The OPC (One Person Company) was first proposed in The Companies Bill 2007. It has been a desire of entrepreneurs to have a one person company and same had once been a reality. The logical reason why the Companies Act, 1956 had made it compulsory for a company to have a minimum of two members was so that it could clearly separate it from a sole proprietorship.
Now, One Man Company has finally been introduced in The Companies Bill 2011. OPC may be registered as a private company with one member and may also have at least one director.
Get your Free Business Start-up Counselling today.
Now, One Man Company has finally been introduced in The Companies Bill 2011. OPC may be registered as a private company with one member and may also have at least one director.
Get your Free Business Start-up Counselling today.
