Hi guys 👋 in this blog let's see the laws related to companies which will definitely help in your future. This is part 1
Conversion of Section 8 company provides that a company registered under Section 8 which intend to convert itself into a company of any other kind shell pass a special resolution at the general meeting for approving such conversion the explain it statement and exceed to the notice the date of incorporation of the company the principle object of the company has set out in the memorandum of association the reason as to why the activities for achieving the object of company cannot be carried on in the current structure that is Section 8 company what are the privileges of connections currently enjoyed by the company if any that where company at concessional rates or price and its so the market prices prevalent at the time of accusation and the price that was paid by the company details of any donation or received by the company with condition attached to their utilisation the company shall also file and application inform number i n c 18 with the religion director along with the free and the certified copy of special dissolution under copy of the note is coming the meeting including the explinator is statement conversion of the public company or private company mandatory to be required to convert within 6 month into either a public limited company with at least 7 members or a private company with minimum to members the OPC shall within a period of 60 days from the date of the applicability give a notice to the register inform number IMC 5 informing that it as seased to be here OPC conversion of private company in to a OPC the company shell file and application inform number IMC 6 for its conversion into OPC along with the fees the director of the company shall give a declaration the list of members and credit us the latest audit balance sheet and the profit and loss account the copy of no objection letter of secured credit as registered office company to have a registered office on for the purpose of receiving and acknowledging all company and Communication of it and notice address to the office the registered office shall be opened within 30 days from verification of registered office. The following documents according to rule 25 of the company incorporation rules 2014 shall be attached to the form the torrization.
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