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What is the income limit for OPC?
If an OPC's paid-up capital exceeds ₹50 lakh or its average turnover in the last 3 years exceeds ₹2 crore, it must convert to a private or public company.
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What is an OPC account?
An OPC account is for a One Person Company (OPC), a business structure in India allowing single ownership, introduced by the Companies Act in 2013.
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