Relevance of One Person Company
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2017, Vol 2, Issue 1
Abstract
The implementation of the Companies Act 2013 an individual person can now constitute a company under the concept of One Person Company (hereinafter mentioned as OPC). The New Companies Act 2013 was approved by the Parliament in 2013. Some of the provisions of the New Companys Act 2013 came into force on September 20th, 2013 while the majority of Sections came into force from 1st April 2014. The Companies Act 2013 has introduced some new concepts in Indias corporate legal system which was not part of the erstwhile old companies Act 1956. This article has been categorically scripted to present an overview about the revolutionary new concept of OPC as introduced by the Companies Act 2013. The data collected for the study was mainly from secondary sources. The various aspect of One Person Company such as its introduction, history, the concept of One Person Company, its characteristics, their role in economic development, their economic benefits. Mary T. L"Relevance of One Person Company" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-1 , December 2017, URL: http://www.ijtsrd.com/papers/ijtsrd8238.pdf http://www.ijtsrd.com/management/accounting-and-finance/8238/relevance-of-one-person-company/mary-t-l
Authors and Affiliations
Keywords
Related Articles
- EP ID EP358891
- DOI -
- Views 57
- Downloads 0
Maintaining Secure Cloud by Continuous Auditing
Increases in cloud computing capacity, as well as decreases in the cost of processing, are moving at a fast pace. These patterns make it incumbent upon organizations to keep pace with changes in technology that significa...
A Study on Productivity and Availability to Food Secure India- An Approach through Public Distribution System
After the adoption of green revolution, India has achieved an impressive growth rate in food production. Still security to food and deprivation from the same stands out as the prime topic of discussion. Lack of food is t...
Impact of Exchange Rate on the Performance of Small and Medium Enterprises in Nigeria
Nigeria is currently experiencing an unprecedented fluctuation in the price of oil and Naira-Dollar exchange rate depreciation, with exchange rate volatility being more pronounced as it concerns the issues of macroeconom...
Micro Level Analysis of Human Settlements in Uttar Dinajpur District A Quantitative Approach
Settlement plays a crucial role in both directional as well as locational planning. In human geography, any form of habitation from a single house to a mega city is known as settlement. Settlements are the actual express...
Going Rural '“ A Glimpse of Rural Marketing Mix
Present market industry is pampered with the word œRural which is huge market with a triple of its size compared to other country markets. Rural market can be termed as a Dazzling bird with a vast untapped market of res...