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 […]