The Ministry of Corporate Affairs (MCA) vide its notification dated June 01, 2022, has notified The Companies (Appointment and Qualification of Directors) Amendment Rules, 2022, and the said rules are applicable from immediate effect i.e. June 01, 2022.
The concept of a One Person Company is newly added in the Companies Act, 2013. Before the enactment of the Companies Act, 2013 there was no concept of One Person Company.
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