EFG Pvt. Ltd. wants to convert the Private Company into a One Person Company (OPC). The Company seeks your advice on the following matters: Provisions regarding notice of general meeting

Legal Provisions related to Conversion of Private Company into One Person Company are given in Section 18 of the Companies Act, 2013 read with Rule 7 of the Companies (Incorporation) Rules, 2014 which are as under: A private company other than a company registered under section 8 of the Companies Act, 2013 having paid up share capital of ₹50 Lakh or less and average annual turnover during the relevant period of ₹2 crore or less may convert itself into one person company by passing a special resolution in the general meeting. Or A private company other than a company registered under section 8 of the Companies Act, 2013 may convert itself into one person company by passing a special resolution in the general meeting. (Amendment Effective From 1st April 2021) (i) NOTICE OF GENERAL MEETING: Section 101 of the Companies Act 2013 provides that company shall issue notice of General Meeting in writing to below mentioned persons at least 21 days before the actual date of the General Meeting: every member of the company, legal representative of a deceased member or the assignee of an insolvent member; the auditor or auditors of the company; and every director of the company. Notice of a meeting shall specify the place, date, day and the hour of the meeting and shall contain a statement of the business to be transacted at such meeting.