Memorandum Of Association Of One Person Company Template for India

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Key Requirements PROMPT example:

Memorandum Of Association Of One Person Company

"I need a Memorandum of Association of One Person Company for my technology consultancy business, with a focus on AI and software development services, planning to start operations in Bangalore by March 2025, with an initial capital of Rs. 10 lakhs."

Document background
The Memorandum of Association of One Person Company is a mandatory incorporation document introduced following the Companies Act, 2013 in India. This document is required when an individual wishes to incorporate a company as the sole shareholder, providing limited liability protection while maintaining full control. It contains essential information about the company's structure, including the company name, registered office location, business objectives, capital structure, and details of both the sole member and their nominee. The document must comply with specific requirements set by the Ministry of Corporate Affairs and serves as evidence of the company's existence and scope of operations. It's particularly useful for entrepreneurs who want to operate with corporate status but don't wish to or cannot involve other shareholders in their business venture.
Suggested Sections

1. Name Clause: States the name of the One Person Company with 'OPC' as suffix

2. Registered Office Clause: Specifies the state where the registered office of the company will be situated

3. Object Clause: Details the main objects, ancillary objects, and other objects of the company

4. Liability Clause: Declares the limited liability nature of the sole member

5. Capital Clause: States the authorized share capital of the company and its division into shares

6. Subscription Clause: Contains details of the sole subscriber including name, address, and number of shares subscribed

7. Nominee Details: Mandatory section providing details of the nominee who will become member in case of subscriber's death/incapacity

Optional Sections

1. Association Clause: Optional declaration of the sole member's desire to form the company - used when emphasizing the formation intent

2. Other Business Activities: Additional business activities that the company may undertake in future - included when business diversification is planned

3. Foreign Collaboration Details: Required only if the OPC plans to have foreign collaborations or investments

4. Intellectual Property Rights: Include when the company's business model relies heavily on intellectual property

5. Branch Office Provisions: Required only if the company plans to establish branch offices

Suggested Schedules

1. Schedule A - Subscriber Details: Detailed information about the sole subscriber including identification proof, PAN, and contact details

2. Schedule B - Nominee Details: Comprehensive information about the nominee including consent form and identification documents

3. Schedule C - Main Objects: Detailed description of the main business objectives of the company

4. Schedule D - Asset Details: List of initial assets being brought into the company by the subscriber

5. Appendix 1 - Consent Forms: Required forms and declarations from the subscriber and nominee

6. Appendix 2 - Supporting Documents: Copies of required identification and address proofs

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Retail

Technology

Professional Services

Manufacturing

E-commerce

Healthcare

Education

Consulting

Real Estate

Financial Services

Agriculture

Food and Beverage

Logistics

Entertainment

Tourism

Relevant Teams

Legal

Corporate Affairs

Compliance

Corporate Governance

Company Secretarial

Business Development

Administration

Risk Management

Documentation

Corporate Planning

Relevant Roles

Company Secretary

Legal Counsel

Corporate Lawyer

Business Owner

Entrepreneur

Compliance Officer

Managing Director

Chief Executive Officer

Legal Administrator

Corporate Governance Officer

Business Consultant

Incorporation Specialist

Company Registration Agent

Legal Documentation Officer

Corporate Affairs Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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