One person company
This query is : Resolved
D. Krishna
(Querist)
16 December 2014
Dear Experts
It's possible to convert OPC into Ltd. or Pvt Ltd. Company.
17 December 2014
Yes. In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover exceeds during the relevant period exceeds two crore rupees, then the OPC has to mandatorily convert into private or public company.
Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company.
Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company.
17 December 2014
https://www.mca.gov.in/MinistryV2/OPCfaq.html
Check out the FAQ on OPC from above link of MCA Website.
Check out the FAQ on OPC from above link of MCA Website.
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