Who is eligible for nominee of OPC?

Who is eligible to act as a member of an OPC? Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.

Can a nominee of OPC be a director?

To register a one person company, a nominee must be designated by the sole director of the company. Since one person companies only have one director, the nominee would become the member of the company in case of the subscriber’s death or incapacitation.

Is Nominee mandatory for OPC?

Is it mandatory to appoint Nominee in case of OPC? Ans. Yes, it is mandatory to nominate a person, (who shall meet the criteria as discussed above), at the time of incorporation, with his prior consent in the Form INC-3.

Who is a Nominee shareholder?

Nominee shareholder refers to the holder of shares on behalf of another person or beneficial owner or original holder of shares. A nominee is person who is described in that mandate.

Is nominee mandatory for OPC?

Who is a nominee shareholder?

Can minors be nominee in OPC?

Becoming a Nominee of One Person Company The nominee must be a major, Indian citizen and Indian resident. A minor cannot beocme a member or nominee of a one person company or be able to acquire shares in another one person company.

Who is a nominee director?

Appointment of Nominee Director. A Nominee Director is a director in a company who has been appointed by financial institutions, banks or investors to form part of the Board of Directors. Appointment of nominee directors is governed by and subject to the provisions of the articles of association of the company.

Who appoints nominee directors?

Nominee directors are usually appointed by financial institutions or investors, generally referred to as nominators, on the board of the borrower company for the purpose of representing and safeguarding their interest thereof.