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Johntu Doetu   04 April 2021

Proprietorship threshold limit

I read somewhere that there is a limit of turnover for a OPC. If a OPC exceed a certain amount in turnover then it must change to a private ltd co... Is there any similar limitations to Proprietorship firms?


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Sankaranarayanan

Sankaranarayanan (Advocate)     24 April 2021

For converting an OPC into Private Limited Company, the provisions in the Section-18 of the Indian Companies Act of 2013, and the Companies  Rules of 2014, in particular the Rule 7(4) of the Companies  Rules, 2014, needs to be followed for both the conditions; voluntarily and under compulsion.


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