One can convert convert OPC into a Private Company only after 2 years of the incorporation.
Following are the steps to convert OPC into a company:
- To pass a board resolution and then a special resolution in the company
- Alter the MOA and AOA to enter the clauses of private limited company
- Increase the number of members and directors that is minimum 2 shareholders and 2 directors
- File the conversion form with MCA with necessary attachments
- Make application for new PAN
- Apply for changes in other registrations of the company
- Buy new stationery for the company including new details
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