The realm of business and entrepreneurship is a dynamic and ever-evolving landscape. Over time, new legal frameworks and structures have emerged to cater to the diverse needs of aspiring business owners. One such evolution is the transition from a Private Limited Company to a One Person Company (OPC). This transformation presents a unique opportunity for…
Tag: board resolution for conversion of opc into private limited company
Board Resolution for Conversion of OPC Into Private Limited Company
An already registered private corporation can be converted into OPC (One Person Company) pursuant to phase 18 of the Companies Act 2013. However, in advance than conversion test for the following conditions stipulated underneath the Act and the rules: That the paid-up capital of the corporation to be converted to OPC wants to be plenty…