Volume : VII, Issue : I, January - 2018

One Person Company (OPC) Under Companies Act, 2013

Gurcharn Singh

Abstract :

 

This paper endeavour One person company is a new concept in India which has been introduced by the companies act 2013. In the old Companies act 1956 a minimum of two directors and shareholders were required to form a private limited company. This study focuses on various rules and provision associated with the one person company., only 1 person is required who can be a shareholder as well as the Director. The concept opens up spectacular possibilities for sole proprietors and entrepreneur who can take the the advantages of Limited liability and corporatization but were held back in doing so because of the requirements of finding a second director or second shareholder. Rules provide that only a natural person who is a resident of India and also a citizen of India can form a one person company.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Gurcharn Singh, One Person Company (OPC) Under Companies Act, 2013, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : Volume-7 | Issue-1 | January-2018

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