What is the full form of OPC which is a

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Target Exam

CUET

Subject

Accountancy

Chapter

Accounting for Shares

Question:

What is the full form of OPC which is a category of the company on the basis of the number of members?

Options:

One Personal Company

One Person Company

Only Personal Company

Only Perpetual Company

Correct Answer:

One Person Company

Explanation:

One Person Company (OPC): Sec. 2 (62) of the companies Act, 2013, defines OPC as a “company which has only one person as a member”.