Nominee and opc

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166 Points Posted on 27 March 2021
if both member and nominee dies then will opc dissolve or it will continue??
if it dissolves then what is the use of perpetual succession?
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On 27 March 2021 at 09:06 Report
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Quick Summary
This discussion explores the fate of an One Person Company (OPC) when both the sole member and their nominee die. It clarifies that an OPC does not dissolve automatically; instead, the business is transferred to the legal heir of the deceased member. If no legal heir is available, the business may pass to the government, ensuring continuity rather than dissolution.

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Chartered Accountant
24588 Points Posted on 27 March 2021
No company is perpetual succession it is other than person
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On 27 March 2021 at 10:08
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Professional
1979 Points Posted on 29 March 2021
Sucession will work here .
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On 29 March 2021 at 20:18
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127 Points Posted on 31 March 2021
The business will be transferred to his/her legal heir or to the govt if no legal heir is there in that case
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On 31 March 2021 at 20:05

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