Question
Under the Companies Act, 2013, the concept of "One
Person Company" (OPC) was introduced. Which of the following statements about OPC is INCORRECT?Solution
Explanation:  Under the Companies Act, 2013, no minor shall become a member or nominee  of a One Person Company or hold shares with beneficial interest. The OPC is a concept introduced for the first time under this Act, allowing a single individual to form a company. All other options are correct a person cannot incorporate more than one OPC, it cannot carry out NBFI activities, and the sole member can also serve as director.
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