The Articles of Incorporation For One Person Corporation is a mandatory document required when establishing a One Person Company (OPC) in India under the Companies Act, 2013. This document type was introduced as part of India's efforts to formalize small businesses and provide entrepreneurs with a structured way to operate with limited liability protection. It contains essential information about the company's structure, including details of the sole shareholder, nominee arrangements, share capital, and operational guidelines. The document must be filed with the Registrar of Companies and serves as the foundation for the company's legal existence. It's particularly useful for entrepreneurs, professionals, and small business owners who want to operate their business as a formal corporate entity while maintaining sole ownership and control.
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1. Name Clause: Specifies the proposed name of the One Person Corporation and declaration of company type as OPC
2. Registered Office Clause: States the state/union territory where the registered office will be situated
3. Object Clause: Details the main objects, ancillary objects, and other objects of the company
4. Liability Clause: Declaration of limited liability of the sole member
5. Capital Clause: Details of authorized share capital and its division
6. Sole Member Details: Information about the single member/shareholder including name, address, and occupation
7. Nominee Details: Mandatory information about the nominated person who will become member in case of death/incapacity of the sole member
8. Management Provisions: Details about the sole director (who is typically the member) and management structure
9. General Powers: Powers and duties of the sole director/member in managing company affairs
1. Additional Business Activities: Optional section for describing intended future business activities beyond main objects, used when company plans future expansion
2. Banking Operations: Specific provisions regarding banking arrangements and authorized signatories, included when specific banking procedures need to be established
3. Digital Signatures: Provisions for use of digital signatures in company operations, included when company plans to operate primarily digitally
4. Conversion Provisions: Specific provisions regarding future conversion to private/public company, included when future expansion is anticipated
5. Foreign Investment Provisions: Special provisions related to foreign investment, included when foreign investment is expected
1. Schedule I - Nominee Consent: Written consent and details of the nominated person
2. Schedule II - Initial Subscriber Information: Detailed information about the sole member including KYC documents
3. Schedule III - Share Capital Structure: Detailed breakdown of the company's share capital structure
4. Appendix A - Declaration of Compliance: Statutory declaration of compliance with Companies Act requirements
5. Appendix B - Specimen Signatures: Specimen signatures of the sole member/director and nominee
6. Appendix C - Initial Business Plan: Brief overview of intended business activities and operational plan
Relevant legal definitions
Act
Articles
Board of Directors
Company
Digital Signature
Director
Financial Year
Member
Memorandum
Nominee
One Person Company
Officer
Official Seal
Ordinary Resolution
Register of Members
Registered Office
Registrar
Rules
Seal
Share
Share Capital
Special Resolution
Sole Shareholder
Transfer
Transmission
Writing
Articles
Board of Directors
Company
Digital Signature
Director
Financial Year
Member
Memorandum
Nominee
One Person Company
Officer
Official Seal
Ordinary Resolution
Register of Members
Registered Office
Registrar
Rules
Seal
Share
Share Capital
Special Resolution
Sole Shareholder
Transfer
Transmission
Writing
Clauses
Name and Formation
Registered Office
Objects
Capital Structure
Share Issuance and Transfer
Sole Member Rights and Obligations
Nominee Appointment and Succession
Management and Administration
Director Powers and Duties
General Meetings
Corporate Records and Documentation
Financial Management
Seal and Execution of Documents
Indemnification
Dissolution and Winding Up
Amendment Procedures
Banking Operations
Dispute Resolution
Compliance and Regulatory
Conversion Provisions
Registered Office
Objects
Capital Structure
Share Issuance and Transfer
Sole Member Rights and Obligations
Nominee Appointment and Succession
Management and Administration
Director Powers and Duties
General Meetings
Corporate Records and Documentation
Financial Management
Seal and Execution of Documents
Indemnification
Dissolution and Winding Up
Amendment Procedures
Banking Operations
Dispute Resolution
Compliance and Regulatory
Conversion Provisions
Relevant Industries
Technology and Software
Professional Services
Retail and E-commerce
Manufacturing
Consulting
Healthcare Services
Real Estate
Education Services
Financial Services
Creative and Media Services
Agriculture
Import/Export
Food and Beverage
Personal Services
Relevant Teams
Legal
Corporate Secretarial
Compliance
Corporate Governance
Administration
Finance
Risk Management
Business Development
Executive Leadership
Relevant Roles
Business Owner
Entrepreneur
Company Secretary
Legal Counsel
Corporate Lawyer
Business Consultant
Chief Executive Officer
Managing Director
Compliance Officer
Legal Administrator
Corporate Governance Officer
Business Development Manager
Finance Director
Administrative Officer
Risk Management Officer
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