Which of the following is correct with respect to one person company as per the Companies Act, 2013?
A One Person Company is formed as a private company under section 3(1)(c). Its single-member formation route does not make it a public company. The Act separately provides…
Choose your answer
Which of the following is correct with respect to one person company as per the Companies Act, 2013?
Answer and explanation
Correct answer B
A One Person Company is formed as a private company under section 3(1)(c). Its single-member formation route does not make it a public company. The Act separately provides for a nominee to become a member in the specified death or incapacity situation.
Practice for these exams
-
All India Bar Examination (AIBE)
Subject revision
See pack details on LawMint.net -
UGC NET Law
Subject revision
See pack details on LawMint.net -
IIT Kharagpur LL.M. Entrance
Subject revision
See pack details on LawMint.net -
Gujarat Law Officer (Skill Development)
-
CLAT PG
Subject revision for a passage-based exam
-
CUET PG Law (LL.M.)
Subject revision
-
AILET PG
Subject revision
-
Bihar Judicial Services
Subject revision