Section 193 of CA 2013 : Section 193: Contract By One Person Company
CA 2013
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Explanation using Example
Imagine a scenario where John is the sole member and director of "John's Digital Solutions OPC Private Limited", a One Person Company (OPC). John decides that the company should purchase a new software license to provide better services to clients. Since John is the only member and also the director, he enters into a contract with a software vendor on behalf of his company.
According to Section 193 of The Companies Act, 2013, since the contract is between the company and its sole member who is also the d...
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