One Person Company

OPC Nominee should be reside in india atleast for 182 days of F.Y .....why 182 days criteria..? What exact reason behind this.?

Ramya Devi

CA Inter

★ 580

31-Aug-20 06:33

Answers (4)

Hii

Gourahari Deep

CA Foundation

★ 1K+

31-Aug-20 09:13

For the purpose of satisfying the criteria that he should be an Indian Resident

ruchi lahoti

Moderator

31-Aug-20 09:19

To qualify as aÂ resident Indian, an individual should have spent 182 days or more of a financial year inÂ India, or stayed inÂ IndiaÂ for 60 days or more in the year and for a period of 365 days or more in the 4 years preceding the relevant financial year.