ISSN 2581-5369
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One Person Company
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Darshika Mall
Student at Amity Law School, Lucknow, India
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Shreyanshi Kumari Khushi
Student at Amity Law School, Lucknow, India
Abstract
A company can be established with The Company's Act of 2013 introduced the novel idea of a one-person company in India. In India, a single individual forms a one-person company. A single person was unable to start a business prior to the Companies Act of 2013. An OPC combines the advantages of a sole proprietorship with those of a company. Previously, if a person had to start a business, they could only choose a sole proprietorship.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 6, Issue 2, Page 1815 - 1820
DOI: https://doij.org/10.10000/IJLMH.114544Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
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