The Companies Act provides for conversion of a private limited company to a one person company under Sec 18 of the Companies Act 2013 read with Rule 7 of Companies (Incorporation) Rules, 2014.
STEP 1: EGM (Extra Ordinary Meeting) to be conducted and special resolution shall be passed to give effect to conversion of a private limited company to one person-company.
STEP 2: Notice giving effect to the EGM to all the stakeholders of the organisation.
STEP 3: Before the conducting of EGM an NOC must be obtained from all the creditors of the company.
STEP 4: EGM so conducted shall pass the altered MOA & AOA
STEP 5: The Resolution shall be filed with ROC in FORM MGT-14
STEP 6: Issue of certificate of conversion from ROC. (PLC TO OPC)
We at Best Legal Services are group of experienced individuals who deal in various Complex legal issues and our experts can help you help to convert a Private Limited Company to One Person Company.