The nominee of the member of OPC becomes its member on the death of the member.

Justify the following statement:

The nominee of the member of OPC becomes its member on the death of the member.

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

In an acquisition of membership, there are different ways to become a member of the company.
In the case of One Person Company, the name of the nominee is given beforehand in the Memorandum of One Person Company.
So, in case of the death of a member, his nominee automatically becomes the sole owner of the company.
But he cannot be called as a member of the company until all procedure of transmission of shares is completed.
Thus, I agree with the above statement.

5 views Answered 2023-02-05 15:29

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