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      Question

      According to The Companies Act 2013, which of the

      following statement is incorrect with regards to OPC (One Person Company)?
      A The memorandum of OPC shall indicate the name of the other person, who shall, in the event of the subscriberโ€™s death or his incapacity to contract, become the member of the company Correct Answer Incorrect Answer
      B Such Company cannot carry out Non-Banking Financial Investment activities including investment in securities of anybody corporate Correct Answer Incorrect Answer
      C Minor shall become member or nominee of the OPC or can hold share with beneficial interest Correct Answer Incorrect Answer
      D One person company has been introduced to encourage entrepreneurship and corporatization of business Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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