Nominee Under One Person Company
To register an OPC, a nominee must be designated by the sole director of the company. Because one person companies only have one director, the nominee would become the member of the company in case of the death or incapacitation of subscriber. According to the first provision to section 3(1) of the Companies Act 2013, at the time of incorporation of OPC, the sole member of OPC is needed to… Read More »Nominee Under One Person Company