A private limited company or a privately held company restricts shareholders from trading shares publicly. The private limited company requires minimum two and maximum 50 members. The minimum of 2 Directors are required as a prerequisite.
One Person Company is a business entity in which there is one owner with limited liability who can act both as shareholder and Director.
One Person Company is a separate legal entity from its members, offering protection to its shareholders. Every One Person Company must nominate a member for the Directorial position in the MOA/AOA, in case of absence of the prime Director.
1. E-Form MGT 14 is required to be filed with Registrar of Companies along with the below mentioned attachments:
2. E-Form INC 6 – Application for the conversion of Private Limited Company to One Person Company:
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