Companies (Incorporation) Rules amended: OPC conversion process set, required filings, and residency threshold shortened. The substituted rule 6 prescribes conversion of a One Person Company into a Private or Public Company (other than a section 8 company) by altering MOA and AOA through a resolution under subsection (3) of section 122, increasing membership and directorship to prescribed minima, maintaining applicable minimum paid up capital, complying with section 18, and filing e Form INC 6 with fees and attachments (altered MOA/AOA, copy of resolution, lists of proposed members/directors with consents, list of creditors, and latest audited financial statements) for Registrar approval and issuance of a conversion certificate.
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Companies (Incorporation) Rules amended: OPC conversion process set, required filings, and residency threshold shortened.
The substituted rule 6 prescribes conversion of a One Person Company into a Private or Public Company (other than a section 8 company) by altering MOA and AOA through a resolution under subsection (3) of section 122, increasing membership and directorship to prescribed minima, maintaining applicable minimum paid up capital, complying with section 18, and filing e Form INC 6 with fees and attachments (altered MOA/AOA, copy of resolution, lists of proposed members/directors with consents, list of creditors, and latest audited financial statements) for Registrar approval and issuance of a conversion certificate.
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