Conversion of private limited to one person company.
This query is : Resolved
18 June 2014
Dear All,
What is the whole procedure for changing Private Ltd. into One Person Company.
What is the whole procedure for changing Private Ltd. into One Person Company.
18 June 2014
PROCEDURES FOR CONVERSION OF PRIVATE COMPANY INTO OPC
Conversion of Private Company into One Person Company.
1) A private company other than a company registered under section 8 of the Act having paid up share capital of 50 lakhs rupees or less or average annual turnover during the relevant period is 2 crore rupees or less may convert itself into one person company by passing a special resolution in the general meeting.
2) No objection in writing from members and creditors is required before passing resolution.
3) A Copy of special resolution in form MGT.14 has to be filed with Registrar within 30 days of passing special resolution.
4) The company shall file an application to the Registrar along with the following documents:
i. The directors of the company shall give a declaration by way of affidavit duly sworn in confirming that all members and creditors of the company have given their consent for conversion, the paid up share capital company is 50 lakh rupees or less or average annual turnover is less than 2 crore rupees, as the case may be;
ii. The list of members and list of creditors;
iii. The latest Audited Balance Sheet and the Profit and Loss Account; and
iv. The copy of No Objection letter of secured creditors.
Thanks
Ankur
Conversion of Private Company into One Person Company.
1) A private company other than a company registered under section 8 of the Act having paid up share capital of 50 lakhs rupees or less or average annual turnover during the relevant period is 2 crore rupees or less may convert itself into one person company by passing a special resolution in the general meeting.
2) No objection in writing from members and creditors is required before passing resolution.
3) A Copy of special resolution in form MGT.14 has to be filed with Registrar within 30 days of passing special resolution.
4) The company shall file an application to the Registrar along with the following documents:
i. The directors of the company shall give a declaration by way of affidavit duly sworn in confirming that all members and creditors of the company have given their consent for conversion, the paid up share capital company is 50 lakh rupees or less or average annual turnover is less than 2 crore rupees, as the case may be;
ii. The list of members and list of creditors;
iii. The latest Audited Balance Sheet and the Profit and Loss Account; and
iv. The copy of No Objection letter of secured creditors.
Thanks
Ankur
18 June 2014
Sir,
Apart from above are the other formalities like Alteration in memorandum, alteration in articles, changing of name are applicable.If yes than please provide the detail formalities.
Apart from above are the other formalities like Alteration in memorandum, alteration in articles, changing of name are applicable.If yes than please provide the detail formalities.
18 June 2014
I do not have the documents required for conversion. I think for that you should get in touch with a professional firm of CA or CS.
Thanks
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Management System (IMS)
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Gift Received from nonblood relative
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
