Mr A is desirous of forming an One Person Company OPC for which he wants to nominate his wife Mrs A ...........

Companies Act-Phase (I & II) Introduction to Company Act

Mr. A is desirous of forming an One Person Company (OPC) for which he wants to nominate his wife Mrs. A, who in the event of death of Mr. A, shall become the member of OPC. But Mr. A is not aware of as to which document should contain the name of nominee. Advise him:

Name of nominee should be mentioned in AOA

Name of nominee should be mentioned in MOA

Both AOA and MOA

None of the above

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Explanation:

OPC can have only one person as member and one nominee, whose name should be mentioned in MOA. Only a natural person who is an Indian Citizen and Resident in India is eligible to incorporate an OPC and nominee for the sole member of the OPC.