CONCEPT OF ONE PERSON COMPANY AND ITS IMPECT IN INDIA

Author Name: Dr. Surendra Singh Chundawat

Volume/Issue: Volume-03/Issue-01

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://www.doi-ds.org/doilink/07.2022-45755743/UIJIR

Affiliation:

1. Assistant Professor, Department of Law, J.R.N. Rajasthan Vidhyapeeth, Udaipur (Raj.)

ABSTRACT

The concept of OPC come in to the existence in our country first time by enactment of new Company Act in the year 2013. People have shown wholeheartedness and keenness to do business by adopting this form of business entity method. The people have started adopting this concept this concept enthusiastically and passionately. After observing the “Annual Reports” released by the Ministry of Corporates Affairs, Government of India and the data released by the Ministry of Corporate Affairs through “Monthly Information Bulletin” (MIB) shows the trends of people of India about the registration and incorporation of One Person Companies in India.

Key words: One Person Company, Gazette, Authorised Capital, Corporate Affairs, Capitals.