Under the Companies Act, 2013, the memorandum of a One Person Company shall indicate:
The first proviso to s.3(1) requires the memorandum of a One Person Company to indicate the name of the other person, "with his prior written consent", who becomes the…
Choose your answer
Under the Companies Act, 2013, the memorandum of a One Person Company shall indicate:
Answer and explanation
Correct answer B
The first proviso to s.3(1) requires the memorandum of a One Person Company to indicate the name of the other person, "with his prior written consent", who becomes the member if the subscriber dies or becomes incapable of entering into contract. The memorandum does not name the auditor, a creditor or the directors.
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