Now, you can set up a one person company Till recently, if you - TopicsExpress



          

Now, you can set up a one person company Till recently, if you wanted to set up a private company, you needed at least one other person because the law mandated a minimum of two shareholders. So, for the person wanting to venture alone, the only option was proprietorship, an onerous task since it is not legally recognised as a separate entity. Now, after the recent passing of the much-hyped Companies Bill, 2012, by the RajyaSabha, there may be hope for the budding entrepreneur. The bill that aims to bring in sweeping changes in the corporate world, has also opened the doors for the entrepreneur looking to set up a company all by himself. This has been made possible by bringing in the concept of One Person Company (OPC).
Posted on: Fri, 30 Aug 2013 08:57:25 +0000

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