Feb 02 2015 : The Economic Times (Kolkata)
Over 1400 One-Man Cos in 9 Months
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New Delhi:
Press Trust of India
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More than 1,400 one-person companies, a majority of them engaged in business services, have been set up in just nine months starting April 2014 when regulations allowing such entities came into force.On an average, the figure translates to 155 new one person companies (OPCs) being established every month from April-December 2014 period. The concept of OPC was introduced through the new Companies Act, which came into force from April 1, 2014. These entities are expected to facilitate easier access to funding sources for entrepreneurs.
Latest data compiled by the corporate affairs ministry shows that till December 31, 2014, a total of 1,403 OPCs were registered with it and their collective authorised capital stood at 31.31 crore. In terms of economic activity, as many as 775 OPCs have been registered in the business services category followed by 196 such entities in the community, personal and social services segment.There were 135 OPCs in trading and 106 in manufacturing categories, according to the ministry, which is implementing the Act.
In December last alone, 277 OPCs were set up and their total authorised capital stood at 5.90 crore. Overall, there were little over 10 lakh active companies in the country at the end of December last year whereas total count of registered entities stood at more than 14.39 lakh.
Out of the registered ones, more than 1.39 lakh companies have been classified as 'dormant'.
In December last alone, 277 OPCs were set up and their total authorised capital stood at 5.90 crore. Overall, there were little over 10 lakh active companies in the country at the end of December last year whereas total count of registered entities stood at more than 14.39 lakh.
Out of the registered ones, more than 1.39 lakh companies have been classified as 'dormant'.
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