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When does an OPC mandatorily has to convert into either private limited or public company?

In case the paid-up share capital of an OPC exceeds fifty lakh rupees or its turnover exceeds INR 2 crores for any 3 consecutive financial years, then the OPC has to mandatorily convert into private limited or public company.

The OPC shall inform RoC in form INC-5 if the threshold limits are exceeded and is required to be converted into private or public company. Form INC-5 shall be filed within sixty days of exceeding threshold limits.

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