Regarding rule 6 of companies (incorporation) rules 2014
This query is : Resolved
Manisha Singla
(Querist)
10 February 2017
Sir,
I want to convert my OPC Company to Pvt Ltd Co. which is incorporated on 15/05/2016 and my authorised capital as on date Rs. 50.00 lacs . Kindly suggest how could i convert it in Pvt co.
I want to convert my OPC Company to Pvt Ltd Co. which is incorporated on 15/05/2016 and my authorised capital as on date Rs. 50.00 lacs . Kindly suggest how could i convert it in Pvt co.
CS Mitesh Mehta
(Expert)
21 February 2017
As per the Incorporation Rules, an OPC cannot voluntarily convert itself into any kind of company until expiry of
2 years from its date of incorporation, except if its paid up share capital exceeds Rs 50 lakh or its average annual turnover during the relevant period exceeds Rs 2 crores
2 years from its date of incorporation, except if its paid up share capital exceeds Rs 50 lakh or its average annual turnover during the relevant period exceeds Rs 2 crores
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