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Opc member

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(Querist)
27 January 2015 can only an indivisual become a member of opc ..as the word person includes both artificial n natural person
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 January 2015 Yes only individual to become member of OPC.

The concept of ‘One Person Company’ (OPC) may be introduced in the Act with following characteristics :-

a) One Person Company (OPC) may be registered as a private Company with one member and may also have at least one director;

b) Adequate safeguards in case of death/disability of the sole person should be provided through appointment of another individual as Nominee Director. On the demise of the original director, the nominee director will manage the affairs of the company till the date of transmission of shares to legal heirs of the demised member.
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