One man co
This query is : Open
17 June 2016
Can a old private ltd co which had Two director be converted to one man company ?
Jatin Bajaj
(Expert)
19 June 2016
yES, A PRIVATE cOMPANY CAN BE CONVERTED INTO ONE PERSON COMPANY AS PER THE PROCEDURE GIVEN BELOW :
A PRIVATE COMPANY HAVING BPAID UP SHARE CAPITAL OF LESS THAN 50 LAKHS RUPEES OR TURNOVER OF LESS THAN 2 CRORE RUPEES DURING RELAVANT PERIOD MAY CONVERT IT INTO OPC BY PASSING SR IN GENERAL MEETING
BEFORE PASSING SUCH A RESOLUTION, COMPANY HAS TO OBTAIN NON OBJECTION FROM CREDITOR AND MEMBERS
AFTER CONVERTING OPC SHALL FILE FORM MGT 14 WITH ROC WITHIN 30 DAYS OF PASSING SR.
COMPANY SHALL FILE FORM INC 6 FOR CONVERTING PRIVATE COMPANY TO OPC AS PER THE FOLLOWING ATTACHMENTS :
DECLARATION BY DIRECTORS OF THE COMPANY BY WAY OF AFFIDAVIT
LIST OF MEMBERS AND CREDITORS AS ON DATE
LATEST AUDITED BALANCE SHEET AND PNL
THE COPY OF NON OBJECTION FROM CREDITORD
ON BEING SATISFIED, ROC SHALL ISSUE THE CERTIFICATE
A PRIVATE COMPANY HAVING BPAID UP SHARE CAPITAL OF LESS THAN 50 LAKHS RUPEES OR TURNOVER OF LESS THAN 2 CRORE RUPEES DURING RELAVANT PERIOD MAY CONVERT IT INTO OPC BY PASSING SR IN GENERAL MEETING
BEFORE PASSING SUCH A RESOLUTION, COMPANY HAS TO OBTAIN NON OBJECTION FROM CREDITOR AND MEMBERS
AFTER CONVERTING OPC SHALL FILE FORM MGT 14 WITH ROC WITHIN 30 DAYS OF PASSING SR.
COMPANY SHALL FILE FORM INC 6 FOR CONVERTING PRIVATE COMPANY TO OPC AS PER THE FOLLOWING ATTACHMENTS :
DECLARATION BY DIRECTORS OF THE COMPANY BY WAY OF AFFIDAVIT
LIST OF MEMBERS AND CREDITORS AS ON DATE
LATEST AUDITED BALANCE SHEET AND PNL
THE COPY OF NON OBJECTION FROM CREDITORD
ON BEING SATISFIED, ROC SHALL ISSUE THE CERTIFICATE
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