Conversion of pvt co into opc

Originally posted by : rashmi
	i have a query. want to convert private company into opc... do anyone have completed such process?

Hi,

Please go through the following article given by Top CCI Member Mr.Ankur Garg

/articles/procedures-for-conversion-of-private-company-into-opc-21255.asp

Regards,

Arjun Rajagopal

thanks for reply. i need draft documents for the conversion.

According to Rule 7 of Company Incorporation Rules, A private Company paid up share capital of Rupess 50 Lakhs Rupees or less  and average annual turnover of Rupees 2 crore or less during relevant period may convert into OPC by passing special resolution in a general meeting.

• But before passing special resolution, company shall obtain Non objection certificate in writing from its members.
• The OPC shall file copy of special resolution to ROC within 30 days of passing special resolutions in form MGT- 14.
• THEE COMPANY SHALL FILE fORM inc- 6  FOR ITS CONVERSION TO OPC BY ATTACHING FOLLOWING DOCUMENTS :

The directors of the Company have gave the declarations by way of affiadavit that all the members of the Company have gave their consent for conversion

list of Members and Secured Creditors

latest audited balance sheet and profit n loss of the company]

Copy of NOC frommembers or secured creditors.

If all the above procedure is satisfied, the ROC shall issue the certificate.