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Conversion of company

Namrata jhajhria (4 Points)

01 February 2020

can we convert public limited company into one person company ??

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CS Rashi Jain (Practicing Company Secretary @ RASHI JAIN & ASSOCIATES) (1295 Points)
Replied 19 March 2020

No we cannot convert Public Limited company into One Person Company

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Taxolawgy (Legal and Financial services) (491 Points)
Replied 20 March 2020

No, the conversion of Public Limited company into One Person company is not possible but the conversion of a private limited into an OPC (One Person Company) is allowed as per the Companies Act, 2013, which provides a mechanism to convert one class of company into another. Section 18 of the Act, explicitly provides for the conversion of an already registered private limited company with effect from 1-4-2014.

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