Which of the following is true of an OPC?
AA person may form unlimited OPCs
BA minor can be its member
CA body corporate can be its sole member
DOnly a natural person who is an Indian citizen (resident ≥120 days) can incorporate it, and a nominee must be named
Answer & Solution
Correct answer: D. Only a natural person who is an Indian citizen (resident ≥120 days) can incorporate it, and a nominee must be named
Only a natural Indian citizen (resident at least 120 days in the preceding FY) may form an OPC or be its nominee; no minor; and no person may have more than one OPC.
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