ISSN 2394-5125
 

Review Article 


A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW

D S SELVAKUMAR.

Abstract
One Person Company is certainly a revolutionary concept which is accepted and welcomed by
entrepreneurs. One Person Company is where a single person holds virtually whole of the share capital of the
company and is the sole personating director of the company. This sole person alone enjoys controlling the
whole company. The Revolutionary concept was introduced under Companies Act,2013. One Person Company
is a viable option for starting an unregistered company. It was done with a view of changing the national and
international economic contribution. Such type of company though valid and legal it has loopholes which canít
be put up with as it is a One Person Company aspect. One of the most significant advantages of this is the
limited liability protection given to the one person holding and personaging the company. This is both a boon
and bane which will be discussed further below. Society as such as India to develop and adapt to such situation
introduced herein, it might take time. This may seem an advantageous process of developing the economic
society and fair contribution of wealth but it can never be ignored on the fact that it is still a half-baked
concept.

Key words: One Person Company, OPC, Natural Person, Limited liability, Disadvantage, Corporate, Companies Act.


 
ARTICLE TOOLS
Abstract
PDF Fulltext
How to cite this articleHow to cite this article
Citation Tools
Related Records
 Articles by D S SELVAKUMAR
on Google
on Google Scholar


How to Cite this Article
Pubmed Style

D S SELVAKUMAR. A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW. JCR. 2020; 7(19): 6565-6569. doi:10.31838/jcr.07.19.754


Web Style

D S SELVAKUMAR. A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW. http://www.jcreview.com/?mno=134986 [Access: August 17, 2021]. doi:10.31838/jcr.07.19.754


AMA (American Medical Association) Style

D S SELVAKUMAR. A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW. JCR. 2020; 7(19): 6565-6569. doi:10.31838/jcr.07.19.754



Vancouver/ICMJE Style

D S SELVAKUMAR. A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW. JCR. (2020), [cited August 17, 2021]; 7(19): 6565-6569. doi:10.31838/jcr.07.19.754



Harvard Style

D S SELVAKUMAR (2020) A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW. JCR, 7 (19), 6565-6569. doi:10.31838/jcr.07.19.754



Turabian Style

D S SELVAKUMAR. 2020. A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW. Journal of Critical Reviews, 7 (19), 6565-6569. doi:10.31838/jcr.07.19.754



Chicago Style

D S SELVAKUMAR. "A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW." Journal of Critical Reviews 7 (2020), 6565-6569. doi:10.31838/jcr.07.19.754



MLA (The Modern Language Association) Style

D S SELVAKUMAR. "A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW." Journal of Critical Reviews 7.19 (2020), 6565-6569. Print. doi:10.31838/jcr.07.19.754



APA (American Psychological Association) Style

D S SELVAKUMAR (2020) A STUDY ON LIMITED LIABILITY OF ONE PERSON COMPANY AS ESTABLISHED BY COMPANIES ACT, 2013 -- A CRITICAL REVIEW. Journal of Critical Reviews, 7 (19), 6565-6569. doi:10.31838/jcr.07.19.754