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Companies act opc

This query is : Resolved 

WHAT IF AN OPC HAS A TURNOVER OF MORE THAN 2 CRORE IN FIRST YEAR. WILL IT BE BOUND TO CONVERT COMPULSORILY AS CONDITIONS FOR COMPULSORY CONVERSION SAYS THAT IN ORDER TO COMPULSORY CONVERT AVERAGE TURNOVER OF IMMEDIATELY PRECCEDING 3 F.Y IS TO BE SEEN.. SINCE COMPANY EARNED MORE THAN 2CR IN FIRST YEAR...???

In my opinion the company will not required to convert



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