alleryUnder Section 2(62), a One Person Company (OPC):
AMust be a public company
BMay have up to 50 members
CHas only one person as a member and is a private company
DCan be formed by a body corporate
Answer & Solution
Correct answer: C. Has only one person as a member and is a private company
An OPC has a single member, is a private limited company, and its memorandum must name a nominee.
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