Who is eligible for OPC in India?

One Person Company Eligibility in India A natural person who is an Indian citizen and resident in India for at least 182 days during the immediately preceding financial year. He/she cannot be a member or nominee of more than one OPC. Minors are not allowed as members or nominees.

Who can be nominated by the member of OPC as nominee?

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 eligible to act as a member of OBC?

In order to qualify as an OBC non-creamy layer candidate, the applicant’s parents’ annual income should be less than Rs. 8 lakhs. Salary and agricultural income are not to be considered as income for calculating annual income for creamy layer status.

Can a minor be a member of OPC?

One-Person Company (OPC) can be registered only a person who is a Citizen of India whether Resident in India or elsewhere. No minor can become member or nominee of the One-Person Company or can hold share with beneficial interest. OPC cannot be incorporated or converted into a company under section 8 of the Act.

Who can register one person company?

A One Person Company Registration in India can be obtained under the Companies Act 2013 with just one single member and one Director. The Director and member can also be the same person. Here an individual who may be a resident or Non-resident Indian can register an OPC in India.

Can nominee withdraw consent from OPC?

As per Rule 4(3) and (4) of the Companies (Incorporation) Rules 2014: Step 1: A nominee may withdraw his consent by giving a written notice to the OPC Member/Subscriber and to the OPC concerned. Step 2: The sole member/subscriber to nominate a new person as his nominee within 15 days of the notice of withdrawal.

Can a person be nominee in two OPC?

NOTE: A person can be member of one OPC only at a time but he can be nominee of other OPC. A person cannot act as member or nominee of more than one OPC at a time.