Convert Proprietorship to OPC

Evolve your proprietorship and tap on to the OPC advantage

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    Convert Proprietorship to OPC

    A One Person Company (OPC) offers a more advanced and beneficial alternative to a sole proprietorship. It is an ideal structure for medium-sized businesses. Converting from a sole proprietorship to an OPC is a wise strategic move. This setup enables the sole promoter to maintain full control over the company while limiting personal liability, thereby safeguarding personal assets. In an OPC, the owner acts as the shareholder. Similar to a Private Company, an OPC can designate an independent individual to oversee its management. Moreover, appointing a nominee is mandatory for an OPC.

    Benefits of OPC over sole proprietorship

    Separate Legal Entity hence limited liability

    Protecting the company's assets ensures that the owner's liability is confined to the extent of their personal shareholding.

    An easy to manage structure

    The OPC structure is simplified by having just one member. There is no requirement to hold annual or extra general meetings. With a single person holding decision-making power, there is no need to obtain approval from others.

    Opens better business avenue's

    Large enterprises frequently opt to work with OPCs rather than sole proprietorships. An OPC is registered in a manner similar to a private company, and private companies are generally viewed as trustworthy, making it simpler to secure funding from financial institutions. This structure also enhances trust and credibility with suppliers and customers.

    Organized Structure

    An OPC offers a framework similar to a private limited company, providing both organizational structure and the benefit of limited liability. In comparison, a sole proprietorship does not have this level of structured organization.

    Documents Requirement

    Identity Proof

    Scanned copy of PAN Card of all directors, nominee and Aadhar card/ Voter ID/ Passport/ Driving License.

    Consent of nominee

    Written consent of nominee is required to be filed with the Registrar of Companies (RoC)

    Address Proof

    Latest Bank statement/ Utility bill in the name of director and nominee which should not be older than two months

    Passport size photograph

    Latest Passport sized photograph of the directors and nominee.

    Registered Office Proof

    No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property)

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    Convert into OPC in 3 easy Steps

    1. Answer Quick Questions
    • It takes less than 10 minutes to fill in our questionnaire
    • Provide basic details & documents required for registration
    • Make payment through secured payment gateways
    2. Experts are Here to Help
    • Assigned Relationship Manager
    • Procurement of Digital Signatures (DSC)
    • Application for Name Reservation
    • Drafting Documents including MOA and AOA
    • Certificate of Incorporation
    3. Your Private Limited Company is Registered
    • All it takes is 12-15 working days*

    Process of converting Proprietorship to OPC

    Day 1

    • Application for Digital Signature Certificate

    Day 2 - 4

    • Checking Name availability
    • Application for Name Reservation under “RUN”
    • Reservation of Name

    Day 5 - 8

    • Drafting of MoA, AoA & other documents
    • Payment of Stamp Duty
    • Notarisation of required documents

    Day 9 - 10

    • Filing application for company registration
    • Application for DIN Allotment
    • Application for PAN and TAN of company

    Day 11 - 15

    • Government processing time

    Proprietorship to OPC