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Question
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-
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-
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Solution
The correct option is B (3) & (5) only
One Person Company means a company which has only one person as a member. As per rule 3 of Companies (Incorporation) Rules,2014, only a natural person who is an Indian citizen and resident in India shall be eligible to incorporate a One Person Company and shall be a nominee for the sole member of a One Person Company.
One Person Company means a company which has only one person as a member. As per rule 3 of Companies (Incorporation) Rules,2014, only a natural person who is an Indian citizen and resident in India shall be eligible to incorporate a One Person Company and shall be a nominee for the sole member of a One Person Company.
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