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Incorporated: INC-6 | Download Free Templates
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1. What is Form INC - 6?
Form INC - 6 is used when OPC needs Conversion to Private Ltd Company or vice versa. If a One Person Company's paid-up share capital exceeds fifty lakh rupees or its average annual turnover during the relevant period exceeds two crore rupees, the company must file an application in Form INC-6 within six months of the date the above threshold limit was exceeded.
It must be noted that the declaration has to be made on stamp paper & should be notarized by an Advocate, a Company Secretary, a Chartered Accountant or a Cost Accountant, practising the profession.
2. Why is it important?
This form helps in assuring that company is following up with proper compliances and process which is mentioned thereunder in the Companies Act. If the limit exceeds and the company is not registered under the right category then it can be charged through fine as well. So to protect the interest of the Company this form is required.
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Sophie Asveld
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February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.