SINGLE PERSON COMPANY
The committee has also mooted the concept of single-person company. Introducing the concept of One Person Company (OPC) as against the current stipulation of at least two persons to form a company, the committee has pitched for entrepreneurship in individuals. ‘The whole idea is that if there is an entrepreneur who wants to form his own company, he should not be bound down by company law to find other partners,’ according to Irani.
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