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India Eases Norms, Allows NRIs to Incorporate One Person Companies


INDIA New England News
New Delhi–The Ministry for Corporate Affairs (MCA) has amended the rules to allow One Person Companies (OPC) to grow without any restrictions on paid up capital and turnover.
An official statement said that the amendment would allow their conversion into any other type of company at any time, reduce the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days and also allow Non-Resident Indians (NRIs) to incorporate OPCs in India.
According to the government, the move will directly benefit startups and innovators in the country, especially those who are supplying products and services on e-commerce platforms, and will bring in more unincorporated businesses into the organised corporate sector. ....

New Delhi , Person Companies , Ministry For Corporate Affairs , Corporate Affairs , One Person Companies , Non Resident Indians , Companies Act , புதியது டெல்ஹி , நபர் நிறுவனங்கள் , அமைச்சகம் க்கு பெருநிறுவன வாழ்க்கைத்தொழில்கள் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் , ஒன்று நபர் நிறுவனங்கள் , அல்லாத குடியிருப்பாளர் இந்தியர்கள் , நிறுவனங்கள் நாடகம் ,

MCA eases norms for One Person Companies, lets NRIs in


MCA eases norms for One Person Companies, lets NRIs in
​ By
IANS
|
Published on
​ Wed, Feb 3 2021 22:06 IST
|
​ 0 Views
 
New Delhi, Feb 3 : The Ministry for Corporate Affairs (MCA) has amended the rules to allow One Person Companies (OPC) to grow without any restrictions on paid up capital and turnover.
An official statement said that the amendment would allow their conversion into any other type of company at any time, reduce the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days and also allow Non-Resident Indians (NRIs) to incorporate OPCs in India.
According to the government, the move will directly benefit startups and innovators in the country, especially those who are supplying products and services on e-commerce platforms, and will bring in more unincorporated businesses into the organised corporate sector. ....

New Delhi , Person Companies , Ministry For Corporate Affairs , Corporate Affairs , One Person Companies , Non Resident Indians , Companies Act , புதியது டெல்ஹி , நபர் நிறுவனங்கள் , அமைச்சகம் க்கு பெருநிறுவன வாழ்க்கைத்தொழில்கள் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் , ஒன்று நபர் நிறுவனங்கள் , அல்லாத குடியிருப்பாளர் இந்தியர்கள் , நிறுவனங்கள் நாடகம் ,