Conversion of OPC to Private Limited Company
Posted By :
Sachin /
Published on :
28-May-2021 10:53 AM /
View :
263 /
Comment :
0
Dear Members,
We are in the process of converting an OPC to a Private Limited company. The company has presently 3 directors and 1 member.
Rule 6(2) of Companies (Incorporation) Rules,2014 states that " A One Person company may be converted into a Private or Public Company, other than a company registered under section 8 of the Act, after increasing the minimum number of members and directors to two or seven members and two or three directors, as the case may be, and maintaining the minimum paid-up capital as per the requirements of the Act for such class of company and by making due compliance of section 18 of the Act for conversion. "
My doubts are:
since the company has only one member, do we need to appoint one more member first (either by allotment of shares by filing Form PAS 3 OR by transfer of shares) and then proceed for conversion?
Further, it is stated in the rule regarding the minimum paid-up capital to be maintained by the company as "maintaining the minimum paid-up capital as per the requirements of the Act for such class of company". The requirement of having minimum paid-up capital for private and public companies was removed in the year 2015. Kindly let me know what should be minimum paid-up capital for conversion.
Please advise.
Read more on : company limited private conversion
-
-
Posted By : Sachin /
Published on :
07-Dec-2022 06:08 AM /
View :
741 /
Comments : 2
Hi Everyone,
Will the following person is considered as a Related Party in a Private Company:
1. Private Trust who is a shareholder of the Pvt Company
2. Public Trust who is a shareholder of the Pvt Company
Click here to view / answer Share it on
-
Posted By : Sachin /
Published on :
07-Dec-2022 06:07 AM /
View :
574 /
Comments : 4
Dear All,
Kindly explain if the auditor of the company has resigned and if we have also appointed a new auditor in EGM and also has filed ADT-1, then
1. in next AGM, do we require to file ADT-1 again after ratification??
2. From where the tenure of 5 years shall start: from the year of EGM or from the year of AGM??
Click here to view / answer Share it on
-
Posted By : Sachin /
Published on :
07-Dec-2022 06:05 AM /
View :
821 /
Comments : 6
Dear all,
What are the consequences of not regularizing Additional Director in Annual General Meeting. What can be solution to get rid of additional fee?
Click here to view / answer Share it on
-
Posted By : Sachin /
Published on :
01-Dec-2022 04:41 AM /
View :
444 /
Comments : 0
Hi,
Company A is a Public Limited registered on 2019, with 7 share holders out of which 3 are promoters. As per the requirements the Company take ISIN and demated the shares of 4 share holders (promoters and directors). Further the company has increased capital and allotted new shares and added new shareholders too. The initial subscriber (3) shareholders holding less than 1% is not open demat account and not complied with the procedures even after follow-ups and they were not responding to companies communications. What are your thoughts? whether its a mis compliance if 100% shares are demated? Is there any ways available to forfeit that shares? Or to transfer to IEPF?
Click here to view / answer Share it on
-
Posted By : Sachin /
Published on :
29-Nov-2022 04:32 AM /
View :
448 /
Comments : 3
Dear Professionals,
Can anyone suggest me the documents for increase in capital contribution in LLP.
Click here to view / answer Share it on
-
Posted By : Sachin /
Published on :
29-Nov-2022 04:27 AM /
View :
384 /
Comments : 0
Dear Members,
The Number of Directors fall below 5 in producer co due to death of 1 director & company has appointed another due to this vacancy after 6 month is this amount noncompliance?
As per AOA the minimum requirement for director is 5.
Click here to view / answer Share it on
-
Posted By : Sachin /
Published on :
28-Nov-2022 07:12 AM /
View :
415 /
Comments : 0
Dear Professionals,
Being a PCS before affixing DSC of any Promoter on any Form under Companies Act. is it mandatory to take written Authority Letter for the same?
Thanks,
Click here to view / answer Share it on
-
Posted By : Sachin /
Published on :
28-Nov-2022 07:03 AM /
View :
484 /
Comments : 8
Dear Professionals,
Is DPT-3 Applicable on OPC Companies Also?
Thanks
Click here to view / answer Share it on
Unanswered Queries
Latest Queries
Popular Queries
Blogs
Like us on Facebook
Follow Us on Twitter
Copyright © 2024 Compliance Calendar LLP. Developed By