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One person company

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Guest (Querist)
11 January 2014 Dear All,

Can an existing private limited company be converted into One Person Company?
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@VaibhavJ

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@VaibhavJ (Expert)
11 January 2014 Hi

Yes, u/s 3 it has legal validity so you can convert pvt ltd co. to OPC.

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Guest (Querist)
11 January 2014 Hi,

Where exactly is it mentioned that an existing company can be converted.

Could not find the relevant extracts.
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@VaibhavJ

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@VaibhavJ (Expert)
11 January 2014 Pl refer article: https://www.caclubindia.com/articles/one-person-company-18333.asp

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Guest

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Guest (Querist)
11 January 2014 Hi,

it is no where mentioned that an existing company can be converted.

if it is so,then one of the directors out of two will have to resgin and such proceure is not mentioned.

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