Every person who registers an OPC eventually dreams of converting it into a Private Limited Company. This is due to the reason that a Pvt. Ltd. Company has better reputation and more exposure in the business world and is the most popular form of companies across the world. If you wonder how to convert opc into pvt ltd company, this guide will help you.
One thing you must remember that before planning to convert your OPC into a private limited firm, you must meet certain requirement. Generally, an OPC cannot be converted into a Pvt Ltd company if it has not completed two years of incorporation. The conversion procedure is explained in Companies Act 2013, under section 18 and Rule 7(4), which requires following steps:
Meeting the Necessities: