Conversion Of Private Company Into One Person Company
A Private Company is a type of entity which is privately held by small group of people. A private company can convert itself into One person Company if the paid up share capital of such private company is less than fifty lakhs rupees and average annual turnover during the relevant period is less than two crore rupees. A One Person company can be easily managed with less compliance to be followed, conversion of the Private Limited Company to One Person Company would benefit most people.Benefits
• Legal validity • Limited Liability • Limited Compliances • Tax Savings • Organized Business • Direct Access to Target market • Entire control with single ownerDocument Required Conversion Of Private Company Into One Person Company
- Vote in favour of the Resolution of conversion shall not be less than three times the number of votes, if any, cast against.
- List of members and creditors.
- Latest Audited Balance Sheet and the Profit and Loss Account.
- No Objection letter (NOC) of every creditor.
- Consent of the nominee.
- PAN card copy of the nominee and member/shareholder.
- Proof of identity of the nominee and member/shareholder: Self attested copy of Voters Identity Card/Aadhar Card Card/Passport/Driving license
- Residential proof of the nominee and member/shareholder: Self attested copy of Bank Statement/Electricity Bill/Mobile Bill/Telephone Bill
Basic
₹
13999/-
₹
13999/-