Conversion of OPC to private or public limited

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    OPC to private or public limited

    Voluntary ConversionCompulsory Conversion
    1At least two years must have elapsed since incorporationShall have to mandatorily convert itself in case paid up capital exceeds Rs.50lakhs and average annual turnover of preceding three years exceeds Rs. 2 crores.
    2Application in Form INC-6Notice of conversion in Form INC-5
    3Shall have to increase the number of shareholder and director to the requisite limits Application in Form INC-6
    4Shall have to increase the number of shareholders and directors to the requisite limits.
    1. Give notice to Directors along with the agenda and notes on agenda to convene the Board Meeting at least seven days before the date of the meeting in compliance with the Secretarial Standards I to consider the conversion.
    2. Convene Board Meeting for the following
    3. Decide upon the day, time, date and place to convene extra ordinary general meeting (“EOGM”)
    4. Approval of draft notice to convene EOGM.
    5. Approve the draft memorandum of association
    6. Approve the draft articles of association.
    7. Vesting authority to ensure compliance.
    8. The resolution shall be communicated to the member and entered in the minutes book and signed and dated by the member and such date shall be deemed to be the date of the meeting for all the purposes in accordance with Section 122 of the Act.
    9. File Form MGT-14 within 30 days of passing the resolution.


    1MGT-14 500


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