Conversion of a Private Company into an One Person Company (OPC)

In recent years, the concept of One Person Company (OPC) has gained significant popularity as a suitable business structure for individuals who wish to start a business on their own. An OPC provides the advantages of limited liability and separate legal entity status, similar to a private company, while allowing a single person to own and manage the business. For entrepreneurs looking to convert their existing private company into an OPC, there are certain procedures and requirements to be fulfilled. This article explores the process of converting a private company into an OPC in detail. To begin the conversion process, […]