What is the minimum requirement for the conversion The requirements stated by the government for the conversion under the First Provision of SEC 14(1) are: Minimum requirement of 7 shareholders and three directors are required Minimum Authorized paid-up capital up to five Lacs About 75% of members consent Few Amendments in the article of Association A new, unique name for the company Complete annual returns filing with the registrar What are the documents required for the conversion?
According to The Companies Act, 2013, the following MAIN documents need to be attached with the Director's report – Auditor’s report along with every financial statement.
MOA & AOA Memorandum of Association(MOA) and Articles of Association(AOA) are the main documents of the company, which contains all the rules and regulations.
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