define one person company .Write the key features of one person company.
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A company which has only one person as a member is known as one person company.
Explanation:
FEATURES:
1) Minimum paid up share capital is not more than 50 lakhs
2) Only Indian citizen can start an OPC
3) Cannot carry out non banking financial investment activities
4) Average annual turnover of 3 years does not exceed rs.2 Crore
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