Many sole entrepreneurs are attracted to the new concept of One Person Company because of its advantages of sole ownership and low compliances. But with the growth of the business and revenue, more requirements are needed which will be achieved by the conversion of the company.
The following links make you understand better with the required steps for the possible conversion of One Person Company into other business entity:
As per the provisions of the Companies Act, 2013 and Companies Rules, an OPC can be converted only into private limited company or public company by way of mandatory conversion or voluntary conversion.
No Hidden Charges
Track Your Order