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    Conversion of OPC into a private company

    Posted By : Damini / Published on : 27-Jul-2020 01:42 PM / View : 228 / Comment : 1

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    Can you please share the draft format of board resolutions and special resolutions for conversion of OPC into private limited Company
    Read more on : company private into conversion

    • Form INC-6 shall be filed by an OPC for conversion of an OPC into private or public company.

      Yes, the private company will also file form INC-6 for converting itself into an OPC. The paid up share capital of private company should not be exceeding fifty lakh rupees and should not have average annual turnover more than two crore rupees at the time of such conversion into OPC. The company shall be having one member and shall appoint one nominee to act as member in case of death or incapacity of the member at the time of conversion into OPC.

      "RESOLVED THAT pursuant to provisions of section 18 of the Companies Act, 2013 (including any amendments thereto or re-enactment thereof ) (the “Act”) read with rule no 7 of the Companies (Incorporation ) Rules 2014 and subject to the approval of shareholders and Registrar of Companies, consent be and is hereby granted for conversion of our company into a One Person Company.

      RESOLVED FURTHER THAT Mr. _______ of the company be and is hereby authorized to obtain no objection certificate from the members and creditors towards the proposed conversion and to sign, execute and submit all such documents, applications, paper in form no INC-6 along with prescribed fees for obtaining the approval of the ROC, to also file form MGT-14 with the Registrar within the prescribed time and fees pursuant to section 117 of the Act read rule no 24 of the Companies (Management and Administration) Rules 2014 and to do all the acts, deeds and things which are necessary to give effect to the above-said resolution"

      18-08-2021 / 09:27:08 AM
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