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The concept of one person company (opc)

The Companies Bill 2009 proposes to do away with the outmoded provisions of the Companies Act, 1956 (Act) and envisages a new form of business organization known as One Person Company (OPC). This move will thereby allow the Government to provide for a simpler compliance requirements for small companies.OPC as defined under section 2(1) (zzk) [...]

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