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

Monjur Alahi

Justify the following statement:

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


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Salim Ahmed Kawsar

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  • 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.

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