Private Limited To One Person Company
How To Convert a Private Limited Company To One Person Company
It needs to be understood that a One Person Company (OPC) is a company with a single owner who assumes the position of a director and shareholder of the company. The minimum prerequisite to convert to an OPC is that the annual turnover capital is less than 50 lakhs.
Procedure For Conversion Of Private Limited Company Into One Person Company
If a co-founder is leaving a private limited company, then it is necessary to convert a private limited company to a one-person company (OPC). Conversion of Private Company into One Person Company prescribed under the Companies Act, 2013.
The required documents for converting a Private Limited To One Person Company In Hyderabad & Bengaluru require the following steps:
- Conduct Board Meeting
- Extra-Ordinary General Meeting
- File MGT-14
- File for Conversion