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One person company (OPC)

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Chhota CFO
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One person company (OPC)

In the Company Act of 2013, a new concept known as the One Person Company was introduced (OPC). A minimum of two directors and two members are necessary in a private company, whereas a minimum of three directors and seven members are required in a public company. Previously, a single person could not form a corporation.

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Chhota CFO