TMI BlogVoluntary conversion of OPC into Private companyX X X X Extracts X X X X X X X X Extracts X X X X ..... Voluntary conversion of OPC into Private company X X X X Extracts X X X X X X X X Extracts X X X X ..... >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 Incorpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ration Rules, 2014 is exceeding. Can it voluntarily convert itself? Thanks. Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my opinion you may raise the capital and converted into private company s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ince the limit is prescribed under Rule 6(1) even though there is no limit prescribed for minimum capital for private company. X X X X Extracts X X X X X X X X Extracts X X X X
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