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Adovcate, Law
PRACTICAL ANALYSIS OF ONE PERSON COMPANY VIS-À-VIS ITS ADVANTAGES AND DISADVANTAGES
The Companies Act, 2013 has, for the first time, allowed formation of a limited liability company by just one person. Such a company is described under section 3(1)(c) as a private company. ‘One Person Company’ is a one shareholder corporate entity, where legal and financial liability is limited to the company only. In India, the J.J. Irani Expert Committee recommended the formation of One-person company (OPC).
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Adovcate, Law
RESEARCH REPORT
PRACTICAL ANALYSIS OF ONE PERSON COMPANY VIS-À-VIS ITS ADVANTAGES AND DISADVANTAGES
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