Conversion of one person company into private or public company.

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Acc to Rule -6,

             OPC can be converted in two cases:
                

1- Compulsary conversion

2- voluntary conversion

Compulsary conversion

When paid up share capital exceeds 50 lakh rupee and it's average annual turnover during the relevant period (preceeding 3 financial year) exceeds 2 crore rupees.

Conversion should be under 6 months if wanna convert in private than atlst 2 directors and 2 members are needed and if wanna convert in public company than atleast 3 directors and 7 members are needed.


Voluntary conversion

If you wanna change your OPC in private than you have to increase your director and atleast 2 directors are needed and 2 members and if you wanna change OPC in public than atleast 3 directors and 7 members are needed.


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