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1 mark

The paid up share capital of "One Person Company" cannot be more than:

  1. A
    Rs.
  2. B
    Rs.
  3. C
    Rs.
  4. D
    Rs.

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.

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The paid up share capital of "One Person Company" cannot be more than:
A
Rs.
B
Rs.
C
Rs.
D
Rs.

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