Tag Archives: single

Govt to allow single-person company

company

MNA National Desk: The government is set to amend the Companies Act-1994 to allow formation of a company by single person. A new section, ‘One-Person Company’, will be incorporated with the existing law in this regard, according to a press statement issued on Sunday by Ministry of Law, Justice & Parliamentary Affairs. To this effect, a consultation meeting with stakeholders was held at the Ministry of Law, Justice and Parliamentary Affairs on Sunday. The meeting was organised by the Legislative Research and Reform Project and the law will be implemented by the Legislative and Parliamentary Affairs Department. The objective of ...

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