Abstract

The new bill of trade act has allowed the establishment of one man`s company in the form of limited company. These companies may look contrary to the rules governing the corporation contract. Is this in line with needs of trade activists and how can such  companies be compared to corporation contracts is the subject of this article. We also look at the company act of India and China. Meaning, history and the way of  founding and managing these companies and legal bases of these companies are also discussed.