10 February 2017
Sir, I want to convert my OPC Company to Pvt Ltd Co. which is incorporated on 15/05/2016 and my authorised capital as on date Rs. 50.00 lacs . Kindly suggest how could i convert it in Pvt co.
21 February 2017
As per the Incorporation Rules, an OPC cannot voluntarily convert itself into any kind of company until expiry of 2 years from its date of incorporation, except if its paid up share capital exceeds Rs 50 lakh or its average annual turnover during the relevant period exceeds Rs 2 crores
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