An OPC shall cease to be entitled to continue as OPC if it rsquo s paid up capital exceeds or its av...........

Companies Act-Phase (I & II) Introduction to Company Act

An OPC shall cease to be entitled to continue as OPC if it’s paid up capital exceeds____or its average annual turnover during the relevant period exceeds______

Rs. 10 crores, Rs. 100 crores

Rs. 50 lakhs, Rs. 2 crores

Rs. 10 lakhs, Rs. 2 crores

Rs. 20 lakhs , Rs. 2 crores

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Explanation:

The OPC shall have to mandatorily convert itself into a private or public company in case the paid-up capital exceeds Rs. 50 lakhs or turnover exceeds 2 crores.