c) Mr. Anil formed a One Person Company (OPC) on 16th April, 2018 for manufacturing electric cars. The turnover of the OPC for the financial year ended 31st March, 2019 was about Rs. 2.25 Crores. His

Rohit · 22 Apr 2024

Sec 2(62) of companies act define one person company is company in which there is one person as member .. however private company shall have minimum 2 number without restriction on shares capital and turnover . If OPC is convert into private company, Mr Anil and Mr Sunil can be member of company ...... A one person company can convert into private company by following compliance of companies act .......... In instant case , OPC formed by Anil can voluntarily convert into private company by following compliance given under companies act 2013