In which situation will a one person company (OPC) mandatorily get converted into private or public company?
Explanation & Strategy
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The Rs. 50 lakh paid-up capital threshold triggers mandatory OPC conversion. This ensures that companies beyond a certain size operate with the governance requirements of private/public companies rather than the simplified OPC structure.
The text reads: OPC must mandatorily convert to private/public company if paid-up share capital exceeds Rs. 50 lakh or average turnover exceeds Rs. 2 crore.
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