of Association (MOA) and Articles of Association (AOA) of the OPC
  • Affidavit from the Director declaring that he/she has not been convicted of any offence
  • Consent of the nominee for being appointed as the nominee Director
  • Bank Statement of the Proprietorship for the last three months.
  • Copy of Income Tax Returns filed by the Proprietor for the last three years
  • Financial Statements of the Proprietorship for the last three years

Legal Dev Is Top for Covert Proprietorship to One Person Company in India ?

So, if you are looking to convert your Proprietorship firm to an OPC Company in India, look no further than Legal Dev. Our expertise and commitment to client satisfaction make us the ideal choice for your conversion needs. Contact us today to learn more about our services and how we can assist you with the conversion of your Sole Proprietorship into an OPC.

Let's Clear All The Doubts !

The process involves registering a new OPC and transferring the assets, liabilities, and legal rights of the existing proprietorship.

The main advantage is that an OPC provides a separate legal entity with limited liability protection to the owner.

No, it is not mandatory, but it is recommended for small businesses with a single promoter who wants limited liability protection.

OPCs are required to comply with various provisions of the Companies Act, 2013 and file regular annual returns.

The conversion process can take anywhere between 15-30 days, depending on the time taken for approvals and registrations.

The time required to convert an OPC into a Private Limited Company depends on various factors and can take several weeks to complete

The required documents for conversion include the Memorandum and Articles of Association, PAN card of directors, identity proof, address proof, and other incorporation documents.