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Expulsion for one person company
One Person Company (OPC) cannot convert voluntarily into any kind of company unless two years have expired from the date of incorporation of One Person Company.
However in case paid up share capital is increased beyond Rs.50 Lakhs or average annual turnover exceeds Rs.2 Crores, then the One Person Company (OPC) shall ceased to be a One Person Company and has to initiate the process for conversion in to a Private or Public Company, with in a period of Six Months.
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