Sarveshwar Biyani News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NRIs will be allowed to set up one-man companies back home
By: Times News Service
Muscat: Non-resident Indians (NRIs) will be able to set up one-person companies back home soon, following the proposal by Union Minister for Finance and Corporate Affairs to incentivise their incorporation into the Indian economy.
Sitharaman was speaking while presenting the Union Budget 2021 on Monday.
The incorporation of OPCs in India will help the NRIs to enter the domestic market, and will also provide them a livelihood once they return home.
Announcing the scheme, the finance minister said, “Incorporation of OPCs will be incentivised by allowing such companies to grow without restriction on paid-up capital and turnover, allowing conversion into any other type of company at any time, reducing the residency limit for an Indian citizen to set up an OPC from 182 days to 120 days, and allow also non-resident Indians to incorporate OPCs in India.” ....

Ramanuj Venkatesh , Sarveshwar Biyani , Sv Pittie Sohar , Union Budget , Corporate Affairs , Non Resident Indians , Union Minister , Sohar Textiles , Companies Act , ராமானுஜ் வெங்கடேஷ் , சர்வேஷ்வார் பியானி , ஸ்வ் பித்திஎ சோஹர் , தொழிற்சங்கம் பட்ஜெட் , பெருநிறுவன வாழ்க்கைத்தொழில்கள் , அல்லாத குடியிருப்பாளர் இந்தியர்கள் , தொழிற்சங்கம் அமைச்சர் , சோஹர் ஜவுளி , நிறுவனங்கள் நாடகம் ,