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can  a private  limited conpany   be converted in to one persone company ?If  yes what  are the rels applicable ? pl  advice 

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Yes , A private Company having paid up share capital of less than 50 Lakhs or less or average annual turnover is 2 crore rupees or les may convert itself into one person Company by passing special resolution in general meeting.

but before passing special resolution company shall obtain NOC from members and creditors

OPC shall file copy of sr within 30 days to ROC in MGT 14

The Company shall file an application in Form INC 6 FOR CONVERSION OF opc BY COMPLYING WITH FOLLOWING ATTACHMENTS

AFFIDAVIT BY DIRECTORS OF THE COMPANY

LIST OF MEMBERS AND CREDITORS

LATEST AUDITED BALANCE SHEET AND PNL

COPY OF NON OBJECTION CERTIFICATE FROM CREDITORS

it's AND condition sir... not OR condition.. PSC 50L or less and TO 2 Cr or less


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