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Companies act opc

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20 April 2021 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...???
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CA Puja Sharma

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CA Puja Sharma (Expert)
20 April 2021 In my opinion the company will not required to convert
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