OPC

Corporate & Other Laws

In this answer , avg annual turnover is only 1 cr right but Annual turnover is 2 cr. But defn says average annual turnover. Am I right ?

Reetikaa R

CA Final

★ 7K+

08-Nov-21 14:51

460

Answers (1)

The provision has now been amended. An OPC can convert into any other type of company at any time after its incorporation the requirement with respect to paid-up capital and turnover are not applicable any more.

Ashlesha Atal

Faculty

10-Nov-21 20:40

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