for one person into private limited company
Informing the Registrar of the companies The registrar of the companies is informed about the conversion from OPC into a private limited company.
Resolution Passing: The general meeting is then held which is used to pass the resolution of the company which will include the process of increasing the directors and the shareholders of the company.
It is mandatory to have atleast seven shareholders, three directors and capital of 5 Lakhs.
After this a board resolution is passed which verifies the Memorandum of Association and the Articles of Association of the company which is drafted as according to the private limited company
Then the application for the conversion is sent to the Registrar of companies
After the registrar verifies the application, the certificate for a Private limited Company si granted to the company