Who can be the founder of ‘one person company’ ?
Only a natural person who is an Indian citizen is eligible to incorporate a one person company, whether resident in India or otherwise. Indian origin without citizenship…
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Who can be the founder of ‘one person company’ ?
Answer and explanation
Correct answer B
Only a natural person who is an Indian citizen is eligible to incorporate a one person company, whether resident in India or otherwise. Indian origin without citizenship does not satisfy this requirement, and eligibility does not depend on paying the stated amount of income tax.
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