The paid up share capital of "One Person Company" cannot be more than:
- ARs.
- BRs.
- CRs.
- DRs.
Solution & Step-by-step Explanation
Under the historic threshold definitions of the Companies Act, an OPC was required to convert into a private or public company if its paid-up share capital exceeded Rs. 50 Lakhs or its average annual turnover exceeded Rs. 2 Crores.