A Private Limited company can convert itself to a One Person Company if it satisfies few conditions. A private limited company, if it's paid up share capital is upto 50 lakh and its turnover doesn't exceed 2 crores it can convert itself to One Person Company.
1. Decision making becomes easy as there is only one person to make a decision. This makes decision-making process really fast and time is utilized in other productive assignments.
2. ROC and annual compliances are very less for One person company.
3. Work related to annual filing, share certificate etc. are reduced for One Person Company.
4. One person company doesn't need to hold an annual general meeting and doesn't need to comply with many other legal requirements which are mandatory for Private Limited Company.
Swarit Advisors Working Steps
Share your Contact Details and receive free consultation.
Make Online or Offline Payment for your Order.
Submit Documents for your Order Using Online Dashboard.
Work will be completed by us and updates delivered Online.
Swarit Advisors has amazed me with outstanding service and support during our NBFC Business set-up. In my 10 years of corporate experience, I have not seen such a proficient establishment. Keep the energy up team Swarit Advisors.
Excellent service! They helped me to incorporate my new company. Also, they gave great response and was ready to solve all my queries. I will definitely recommend this firm to my friends.
Excellent customer service. They are Auditor for Last 10 years. We found a team as energetic and mad for the customer. They are available even in late hours. you can call them to meet they never ask you to pay. they deliver a high level of consulting services. As well they work like partners. they advise us on each business decisions. I highly recommend Swarit advisors to my friends, partners and associates.
Our Valuable Clients
Subscribe for our Newsletter