Seriously one of the most important post..

Thnx 4 Sharing 

SOME NEW DEFINITIONS

One Person Company 2(62):

Can be incorporated only as a private company. Word “One Person Company” should be mentioned below the name of the company.

SMALL COMPANY: 2(85)

It cannot be a public Company, Holding or Subsidiary, Company registered under section 8 or body corporate governed any special act. Paid-Up capital does not exceed `50,00,000.

INACTIVE COMPANY:

When a company does not carry on any business, has not made any accounting transactions and has not filed returns with the ROC for the last two years will come under the category of “INACTIVE COMPANY”

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THANXX FOR TIMELY UPDATING US.