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In case the paid-up share capital of a One person company(OPC) exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into a private or public Limited company.
The Annual turnover limit of a One person company(OPC) is two crore rupees
The paid-up share capital limit of a One person company(OPC) is two crore rupees
What else can I help you with?
What is the turnover limit for statutory audit?
Statutory audit is mandatory by statue hence it does not have any turnover limit.
What is company turnover?
company's turnover is '' total sale of the company for that year ''.
What are some of strategies companies employ to limit turnover?
Companies raise the starting wage, higher managers more selectively and coach them on how to better create a good work environment to limit turnover.
What is the turnover of vivante pure foods ltd?
There turnover last year was 19 core but it was cooked up. Actually the company has just a turnover of meager 1 crore. The company is running in losses.
What company is facing problems with high turnover?
Sprint/Nextel is facing problems with high turnover
What is the meaning of turnover how you calculate the annual turnover of a company?
Here is a link to Annual Employee Turnover Calculator http://www.assessmentcompany.com/resources/costperhire.html
What is asset turnover?
Asset Turnover is a financial ratio that measures the efficiency of a company's use of its assets in generating revenue or income for the company. A higher asset turnover ratio implies that the company is operating efficiently and is able to generate solid revenue income using the assets at their disposal.Formula:Asset Turnover = Sales / Average Total Assets
What is turnover in accounts?
Turnover is sales both domestic and export and is reflected in Trading Account of the Company in accounts.
Which is the highest turnover private company in the world?
Walmart
What does the business term turnover mean?
In a business context, turnover refers to the total revenue generated by a company during a specific period, typically a year. It can also indicate the rate at which employees leave and are replaced within an organization, known as employee turnover. High turnover can suggest issues with employee satisfaction or company culture, while high sales turnover reflects strong sales performance. Understanding both types of turnover is crucial for assessing a company's financial health and operational efficiency.
What are the risk of employee turnover?
Employment turnover is basically the rate the company needs to replace the employees who had left the company. For example, when somebody said the company's employment turnover rate is high, meaning many people left the company.
Who is the worst retail company for employee turnover?
Best Buy
