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I operate my business as a one-person company. Now, I want to convert to a Pvt. Ltd. How can it be done?

A voluntary conversion from OPC to Private Limited Company cannot take place before two years have expired from the date of incorporation of the OPC. The only exception is if the paid-up share capital of the OPC exceeds rupees 50 lakhs or if its average turnover exceeds INR 2 crores, then, in that case, a compulsory conversion is mandatory.

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