Any
sole proprietorship may easily be converted into a private limited company or a
one person company (OPC) to attain business security, legal existence, and
greater share capital for further growth of the existing business. It must be
noted that only a sole proprietorship which is registered under any local
authority or under the Shops and Establishments Act of the concerned State,
avail the quality of a separate legal existence.
On the other hand, an OPC or a
private limited company enjoys the following advantages or benefits, which are
not available to unregistered sole proprietorships --
- The right of a separate legal entity
- The benefits of limited liability
- The facility to gather greater share capital for further business growth
- Certain tax exemptions and benefits, and governmental subsidies
- Only nominal regulatory compliances boosting legal security and prestige of the company
Fortunately,now there is no recommended provisions for the minimum paid-up capital or
getting the certificate for business commencement in India for registering any
type of a company, say an OPC or a private limited company. For registering an
OPC, required are only one director and a shareholder; both can be the same
person. And for incorporating a private limited company, necessary are at least
two directors and two shareholders. Hence, depending upon one’s specific choice
and situations/circumstances, a sole proprietorship may be preferably converted
into a private limited company or an OPC. For any of these two objectives,
relevant will be the Registrar of Companies (RoC) of the related State. We
offer expert and cost-effective legal and advisory services for Convert Proprietorship Firm to Private Limited Company or opc in entire
India.
Well-based
in Delhi, our well-resourced and highly prestigious law firm has been very
famous and trusted for the full-range of legal services related with the
corporate world in India. These company law services essentially cover
the expert and efficient services for registration of all most popular types of
companies in entire India on behalf of Indian and foreign clients. All tasks
involved in the entire company registration procedure are adroitly
performed by our veteran and up-to-date company and corporate lawyers of
international fame.
To
know more, or avail our services for registration or corporate governance and
growth, please contact us through any of the following means ----
Company
Registration In India
Email:
Contact@Company-Registration.in
Call/Whatsapp: +91-
8800100284
W/www(dot)company-registration(dot)in
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