Conversion of an OPC into a private limited company is permitted only after two years from the date of incorporation. However, if the paid-up share capital exceeds rupees 50 lakhs or if its average turnovers exceed INR 2 crores within two months, the OPC could convert into a private limited company by passing the special resolution, obtaining NOC from creditors and filing form INC 5.
For information on Company Registration, visit
https://www.parpella.com/public-company-registration
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