Market Price: ₹1400
World Legal India Price: ₹1111
Legal process to convert a sole proprietorship business into a One Person Company (OPC) under the Companies Act, 2013.
Market Price: ₹1400
World Legal India Price: ₹1111
Legal process to convert a sole proprietorship business into a One Person Company (OPC) under the Companies Act, 2013.
Structure for Document:
Title: Convert Proprietorship to OPC
Description: Short description (max 30 words)
Content: 150–200 word detailed explanation
Process Steps (optional):
Obtain DSC and DIN for the proposed director
Draft MOA and AOA suitable for OPC
File SPICe (INC-32) along with MOA and AOA with ROC
Transfer proprietorship assets, liabilities, and operations to OPC
Obtain certificate of incorporation and update statutory records
pdf details here...
Converting a proprietorship into a One Person Company (OPC) allows a business owner to enjoy the benefits of a separate legal entity while retaining sole ownership. The OPC structure provides limited liability protection, meaning the owner’s personal assets are protected from business liabilities. The process involves obtaining a Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed director of the OPC. The business owner then applies for incorporation using SPICe (INC-32), along with a Memorandum of Association (MOA) and Articles of Association (AOA) tailored for a single-member company. Once the ROC approves the application and issues the certificate of incorporation, the proprietorship’s business operations, assets, and liabilities can be transferred to the OPC. Professional guidance is recommended to ensure accurate documentation, compliance with statutory formalities, and smooth transfer of business operations. Converting to an OPC enhances credibility with banks, investors, and clients, provides perpetual succession, and facilitates growth opportunities while maintaining control with a single owner. Proper conversion ensures legal recognition and structured governance under the OPC framework.