Which of the following statements is true in the context of a One Person Company under the Companies...........

Companies Act( Revenue Account ) Introduction to Company Act

Which of the following statements is true in the context of a One Person Company under the Companies Act, 2013 ?

It can function as a Non-Banking Finance Company.

It can be converted into a company under Section 8 of the Act.

It need not hold the Annual General Meeting.

It can have beneficial shareholders who are minors.

It need not hold the Annual General Meeting.

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