Voluntary conversion of OPC into Private company, Corporate Laws / SEBI / LLP

[Amar Kumar]

Hello members,

An OPC (incorporated six months ago) wants to convert itself into private company.

Neither the paid-up capital nor the turnover as prescribed under Rule 6(1) of the Companies Incorporation Rules, 2014 is exceeding.

Can it voluntarily convert itself?

Thanks.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

In my opinion you may raise the capital and converted into private company since the limit is prescribed under Rule 6(1) even though there is no limit prescribed for minimum capital for private company.