According to Sec 2 (62) of Companies Act, 2013,the maximum amount of paidup share capital of an OPC is:

A One Person Company (OPC) is defined under Section 2(62) of the Companies Act, 2013, as a company with only one person as a member.

For maintaining the status of an OPC, the Companies Act, 2013 prescribes certain threshold limits. If these limits are exceeded, the OPC must convert itself into a Private Limited Company or Public Limited Company within 6 months.

Threshold Limits for OPC:

Paid-up Share Capital: Should not exceed ₹50 Lakhs

Average Annual Turnover: Should not exceed ₹2 Crores (for immediately preceding three consecutive financial years)

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Once either of these limits is breached, the OPC loses its eligibility to continue as an OPC and must undergo conversion to another form of company.

Correct Answer: Option 1 - 50 Lakhs