Aryan Raj 04 February 2022
In response to your query,
This change is expected to benefit more than 2 lakh businesses in terms of required compliance. In addition, the Budget provided room for simplifying the rules around the formation of One Person Companies (OPCs) by lowering the residency limit for non-resident Indians (NRIs) from 182 to 120 days. Allowing them to convert into any form of business at any time.