Query
This query is : Resolved
29 August 2014
The concept of one person company was introduced by Companies Act 2013
Section 2(62) defines one person company as a company which has only one person as a member
In simple words it means a company which has only one shareholder or one person holds 100% shares of the company
Section 2(62) defines one person company as a company which has only one person as a member
In simple words it means a company which has only one shareholder or one person holds 100% shares of the company
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