Question

According to the Companies Act, 2013, One Person Company (OPC) means ___________.

• A. a company which has only one Director
• B. a company which has only one member
• C. a company which has only one Managing Director
• D. none of the above

Answer 1

Answer: (B)

a company which has only one member

One Person Company (OPC) is a revolutionary step in India to facilitate more business friendly corporation in India.

One Person Company is defined in sub section 62 of section 2 of the Companies Act 2103 which describe as:

" One Person Company means a company which has only one member".