To close a Private Limited Company, Every director of the company should comply with the provisions of the Companies Act 2013, There are many ways by which company could be wound up.
Private Limited Company to OPC A Private Company, which has a paid up share capital of Rs. 50 Lakh or an average annual turnover of Rs. 2 Crore or less, can convert itself into One Person Company (OPC).
Overview Every company is registered under Companies Act 2013 and as per sec 139, every private limited company is required to appoint an auditor within 30 days of incorporation.