Question

    How many persons are required to form a One Person

    Company (OPC) under the Companies Act, 2013?
    A Only 1 person Correct Answer Incorrect Answer
    B At least 2 persons Correct Answer Incorrect Answer
    C 1 individual and 1 nominee Correct Answer Incorrect Answer
    D Only corporate body Correct Answer Incorrect Answer
    E 1 person and 2 witnesses Correct Answer Incorrect Answer

    Solution

    An OPC is a type of company that can be formed by a single individual as both shareholder and director. It allows sole proprietors to take advantage of corporate benefits while maintaining single ownership.

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