Business Daily from THE HINDU group of publications
Monday, Nov 02, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, Nov 02, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Mentor
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Company Law Columns - For the Asking One-person company Why has the government proposed to allow one-person-companies (OPCs)? Dhanraj, MayiladuduraiMaybe for two reasons. First, because many other countries do allow OPCs. And, second, it might have thought when two person companies can be allowed — private companies can be followed with just two persons — why not go a step further and allow a single person to form a company and thus acquire two faces. Perhaps, the idea is to put those dealing with individuals on guard — verify the creditworthiness and adequacy of their capital that they have committed to their business before dealing with them. S. MURLIDHARAN More Stories on : Company Law | For the Asking
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