MCA Exemption For Private Companies

The MCA has issued a draft notification dated 24/6/2014 inviting public comments thereon in respect of several proposals to give partial exemption to private companies from the rigorous compliance provisions of the Companies Act, 2013. The salient features of the draft proposals are : 1) Private companies are allowed to [...]

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One Person Companies in India

The recently enacted Companies Act 2013 has introduced us to a new form of business organization called “One Person Companies” (OPC). Though the concept is new to India, it is prevalent in other parts of the world. Here is an overview of One Person Companies Rationale:  For any person who [...]

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