What are the Liabilities of the subscriber in case of One Person Company?
The liability of the member of the OPC may be limited or unlimited, and the Memorandum of Association of the OPC shall state,â€”
(i) in the case of a company limited by shares, that liability of its member is limited to the amount unpaid, if any, on the shares held by them; and
(ii) in the case of a company limited by guarantee, the amount up to which member undertakes to
Â· to the assets of the company in the event of its being wound-up while he is a member or within one year after he ceases to be a member, for payment of the debts and liabilities of the company or of such debts and liabilities as may have been contracted before he ceases to be a member, as the case may be; and
Â· to the costs, charges and expenses of winding-up and for adjustment of the rights of the
contributories among themselves