Dear Members ///
Can a PIO holder register a one person company in India
Pramod P.R (Others) (37 Points)
20 March 2015Dear Members ///
Can a PIO holder register a one person company in India
Arpit Shah
(Accountant)
(21438 Points)
Replied 20 March 2015
CHECK FILE
Rajesh Kumar
(Consultancy)
(93 Points)
Replied 20 March 2015
Hi Pramod,
According to Rule 3(1) of the companies(incorporation) Rules 2014 provides that only a natural person who is an indian citizen and resident in india eligible to incorporate OPC.
As per your Question A PIO card holder cannot form the OPC.
A person should be the resident and citizen of india.
Regards
Rajesh Kuamr
Pramod P.R
(Others)
(37 Points)
Replied 20 March 2015
| Originally posted by : Rajesh Kumar | ||
 |
Hi Pramod, According to Rule 3(1) of the companies(incorporation) Rules 2014 provides that only a natural person who is an indian citizen and resident in india eligible to incorporate OPC. As per your Question A PIO card holder cannot form the OPC. A person should be the resident and citizen of india. Regards Rajesh Kuamr |
 |
Thanks Rajesh for the information. But I have a query.
if the PIO holder stays in India for more than 182 days will he be treated as resident.
Rajesh Kumar
(Consultancy)
(93 Points)
Replied 24 March 2015
Hi Pramod,
If you stay in India for at least 182 days during a PY, you are a resident.
Regrads
Rajesh Kumar
CAclubindia
