Furthermore, OPC can also convert according to section 18 of the Act, 2013, and there is also a provision for compulsory conversion of OPC, which again follows section 18. Section 18 of the Companies Act 2013 provides basic requirements to be fulfilled to convert one type of company into another. It is supplemented by Company (Incorporation) Rules, 2014. This analysis will briefly summarize the procedure for conversion and bring clarity to this concept of the Companies’ Act, which has high commercial value.

OPC: As per Section 2(62) of the Company’s Act 2013, One Person Company (OPC) is incorporated by a single natural person.

What is Section 18 of the Companies Act 2013?

Question

Furthermore, OPC can also convert according to section 18 of the Act, 2013, and there is also a provision for compulsory conversion of OPC, which again follows section 18. Section 18 of the Companies Act 2013 provides basic requirements to be fulfilled to convert one type of company into another. It is supplemented by Company (Incorporation) Rules, 2014. This analysis will briefly summarize the procedure for conversion and bring clarity to this concept of the Companies’ Act, which has high commercial value.

OPC: As per Section 2(62) of the Company’s Act 2013, One Person Company (OPC) is incorporated by a single natural person.

What is Section 18 of the Companies Act 2013?

Accepted Answer

Deals with the conversion of existing companies from one class to another Consist of 3 Rules (COMPANIES INCORPORATION RULES 2014)   RULE 7: This rule provides a procedure for the conversion of a private company into an OPC RULE 37: This rule provides a method for converting an unlimited liability company into a company limited by shares or guarantees. RULE 39: This rule lays down the procedure for converting a company limited by guarantee into one limited by shares.

Section 18 Of Companies Act 2013: Conversion Of Private And Public Companies

Yashika Thakran

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