Rules for Incorporation of One Person Company
Only One Person Needed
Only one person can incorporate an OPC
Indian Citizenship Required
Individual must be a resident of India and an Indian citizen
Nomination Necessary
Individual must nominate a nominee who will become owner in case of death or disability of original owner
Registration is a Must
OPC must be registered as a private limited company and have "OPC" mentioned in its name
Maintain Records and Audit
OPC must maintain proper books of accounts and undergo an annual audit
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