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Category: OPC

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OPC

Convert one person company into a private or public company

by AdminLeave a Comment on Convert one person company into a private or public company

As provided in rule 6 of the companies (incorporation) rules 2014. Where the paid up capital of the one person company (OPC) exceeds fifty lakes. The average turnover during the relevant period exceeds Rs. 2 crores. It shall cease to be a one person company. It may please be noted that the above rule 6 …

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