A Brand New Business Ownership Concept
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One essential function of the OPC concept is the conduction of Annual General Meeting. The concept would boost the movement of international funds into India, as the requirement for a nominee shareholder could be finished away with. Besides, the concept will increase circulation of international funds in India because the requirement of nominee shareholder can be done away with. The Draft Companies Bill, 2009, (Bill No. Fifty nine of 2009), as launched in Lok Sabha on 3rd August 2009, introduces the OPC idea for the primary time in India. Some of the the provisions in the Draft Bill
