what is the causes of the formation of OPC (One person company)....✌✌✌
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Section 2(62) of Companies Act defines a one-person company as a company that has only one person as to its member. ... So, an OPC is effectively a company that has only one shareholder as its member. Such companies are generally created when there is only one founder/promoter for the business...
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Hey Riya Here Is Your Answer
Definition of One Person Company
Such companies are generally created when there is only one founder/promoter for the business. Entrepreneurs whose businesses lie in early stages prefer to create OPCs instead of sole proprietorship business because of the several advantages that OPCs offer.
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