CAN MINOR BECOME MEMBER OF ONE PERSON COMPANY(OPC)?

One person company (OPC) – “One Person Company” as a company which has only one person as member.

Minor means to an individual who is under the age of majority, which is typically 18 years old in most countries. The age of majority is the age at which a person is legally considered an adult and gains certain rights and responsibilities. Until reaching the age of majority, minors are generally regarded as having limited legal capacity and may require parental or guardian consent for certain activities or decisions.

NOTE – No minor shall become member or nominee of the One Person Company or can hold share with beneficial interest.