How to Inform the RoC Change in Membership of OPC?

An OPC allows an individual to handle his business more efficiently while also enjoying the benefits of a company. With the consent of the nominee Form INC-3, the company's first nominee is declared at the time of incorporation. Read on to know more.

If a member of an OPC wants to change the nominee with the Registrar of Companies on the MCA website, e-Form INC-4 is required to be filed pursuant to Section 3(1) of the Companies Act, 2013 and Rule 4(4), (5), (6) of the Companies(Incorporation) Rules, 2014. Furthermore, a member of an OPC must nominate a person who will become a member of the OPC in the case of the member’s death or inability to contract, after getting his or her prior written consent. Read more about RoC Change in Membership of OPC.

Attachments Required Along With Form INC-4

When you want to go with RoC Change in Membership of OPC, here are the forms you should be aware of.

• The nominee’s consent in signed Form INC-3 with associated attachments
• Certified copy of the new nominee’s PAN card as well as the new member’s PAN card
• Proof of identity of the new nominee and new member
• Proof of residence for both the new nominee and the new member
• Notice of withdrawal of consent in case withdrawal is by the nominee
• A copy of intimation for change in nominee in case of intimation about change in the name of the nominee
• In case of a member’s intimation of cessation, proof of cessation is required.

Find some cases in RoC Change in Membership of OPC

Case 1: Notice of Withdrawal of Consent By the Nominee of OPC

• On the basis of CIN, the system will generate the names of old nominees and OPC members, and the user must specify the date of the old nominee’s notice of withdrawal of permission.

Case 2: Intimation About Change in Nomination

• On the basis of the CIN, the system will generate the names of the members, old nominees, and OPC
• The user must enter the full name of the new candidate as well as the date of the member’s notification of the change in nomination.

Case 3: Intimation of Cessation of Member

• The system will generate the member’s name and OPC, and the user must enter the member’s termination date
• Furthermore, the user needs to select who will be the OPC’s sole member
• If a change in ownership is chosen as the reason for cessation, the transferee can only be chosen, and his or her nominee can only be chosen if death or inability to contract is chosen as the reason for cessation
• In the event that the candidate gives notice of withdrawal of permission, the name of the member is pre-filled based on the CIN, and only the member can be selected from the drop-down menu
• In the case of a member’s cessation, the name of the member is entered and only the option of ‘new member’ is available
• Fill in the nominee’s information, making sure to include the authorized DIN, if one has been assigned, and a valid PAN.

Fee for INC-4

In the case of a company having a share capital, below is the fee structure:

Nominee Share Capital	Fee Applicable
Less than 1,00,000	₹200
1,00,000 to 4,99,999	₹300
5,00,000 to 24,99,999	₹400
25,00,000 to 99,99,999	₹500
1,00,00,000 or More	₹600

Conclusion

Now that you’ve learned everything about change in membership of OPC, it’s time to put your OPC ideas into action. OPC incorporation takes roughly 10-15 days, including obtaining the necessary documentation, the application procedure, the name approval process, and finally the incorporation of the OPC.

If you need help with the registration of an OPC, the next step would be to partner with Vakilsearch. Our team consists of experts and veteran professionals who are dedicated to providing a hassle-free and affordable incorporation experience. Hence, when you team up with us, the entire incorporation process becomes extremely simple and effortless.

Also, Read:

• What Is an OPC?
• Is There Really an Advantage to Starting an OPC?
• Difference Between OPC and Sole Proprietorship