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by Edge Legal Edge Legal
Reason for The Concept In India: 

The possibility of OPC was mooted, in the report of Dr. J.J. Irani Committee. The Irani Committee immediately suggested OPC in its report. In 

IN segment III named "Request and Registration of Companies" the board proposed various requests of associations as given hereunder. In light of the size, in view of different people, Control Liability and Capital: 

The Committee convened the view that the law should see the potential for assortment in the sorts of associations and as opposed to hoping to control unequivocal pieces of each structure, attempt to oblige decides that engage money related between action for bounty creation dependent on clear and extensively recognized guidelines. 

OPC may be enrolled as an exclusive business with one section and may in like manner have in any occasion one boss with the assignment of any relatives, word 'OPC' to be suffixed with the name of One Person Companies 

Impact Of OPC In Indian Entrepreneurship: 

The possibility of OPC is still in its beginning phases in India and would require some greater occasion to create and to be totally recognized by the business world. The points of interest transmitting from this thought are many, to give a few models – 

The One Person Company thought holds a breathtaking future for little sellers, business visionaries with OK taking a cutoff, skilled workers, and other expert associations. 

The OPC would go probably as a launchpad for such business visionaries to include their abilities in the overall field.

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Created on Nov 22nd 2020 04:24. Viewed 51 times.


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