Now even a single person can incorporate his/her own company. One person company is a very new and interested concept in India which has been introduced by the Companies act, 2013. Earlier under the Companies Act, 1956 there is a requirement of minimum no. of 2 shareholder and directors to form a new company but now even a single person can incorporate a company.

A Private Limited Company can be converted into One Person Company, as per the Companies Act, 2013.

A private company whose paid up share capital is 50 lakhs or less than 50 lakhs or average annual turnover for relevant period is less than 2 crores rupees or less than 2 crore rupees may convert itself into One Person Company.

A section 8 company can’t convert into itself into One Person Company.

• 1. Conduct a Board Meeting : A board meeting will be conducted to get in-principle approval of directors for conversion of private company into One Person Company (OPC).
• 2. Notice of General Meeting : As per section 101 of Companies Act, 2013 a notice shall be given to conduct a general meeting.
• 3. Conduct General Meeting : On fix date and fix time a general meeting shall be conducted to pass a special resolution (Section-114(2)) by shareholders of the company for conversion of private company into One Person Company (OPC). MGT-14 needs to filled to ROC within 30 days as Special resolution passed by shareholders.
• 4. INC-6 : Now INC-6 will be filled to ROC, An application to ROC for conversion of private company into OPC.

Once ROC verify that all the compliances has been met in proper manner. Registrar shall issue the Certificate to the effect of Conversion of Private Company into One Person Company (OPC)