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In the contex...

Question

In the context of 'One Person Company' (OPC), which of the following statements is correct?

A

The correct of OPC is new for India

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B

OPC has only one person as a member

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C

OPC can be a company limited by shares, guarantee or even unlimited

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D

All of the above

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Solution

The correct option is D All of the above
OPC (One Person Company) is a revolutionary concept introduced by Companies Act 2013 to give more business opportunities under the umbrella of corporate entity.
All the statement given are correct as these are the basic features of OPC:
1) Its a new concept in India
2) It has only one person as member.
3) This can be a company limited by shares, guarantee or even unlilited.

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Q. Which of the following statement is/are correct in relation to One Person Company (OPC) as per the Companies Act, 2013?

(1) Minor can become member or nominee of the OPC
(2) Minor can hold share with beneficial interest in OPC
(3) Natural person who is an Indian citizen and resident in India can only incorporate OPC
(4) OPC can carry out non-banking financial investment activities
(5) OPC can convert voluntarily into any kind of company after 2 years from the date of incorporation

Select the correct the answer from the options given below-

Q. Consider the following statements:
1. An OPC may have a board which is constituted of only one person i.e. the member himself.
2. Provisions related to voluntary winding up or winding up by Tribunal are not applicable to OPC.
3. A company can be member or subscriber of OPC.
Which of the above statement/s is/are not true?

Q. Consider the following statements :
1.Neither the Companies Act, 1956 not the Companies Act, 2013 defines the term 'Person' i.e. the one member of OPC
2. The one member of OPC can be either a natural person or a Juridical person.
3. An OPC cannot be converted into any other class of company.
Which of the above statement/s is/are not true?

Q. Which of the following person is NOT eligible to incorporate One Person Company (OPC) as per Companies Act, 2013?
(1) Indian citizen and resident in India
(2) Person who has already incorporated one OPC in India
(3) Artificial person
(4) Indian citizen and non-resident in India
Select the correct the answer from the options given below

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

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