Criminal Trident Pack: IPC, CrPC and IEA by Sr. Adv. G.S Shukla and Adv. Raghav Arora
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Atharv Sankliya   03 February 2022

why the limit of 182 days in OPC

why the limit of 182 days in OPC is changed to 120 days is their any logic??


Learning

 1 Replies

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.

Regards,

Aryan Raj 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Post a Suggestion for LCI Team
Post a Legal Query