Procedure for Converting Private Limited Company to OPC

Conditions for a Conversion of Private Limited Company to OPC

– A natural person should be a member of the new OPC – A citizen of India, or someone who has spent 120 days in India in the previous financial year, should be a member of the new OPC – The OPC member should not be a member of another OPC or a nominee for another OPC – A minor is not permitted to join or be a part of OPC

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Procedure for Conversion of Private Company Into OPC

– Call for a board meeting – Hold board meeting – Call for EGM – NOC from creditors – Hold EGM – Form filing to RoC – Issue of share certificate

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Form MGT-14

– The EGM notice, along with a copy of the explanatory statement – A true certified copy of the special resolution – The company’s amended Memorandum of Association (MoA) and Articles of Association (AoA)

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