Tag: OPC
-
Critical Analysis of OPC [One Person Company]
By Priya Singh, K.L.E. Society’s Law College. With the enactment of the Companies Act, 2013 and the incorporation of the concept of One Person Company (hereinafter referred to as OPC) in it, the legal mandate by Companies Act, 1956 that required a minimum of two shareholders and two directors has now been struck down. As the…
-
An Expository Analysis of One Person Company Concept: Is it an Arrow shot in the Dark or is it Serving its Purpose?
By Aashna Jain, National Law University, Jodhpur. The 1956 Act had been in need of a substantial revamp for quite some time to make it more contemporary and relevant to corporates, regulators and other stakeholders in India. The Companies Act, 2013 brought the much needed changes in the corporate arena. Amongst those major changes, the introduction of…