https://www.taxtmi.com/circulars?id=52412 Rules prescribe OPC eligibility-only a natural Indian resident may incorporate and be nominee, with a cap on number of OPCs per person and deadlines to regularise nominee membership; subscribers must nominate successor members with prior written consent and file prescribed nomination forms and notices on incorporation, withdrawal or change of nominee. OPCs exceeding prescribed capital, turnover or balance-sheet thresholds must convert into private or public companies within a fixed period, alter constitutional documents by resolution, notify the Registrar and comply with conversion formalities; noncompliance attracts fines. en-us Mon, 09 Sep 2013 00:00:00 +0530 Thu, 12 Sep 2013 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52412 Rules prescribe OPC eligibility-only a natural Indian resident may incorporate and be nominee, with a cap on number of OPCs per person and deadlines to regularise nominee membership; subscribers must nominate successor members with prior written consent and file prescribed nomination forms and notices on incorporation, withdrawal or change of nominee. OPCs exceeding prescribed capital, turnover or balance-sheet thresholds must convert into private or public companies within a fixed period, alter constitutional documents by resolution, notify the Registrar and comply with conversion formalities; noncompliance attracts fines. Circulars Companies Law Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52412