Private Limited Company Conversion to OPC Conditions Natural persons should make up the new OPC. The new OPC will be open to anyone who’s a citizen of India, or who has spent 120 days in India during the once fiscal time, and who’s suitable to contribute to India’s developmentĀ There should be no conflict of … Read More “Process for Converting a Private Corporation Into an OPC” »
Tag: Conversion of Private Company into OPC
Conversion PLC to OPC
Conversion PLC to OPC
According to the Companies Act of 2013, which creates a mechanism to convert one class of company into another, the conversion of a PLC (Private Limited Company) into an OPC (One Person Company) is permitted. Beginning on April 1, 2014, Section 18 of the Act expressly permits the conversion of a private limited company that … Read More “Checklist Requirements for PLC to OPC Conversion” »