Nearly 4,000 one-person firms registered in 2015-16
Nearly 4,000 one-person companies have been registered in the country in the 2015-16 fiscal, a 75% jump from the year-ago period, the Parliament was informed on Friday. Further, over the last five fiscals, 918 foreign companies got registered in India. Notably, one-person companies benefit entrepreneurs and facilitate easier access to funding sources through an institutional establishment.