A company having only a natural person as an Indian citizen and resident in India and cannot carry out non-banking financial investment activities. Its paid-up share capital is not more than Rs. 50 lakhs. Its average annual turnover of three years does not exceed Rs. 2 crores. Which type of company is this?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → One Person Company
NCERT (2026-27 edition):
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