πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      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.

      Practice Next
      ask-question