Quick Answer
No mandatory conversion on crossing paid-up capital or turnover limits since 1 April 2021 (Companies (Incorporation) Second Amendment Rules, 2021).
by CA V. Viswanathan
FCA, ACS, CFE, Registered Valuer (S&FA) | Since 2012
Check if your One Person Company (OPC) must mandatorily convert to a Private Limited Company under Companies Act, 2013 (Section 18, Rule 6 of Companies (Incorporation) Rules, 2014).
No mandatory conversion on crossing paid-up capital or turnover limits since 1 April 2021 (Companies (Incorporation) Second Amendment Rules, 2021).
No mandatory conversion on crossing paid-up capital or turnover limits since 1 April 2021 (Companies (Incorporation) Second Amendment Rules, 2021).
No mandatory conversion on crossing paid-up capital or turnover limits since 1 April 2021 (Companies (Incorporation) Second Amendment Rules, 2021).
No mandatory conversion on crossing paid-up capital or turnover limits since 1 April 2021 (Companies (Incorporation) Second Amendment Rules, 2021).
No mandatory conversion on crossing paid-up capital or turnover limits since 1 April 2021 (Companies (Incorporation) Second Amendment Rules, 2021).
No mandatory conversion on crossing paid-up capital or turnover limits since 1 April 2021 (Companies (Incorporation) Second Amendment Rules, 2021).
Process: special resolution at member meeting; Form INC-5 / INC-6 (depending on conversion direction); board resolution; alteration of MOA/AOA; minimum two members and two directors at conversion. The conversion is tax-neutral under Section 47(xiiia) of the Income Tax Act subject to specified conditions.
This tool provides indicative output based on declared inputs. For complete advisory or compliance execution including any required regulatory filings, certifications, or representation, consult CA V. Viswanathan — FCA, ACS, CFE, IBBI Registered Valuer (IBBI/RV/03/2019/12333) — at +91 99622 60333. Free 30-minute consultation, with detailed scope and fixed-fee quote within 24 hours.