OPC to Private Limited Company

Converting One Person Company to a Private Company can open avenues to pursue additional benefits such as fund raising. An OPC can voluntarily convert itself only after 2 years of its incorporation. The application of conversion is made to Central Government after alternation of MOA and AOA of the OPC. The legal existence of the company continues even after the conversion and so do their rights and liabilities. With its conversion into Private Company, minimum 2 shareholders and directors must be appointed to fulfil the minimum requirement. Conversion helps with the growth opportunities along with additional funding options of private placement funding, ESOP and many more.