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Convert a Pvt. Ltd. Company to a One Person Company

To convert a Private Limited Company into a One Person Company, a Private Limited Company needs to have a capital of less than 50 lakh. Additionally, it has to have a yearly turnover of less than two crores. Furthermore, appointing a nominee is mandatory. However, the process of converting an OPC to a Private Limited Company takes time, but it is essential that it be completed in a period of 25 days.

Advantages of Setting Up a Convert a Pvt. Ltd. Company to a One Person Company :

  • Separate Legal Entity
  • Limited Liability of Shareholder
  • Immensely helpful for entrepreneurs who want to work alone
  • Reduced paperwork and compliances
  • Perpetual Succession
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