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ASSERTION: Sec2(62) of the Companies Act, 2013 defines One person company as “One person company means a company which has only one person as member” REASON: It can be formed for charitable purpose also.(i) Both A and R are correct (ii) Both A and R are in correct (iii) A is correct but R is not correct explanation of A (iv) A is incorrect by R is correct.

Answer»

(iii) A is correct but R is not correct explanation of A 



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