https://www.taxtmi.com/acts?id=18294 Rule 3 requires that only a natural person who is an Indian citizen may incorporate a One Person Company and act as its nominee, with residency defined by prescribed stay criteria. A person cannot be member or nominee of more than one OPC simultaneously; nomination based additional membership must be regularised within a statutory cure period. Minors are prohibited from membership or nomination and from holding beneficial share interest. OPCs are barred from being Section 8 companies and from conducting non banking financial investment activities, including investments in corporate securities. en-us Mon, 31 Mar 2014 19:07:14 +0530 Mon, 16 Mar 2026 15:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18294 Rule 3 requires that only a natural person who is an Indian citizen may incorporate a One Person Company and act as its nominee, with residency defined by prescribed stay criteria. A person cannot be member or nominee of more than one OPC simultaneously; nomination based additional membership must be regularised within a statutory cure period. Minors are prohibited from membership or nomination and from holding beneficial share interest. OPCs are barred from being Section 8 companies and from conducting non banking financial investment activities, including investments in corporate securities. Act-Rules Companies Law Mon, 31 Mar 2014 19:07:14 +0530 https://www.taxtmi.com/acts?id=18294