Does OPC have AOA MOA?

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Does OPC have AOA MOA?

The same is required to be enclosed as attachment in eForm INC 32 (SPICe). 5. File Form SPICe MOA and Form SPICe AOA with the Registrar pursuant to section 4 and 5 of Companies Act, 2013 respectively. Further, the MOA of an OPC shall contain an additional clause i.e. nominee clause.

What is mandatory for OPC?

Income tax returns, Financial statement, and annual statement filing is a must for every OPC. Law requires all the above-given filings. Every year you have to comply with the concerned authority. These compliances can be made online; you can file your application online on their official websites.

What are the documents required for OPC?

Documents Required For OPC Registration

  • Copy of PAN Card of owner.
  • Passport size photograph of the owner.
  • Copy of Aadhaar Card/ Voter identity card.
  • Copy of Rent agreement (If rented property)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Landlord NOC (Format will be provided)
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What are the compliances for OPC?

OPC Annual compliance may includes Auditor appointment , statutory auditing , annual ROC filing , DIN KYC of director and Income Tax filing. Apart from this TDS Filing , GST Filing , PF Filing etc. compliances may be applicable to OCP on certain conditions.

Who can be nominee in OPC?

Who is eligible to act as a member of an OPC? Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC.

Can we convert OPC to Pvt Ltd?

The OPC can voluntarily convert itself into any kind of company, including a private limited company at any time without meeting the criteria of paid up share capital and average annual turnover.

Is auditor appointment mandatory for OPC?

AUDITOR’S APPOINTMENT Since the statutory audit is mandatory to be conducted for an OPC. An OPC must also appoint a statutory auditor to be appointed for 5 years via form ADT-1 within 15 days of the first Annual General Meeting.

Is AGM required for OPC?

All companies except one person company (OPC) should hold an AGM after the end of each financial year. A company must hold its AGM within a period of six months from the end of the financial year. In such cases where the first AGM is already held, there is no need to hold any AGM in the year of incorporation.

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How many subscribers subscribers to the MOA are required for the OPC private company public company and producer company?

A subscriber subscribes to the shares of the company at the time of its incorporation. For the purpose of incorporation, private companies need to have at least 2 subscribers, public companies, 7 subscribers, and one-person companies, 1 subscriber.

How can I appoint subsequent auditor in OPC?

As per sec 139(1) of the Companies Act, 2013 every company/OPC shall at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting (AGM).

Where can I download the moa AOA of OPC?

Download MOA AOA Of OPCYou can download the MOA AOA Of OPC from the downloads section of CAKART. Click on the above image to visit the downlod page at CAKART. You can also download all important files for CA CPT exams from the download section of CAKART.

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Does moa have to be drafted very carefully?

MOA has to drafted very carefully as the company cannot go against anything that is mentioned in this document. Even AOA has to comply with MOA. For example, if you have mentioned under object clause that you will do real estate business in your MOA then you cannot do any other business under this company name.

What is the difference between Moa and articles of association?

Memorandum of Association (MOA) is a document that contains all the fundamental data which are required for the company registration. Articles of Association (AOA) is a document containing all the rules and regulations that govern the company. MOA and AOA are the two most important documents that has to be drafted while forming a company.

What is AOA and why is it used?

AOA is used to draft the rules and regulations that the company has to follow and the layout of internal management of the company. AOA should be drafted in such a way that it should not violate anything that is mention in MOA.