{"id":55878,"date":"2023-04-27T18:06:41","date_gmt":"2023-04-27T12:36:41","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=55878"},"modified":"2023-04-27T18:06:43","modified_gmt":"2023-04-27T12:36:43","slug":"nominee-consent-form-for-one-person-company","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/nominee-consent-form-for-one-person-company\/","title":{"rendered":"A Detailed Understanding of the Nominee Consent Form for One Person Company"},"content":{"rendered":"\n<p>The nominee is an important position in an OPC as it is required by\nlaw that every OPC must have a nominee who will take over the company&#8217;s\noperations in the event of the owner&#8217;s death or incapacity. The nominee consent\nform, therefore, ensures that the person who will act as the nominee of the OPC\nis aware of their responsibilities and has given their consent to act in this\nposition. In this article, we shall discuss the nominee consent form in the\ncase of one personal Company (OPC).<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/nominee-consent-form-for-one-person-company\/#Who_Is_Considered_To_Be_A_Nominee_In_A_One_Person_Company\" >Who Is\nConsidered To Be A Nominee In A One Person Company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/nominee-consent-form-for-one-person-company\/#What_Is_A_Nominee_Consent_Form\" >What Is A\nNominee Consent Form?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/nominee-consent-form-for-one-person-company\/#Declaration_Stated_By_the_Nominee_While_Incorporating_a_One-Person_Company\" >Declaration Stated\nBy the Nominee While Incorporating a One-Person Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/nominee-consent-form-for-one-person-company\/#Step_To_File_For_the_Nominee_Consent_Form_In_Case_Of_OPC\" >Step To File\nFor the Nominee Consent Form In Case Of OPC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/nominee-consent-form-for-one-person-company\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_Is_Considered_To_Be_A_Nominee_In_A_One_Person_Company\"><\/span>Who Is\nConsidered To Be A Nominee In A One Person Company?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a one-person company, there is only one person who is both the\nowner and the director. Therefore, there are no nominees in the traditional\nsense of the word. However, <strong>the Companies Act 2013<\/strong><sup><a href=\"https:\/\/www.mca.gov.in\/Ministry\/pdf\/CompaniesAct2013.pdf\"><strong>[1]<\/strong><\/a><\/sup> in India, which governs the\nformation and functioning of companies, requires that a one-person company\nshall nominate a person to act as a nominee director in case of death or\nincapacity of the owner. The nominee director will then act as the director of\nthe company until the legal heir or representative of the owner is appointed or\nelected as the director of the company. The nominee director is not a\nshareholder and doesn&#8217;t have any ownership rights in the company. The nominee\ndirector is only responsible for managing the company in the absence of the\nowner.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Is_A_Nominee_Consent_Form\"><\/span>What Is A\nNominee Consent Form?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A nominee consent form is a legal document that is used in the formation of a <strong><a href=\"https:\/\/corpbiz.io\/one-person-company\">One Person Company<\/a><\/strong> (OPC) in India. The nominee consent form is required to be submitted by the person who will act as the nominee of the OPC, and it confirms their consent to be appointed as the nominee of the company.<\/p>\n\n\n\n<p>The nominee consent form for an OPC typically includes the following\ninformation:<\/p>\n\n\n\n<ul><li>Name and address of the nominee<\/li><li>Details of the OPC, including\nits name and registered address<\/li><li>Confirmation of the nominee&#8217;s\nconsent to act as the nominee of the OPC<\/li><li>The terms and conditions of the\nnominee&#8217;s appointment<\/li><li>Declaration by the nominee that\nthey are not disqualified from being a nominee as per the Companies Act, 2013<\/li><li>The signature of the nominee<\/li><\/ul>\n\n\n\n<p>Once the nominee consent form is filled and signed by the nominee,\nit must be submitted along with the other required documents to the Registrar\nof Companies (ROC) during the registration of the OPC. The ROC will then verify\nthe documents &amp; if everything is in order, will issue a CoI or Certificate\nof Incorporation to the OPC, allowing it to legally operate as a company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Declaration_Stated_By_the_Nominee_While_Incorporating_a_One-Person_Company\"><\/span>Declaration Stated\nBy the Nominee While Incorporating a One-Person Company<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When incorporating a One Person Company (OPC) in India, the nominee\nis required to agree to certain declarations in the INC-3 form. These\ndeclarations include:<\/p>\n\n\n\n<ol><li><strong>Consent to Act as a Nominee: <\/strong>The nominee\nmust give his or her consent to act as the nominee of the OPC and agree to the\nterms and conditions of the nomination.<\/li><li><strong>Disclosure of Details:<\/strong> The nominee must\ndisclose his\/her full name, address, occupation, and other relevant details as\nrequired by the form.<\/li><li><strong>Agreement to Act as a Director In Case Of Death\/Incapacity of the\nSole Member: <\/strong>The nominee must agree to act as a\ndirector of the One Person Company in case of death or incapacity of the sole\nmember of the company.<\/li><li><strong>Acknowledgement of the Memorandum and Articles of Association:<\/strong> The nominee must acknowledge that he\/she has read and understood\nthe Memorandum and Articles of Association of the OPC and agrees to abide by\nthe provisions mentioned in the same.<\/li><li><strong>Declaration of Not Being a Minor or Disqualified Person:<\/strong> The nominee must declare that he\/she is not a minor, of sound mind,\nand not disqualified from acting as a director under any law.<\/li><li><strong>Indemnity<\/strong>: The nominee must agree to\nindemnify the company for any losses or damages incurred by the company due to\nany act or omission on his\/her part.<\/li><\/ol>\n\n\n\n<p>These declarations are mandatory for the nominee to agree to while\nincorporating a Person Company in India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_To_File_For_the_Nominee_Consent_Form_In_Case_Of_OPC\"><\/span>Step To File\nFor the Nominee Consent Form In Case Of OPC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you are looking to file a nominee consent form for a One Person\nCompany (OPC) in India, here are the steps you can follow:<\/p>\n\n\n\n<ul><li><strong>Step 1: Obtain The Nominee Consent Form<\/strong><\/li><\/ul>\n\n\n\n<p>The first step is to obtain the nominee consent form from the\nRegistrar of Companies (ROC) or download it from the official website of the\nMinistry of Corporate Affairs (MCA).<\/p>\n\n\n\n<ul><li><strong>Step 2: Fill In The Details<\/strong><\/li><\/ul>\n\n\n\n<p>The next step is to fill in the details of the nominee in the form.\nThis includes the nominee&#8217;s name, address, occupation, PAN card number, and\nAadhaar number.<\/p>\n\n\n\n<ul><li><strong>Step 3: Attach Supporting Documents<\/strong><\/li><\/ul>\n\n\n\n<p>The nominee consent form must be accompanied by certain supporting\ndocuments, such as the nominee&#8217;s identity proof (such as an Aadhaar card or\npassport) and address proof (such as a driving license or utility bill).<\/p>\n\n\n\n<ul><li><strong>Step 4: Get The Form Notarized<\/strong><\/li><\/ul>\n\n\n\n<p>The nominee consent form must be notarized by a notary public or an\nadvocate.<\/p>\n\n\n\n<ul><li><strong>Step 5: Submit The Form<\/strong><\/li><\/ul>\n\n\n\n<p>Once\nthe nominee consent form is filled in and notarized, it should be submitted to\nthe ROC along with the application for incorporation of the OPC. The form can\nbe submitted online through the MCA portal or in person at the ROC office.<\/p>\n\n\n\n<ul><li><strong>Step 6: Pay The Fees<\/strong><\/li><\/ul>\n\n\n\n<p>The\nlast step is to pay the required fees for filing the nominee consent form and\nthe application for incorporation.<\/p>\n\n\n\n<p>Once the above steps are completed, the ROC will process the\napplication and, if everything is in order, will issue a CoI or Certificate of\nIncorporation for the OPC.<\/p>\n\n\n\n<p><strong><em>Below mentioned is the sample format of the Nominee Consent Form (INC-3):<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/04\/The-sample-format-of-the-Nominee-Consent-Form-INC-3.png\" alt=\"The sample format of the Nominee Consent Form (INC-3)\" class=\"wp-image-55879\" width=\"551\" height=\"640\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/04\/The-sample-format-of-the-Nominee-Consent-Form-INC-3.png 613w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/04\/The-sample-format-of-the-Nominee-Consent-Form-INC-3-258x300.png 258w\" sizes=\"(max-width: 551px) 100vw, 551px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is important to note that the nominee cannot be the same person as the owner of the OPC, and the nominee must be an individual who is an Indian citizen and a resident of India. The nominee cannot be a company or a non-resident of India.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read Our Article<\/b>: <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/step-by-step-process-of-one-person-company-registration-india\/\">Step By Step Process Of One Person Company Registration<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nominee is an important position in an OPC as it is required by law that every OPC must have a nominee who will take over the company&#8217;s operations in the event of the owner&#8217;s death or incapacity. The nominee consent form, therefore, ensures that the person who will act as the nominee of the [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":55880,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[157],"tags":[3525],"acf":{"service_id":"4"},"authorName":"Soumyadipa Banik","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-66.jpg","authorDescription":"Soumyadipa is a legal professional and has completed her Masters (L.L.M.) in Business Law from Amity University. She is an aspiring content writer and legal researcher with more than a year experience. She have earlier worked for Startup companies and written business and legal articles, blogs and website content. She is good at presenting complex issues in organized, easy-to-understand terms and committed to provide highly persuasive content.","postViews":4916,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/55878"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=55878"}],"version-history":[{"count":2,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/55878\/revisions"}],"predecessor-version":[{"id":55882,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/55878\/revisions\/55882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/55880"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=55878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=55878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=55878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}