One person company turnover limit is?
Updated: Nov 13, 2021
In case the paid-up share capital of a One person company(OPC) exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into a private or public Limited company.
The Annual turnover limit of a One person company(OPC) is two crore rupees
The paid-up share capital limit of a One person company(OPC) is two crore rupees