Court's power to form Board of Directors of a compnay.
Even though the court is always reluctant to meddle in a company's internal affairs, there are instances in which it creates the board of directors for the company when it believes that it is required to do so by Statutory duty.
Exploring the Dynamics: Private Limited Company vs. One-Person Company – Incorporation, Operation, and Management Compared
Private Limited Companies are appropriate for firms with several stakeholders because they provide shared ownership and organized decision-making processes. In contrast, OPCs cater to individual entrepreneurs and offer exclusive ownership, efficient operations, and direct control. In the end, by observing the differences it can be established that, both companies have their own characteristics that distinguish them from one another.
