MCQs · Q5
Q.A company that has only one person as its member, as recognised under Section 2(62) of the Companies Act, 2013, is called a:
(a) Private Company
(b) Sole Proprietorship
(c) One Person Company (OPC)
(d) Statutory Company
Maharashtra MsbshseTextbookSubjectiveImportance★★★★★est
75% · 9/12 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Section 2(62) introduced the One Person Company (OPC) specifically to let a single entrepreneur enjoy the benefits of the company form — separate legal entity, limited liability — without needing a second member, unlike a private company which requires a minimum of 2.
Option-by-option analysis:
- (a) Incorrect — a Private Company (Section 2(68)) requires a MINIMUM of 2 members, not 1. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.