Conversion of pvt. co. to one person company
CA Pooja Agarwal (Chartered Accountant) (3228 Points)
23 February 2015CA Pooja Agarwal (Chartered Accountant) (3228 Points)
23 February 2015
Deepak Gupta
(CA Student)
(15922 Points)
Replied 23 February 2015
A private company (other than a section 8 company), having paid up share capital of Rs. 50 lakhs or less or average annual turnover during the immediately preceding 3 consecutive financial years is Rs. 2 crore or less, may convert itself into one person company by passing a special resolution in the general meeting.
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- To know more, refer to Rule 7 of the Companies (Incorporation) Rules, 2014.
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