FAQ on Amendments
Conversion of OPC into any other kind of Company
An OPC can voluntarily convert itself into any kind of company at any time without meeting any of the criteria's as to paid up share capital and average annual turnover.
The amendment will be effective from 01st April 2021.
The requirement of compulsory conversion on exceeding the specified turnover or paid-up capital is done away with and now the One Person Company can grow without any restriction. The amendment will be effective from 01st April 2021.
SMALL COMPANY
A Small company means a private company which fulfils the following conditions:
- Paid up Share Capital does not exceed ₹ 2 Crore; and
- Turnover does not exceed ₹ 20 Crore
The amendment will be effective from 01st April 2021
Can a HUF be a Partner in a LLP?
Karta / HUF cannot become a partner in a LLP .Only individual can become partner of LLP.
Statutory Compliance Of The Company
| Particulars | FORMS TO BE FILED | Due Date | Provisions of Due date |
| Annual Filing of the Company | AOC-4 AND MGT-7 | 30th September (Maximum gap of 15 months between 2 AGM's) | Within 30/60 days from the date of the AGM |
| Change in Directors or KMP | DIR-12 | within 30days from the date of passing Resolution, for such change | |
| Change in Article of Association | MGT-14 | Within 30 days from date of passing resolution | |
| Change in clause of Memorandum of Association | Depends upon the change of Clause | Depends upon the change of Clause | |
| Increase in Authorised share capital of the Company | SH-7 | Within 30 days of passing OR | |
| Change in secured borrowing (Creation, modification and satisfaction of charge) | CHG-1 | All types of Charges within 30 days of its creation | |
| Change of name of company | INC-24 | Within 60 days from the date of applying reservation of name in INC-1 | |
| Application for KYC of Directors | DIR-3 KYC | 30th September | On or before 30th September of immediate next Financial Year |
| Filing of resolution and agreements | MGT-14 | Within 30 days from date of passing resolution | |
| Change in registered office | INC-22 | Within 15 days from the date of such change | |
| Increase in Paid up share capital (Issue of security)-Return of Allotment | PAS-3 | Within 15/30 days from the date of the allotment | |
| Appointment of Auditor | ADT-1 | ||
| Return of Deposit | DPT-3 | 30th June |
