Convert a Private Limited Company to an OPC
One Person Company (OPC) can be formed with only 1 owner, who acts as both the director as well as a shareholder of the company. There can be more than 1 director, but not more than 1 shareholder. For converting a Private Limited Company to an OPC, your paid-up capital and annual turnover should be less than ₹ 50 lakh and ₹ 2 Crore respectively.
Description
Documents required to convert PLC to OPC
Notice to the board of directors.
Copy of board resolution approving delivery of notice.
Copy of Altered Memorandum of Association.
Copy of Altered Articles of Association.
Declaration from directors.
List of members.
Copy of NOC from secured creditors.
Copy of NOC from detectors and shareholders.
Last audited financial statements.
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