The Process of Conversion of a Private Company to OPC

An already registered personal employer may be transformed into OPC (One Person Company) pursuant to segment 18 of the Companies Act 2013. However, earlier than conversion take a look at the subsequent situations stipulated below the Act and the rules: That the paid-up capital of the employer to be transformed into OPC need to be much less than Rs. 50 Lacs. That the once-a-year turnover of the employer to be transformed to OPC have to be much less than Rs. 2 crores throughout the beyond 3 consecutive monetary years. Note in case the employer has now no longer finished its […]

Benefits of Converting a Private Limited Company to OPC

What Is a Private Limited Company? Small businesses can incorporate as a private limited company (PLC), which is an organization that is privately held. A company’s liability is limited to the number of shares that it holds. As a result of this article, you will find out all about forming a private limited company, including the fact that it cannot be exchanged publicly. Limited liability companies, or LTDs, are common business structures that have a maximum number of 50 shareholders and do not trade their shares publicly. A private limited company consists of a number of advantages, such as limited […]