Question

Which of the following is a new type of company which was introduced by the Companies Act, 2013?

A One Personality Company Correct Answer Incorrect Answer
B One Person Company Correct Answer Incorrect Answer
C Limited Liability Partnership Correct Answer Incorrect Answer
D Public Private Partnership Correct Answer Incorrect Answer
E One-man Public Private Company Correct Answer Incorrect Answer

Solution

One person company is a new concept which was introduced by the Companies Act, 2013. It has been defined under section 2(62) of the said Act as a company which has only one person as a member.

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