Can OPC issue preference shares
No, an OPC (One Person Company) is not allowed to issue preference shares. According to the Companies Act, 2013 in India, which governs OPCs, an OPC can only issue equity shares to its sole shareholder. it, which carry certain preferential rights such as priority in payment of dividends or repayment of capital, are not permitted for OPCs.
To visit: https://www.mca.gov.in/
The concept of OPC was introduced to provide a suitable business structure for small entrepreneurs who want the benefits of limited liability but prefer to run the business as a single person. Therefore, OPCs have limitations on various aspects, including the types of shares they can issue.
For further details access our website: https://vibrantfinserv.com
Contact: 8130555124, 8130045124
Whatsapp: https://wa.me/918130555124
Mail ID: operations@vibrantfinserv.com
Web Link: https://vibrantfinserv.com
FB Link: https://fb.me/vibrantfinserv
Insta Link: https://www.instagram.com/vibrantfinserv2/
Twitter: https://twitter.com/VibrantFinserv
Linkedin: https://www.linkedin.com/in/vibrant-finserv-62566a259/
