Which of the following statements is/are correct with reference to the one-person companies (OPCs)?

A. It can be formed by just one person as a shareholder.

B. Union Finance Minister Nirmala Sitharaman announced measures to ease norms on setting up one-person companies (OPCs).

C. Both A & B

D. None of these

Explanation:

Union Finance Minister Nirmala Sitharaman announced measures to ease norms on setting up one-person companies (OPCs). As the name suggests, a one-person company is a company that can be formed by just one person as a shareholder.