One person company
Section 2(62) of the Companies Act 2013 defines One person company (OPC) as a company which has only one person as a member.
Any natural person (should not be minor) who is an Indian citizen whether a resident in India or not i.e. NRI shall be eligible to incorporate a One Person Company and appoint nominee of an OPC, Timeline for Non-resident individuals has been reduced to 120 days.
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