conversation of private company into opc

As per Rule 7 of the Act, in order to convert Pvt company to OPC, its paid up share capital should be 50 lakhs or less AND it's average annual turnover during the relevant period is 2 crores or less.
In the above provision, it is "AND" condition. Accordingly, to convert Pvt company to OPC, both the above conditions should be satisfied.

sir , thanks for your concern but is the word "AND" added to this as a replacement of "OR" in amendment ?