One man companies "If I make a suggestion to you that a person can single-handedly establish a company in India, the odds are that you will not believe me. You probably will not welcome this challenge to the traditional notion of a company created by the Companies Act of 1956: the one that involves a Board of Directors, shareholders or at least, two members. But the Companies Bill of 2012 does exactly that, it challenges this traditional structure by the introduction of the ‘One Person Company’ (OPC). (The bill was recently passed by the Parliament and is at present, awaiting the assent of the President to become law.)" lawyersclubindia/articles/The-Solitary-Reaper-5598.asp?utm_source=newsletter&utm_content=news&utm_medium=email&utm_campaign=nl_August#.UhLYFtIsUSk
Posted on: Tue, 20 Aug 2013 03:18:43 +0000
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