One Person Company (hereinafter referred to as ‘OPC’) is of recent origin in the Indian legal system which is quite similar to the sole proprietary form of business. The notion of OPC is just like a ‘one man army’. This revolutionary... more
One Person Company (hereinafter referred to as ‘OPC’) is of recent origin in the Indian legal system which is quite similar to the sole proprietary form of business. The notion of OPC is just like a ‘one man army’. This revolutionary concept of OPC aims to pave the way for a more modern and dynamic legislation, to enable growth and greater regulation of the corporate sector in India. OPC provides a whole new bracket of opportunities for those who look forward to starting their own ventures with a structure of an organized business. This paper gives a basic knowledge about OPC and helps in understanding its concept. It dwells comprehensively upon the concept of OPC, from its inception as philanthropy till its journey to a statutory form with special reference to the provisions of the Companies Act, 2013.
Background: Poverty is multi dimensional. Beyond the quantitative and tangible issues related to inadequate income it also has equally important social, more intangible and difficult if not impossible to quantify dimensions. In 2009, we... more
Background: Poverty is multi dimensional. Beyond the quantitative and tangible issues related to inadequate income it also has equally important social, more intangible and difficult if not impossible to quantify dimensions. In 2009, we explored these social and relativist dimension of poverty in five communities in the South of Ghana with differing socio economic characteristics to inform the development and implementation of policies and programs to identify and target the poor for premium exemptions under Ghana’s National Health Insurance Scheme. Methods: We employed participatory wealth ranking (PWR) a qualitative tool for the exploration of community concepts, identification and ranking of households into socioeconomic groups. Key informants within the community ranked households into wealth categories after discussing in detail concepts and indicators of poverty. Results: Community defined indicators of poverty covered themes related to type of employment, educational attainme...
