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Under Rule 6 of the Companies (Incorporation) Rules, 2014, as it stood before 1 April 2021, what…

Before 1 April 2021, Rule 6(1)-(2) of the Companies (Incorporation) Rules, 2014 required an OPC to convert within six months if its paid-up share capital exceeded "Fifty…

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Under Rule 6 of the Companies (Incorporation) Rules, 2014, as it stood before 1 April 2021, what paid-up share capital threshold, when exceeded, required an OPC to convert into a private or public company?

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Before 1 April 2021, Rule 6(1)-(2) of the Companies (Incorporation) Rules, 2014 required an OPC to convert within six months if its paid-up share capital exceeded "Fifty lakh rupees" or its average annual turnover during the preceding three consecutive financial years exceeded two crore rupees. These mandatory capital and turnover thresholds were removed with effect from 1 April 2021.

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