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MCA Update (One Person Company)

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MCA has notified the Amendments as announced in the Budget 2021, for OPCs.(One Person Company)

As per the Amendments introduced: 

1. Thresholds of Paid-up capital exceeding Rs 50 lakhs or turnover exceeding Rs 2 crores for Compulsory conversion into non-OPC Public/Private Company is removed.

2. Form INC-6 can now be used for both - conversion from Private/Public to OPC or OPC to Private/Public.

3. For conversion of a non-OPC to OPC, thresholds of Paid up capital Rs 50 lakhs or less and turnover of Rs 2 crores or less is removed. Irrespective of Capital/turnover, non-OPC can get itself converted into OPC.

--
CA Yashu Goel
9899263490
M/s N.K. Goel & Bros.
Chartered Accountants

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