https://www.taxtmi.com/article/detailed?id=5744 Conversion permits a company to change its class by altering its memorandum and articles and obtaining fresh registration without affecting prior debts. OPCs must convert when they exceed prescribed paid up capital or turnover thresholds by increasing members and directors to the minimum for the target class, complying with procedural provisions, passing required resolutions, and filing prescribed notices, financials and certifications with the Registrar. Private companies may convert to OPCs only if they meet eligibility on capital and turnover, obtain member and creditor consents, pass a special resolution, furnish affidavits and documentary proofs, and secure Registrar certification. en-us Wed, 23 Jul 2014 08:18:13 +0530 Wed, 23 Jul 2014 08:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5744 Conversion permits a company to change its class by altering its memorandum and articles and obtaining fresh registration without affecting prior debts. OPCs must convert when they exceed prescribed paid up capital or turnover thresholds by increasing members and directors to the minimum for the target class, complying with procedural provisions, passing required resolutions, and filing prescribed notices, financials and certifications with the Registrar. Private companies may convert to OPCs only if they meet eligibility on capital and turnover, obtain member and creditor consents, pass a special resolution, furnish affidavits and documentary proofs, and secure Registrar certification. Articles Corporate Laws / IBC / SEBI Wed, 23 Jul 2014 08:18:13 +0530 https://www.taxtmi.com/article/detailed?id=5744