MENTION ABOUT ONE PERSON COMPANY REGISTRATION

MENTION ABOUT ONE PERSON COMPANY. ONE PERSON COMPANY One Person Company is the company which mentions about single proprietorship, it also mentions all the business are carried out in an individual manner, it is categorized into two types they are private limited company and public limited company. OPC can convert itself into either public limited or private limited company. The private company mentions about 2 […]

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Rules and Regulations to Incorporate One Person Company

Rules and Regulations to Incorporate One Person Company

Rules and Regulations to Incorporate One Person Company Under Companies Act 2013 In chapter two of 2013, all the sections should be read with the company rules 2014.  All the 35 rules that are presented in companies rules 2014 has pertained to the incorporation of the company.  From rule number 3 to 7, it is about One Person Company. These five rules are reproduced below. III […]

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Convert one person company into a private or public company

As provided in rule 6 of the companies (incorporation) rules 2014. Where the paid up capital of the one person company (OPC) exceeds fifty lakes. The average turnover during the relevant period exceeds Rs. 2 crores. It shall cease to be a one person company. It may please be noted that the above rule 6 has been amended by the companies (incorporation) rules 2015. It […]

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