ONE PERSON COMPANY UNDER COMPANIES ACT, 2013

ONE PERSON COMPANY UNDER COMPANIES ACT, 2013 Definition of One Person Company (“OPC”) Section 2(62) of the Companies Act, 2013 (“Act”) defines OPC as a company which has only one person as a member. Legal Nature of OPC OPC can be registered only as a private company which means that all the provisions applicable to…

|

Gherulal Parakh v. Mahadeodas Maiya and Ors.

Gherulal Parakh v. Mahadeodas Maiya and Ors. 1959 AIR 781 (Wagering Agreement-Illegal?-Public Policy?-Immoral?-S.23 and S.30) FACTS: Plaintiff and defendant entered into Partnership agreement with object of entering into wagering transactions with obligation to bear equal loss or profit arising out of such partnership. When plaintiff asked for reimbursement of half of money paid by him…

|

Lingo Bhimrao Naik v. Dattatrya Shripad Jamadagni

Lingo Bhimrao Naik v. Dattatrya Shripad Jamadagni  (1937) 39  BOM LR 1233 (Minor-Undue Influence-S.16) FACTS: Defendant, adoptive mother of plaintiff, was alleged to use undue-influence to obtain the consent of the plaintiff, once he attained the age of majority, to ratify the gift deeds made to her daughters in regard to non-watan property. Though the…