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Category: OPC

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OPC

Rules and Regulations to Incorporate One Person Company

by AdminLeave a Comment on 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 …

OPC

Convert one person company into a private or public company

by AdminLeave a Comment on 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 …

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