Business Studies · Forms of Business Organisation
How is the legal liability defined for the sole member in a One Person Company (OPC)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The member has no accountability regarding company profits or losses.
- 2All company liabilities are equally shared with the nominee director.
- 3The member is personally and unlimitedly liable for all company debts.
- 4The member’s liability is limited to the unpaid value of shares held by them.✓
Correct answer
The member’s liability is limited to the unpaid value of shares held by them.
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