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One Person Company Registration

One Individual firm can convert itself to Private Firm, when the paid up capital exceeds Rs. 50 lacs or its average turnover exceeds Rs. 2crores for the relevant period. Public Restricted Business- Minimum capital requirement is Rs. 5,00,000 and at least 3 directors. In such instances the Central Government may possibly by license direct that the association might registered as a organization with restricted liability without the addition to its name of the word Limited” or the words Private Limited”. Facts of minimum two designated partners of the proposed LLP, 1 of them must be a resident

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