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1. What is Form INC - 4?

Form INC - 4 is a change of Nominee Form. Section 3(1) of the Companies Act, 2013 and Rules 4(4), (5), and (6) of the Companies(Incorporation) Rules, 2014, which are reproduced for your ease, also includes filing of Form INC- 4. 

Provided, however, that the memorandum of a One Person Company must include the name of another person, along with his prior written consent in the specified form, who will become a member of the company in the event of the subscriber's death or incapacity to contract, and that such person's written consent must also be registered with the Registrar at the time of incorporation of the One Person Company. It must be noted that the declaration has to be made on stamp paper & should be notarized by an Advocate, a Company Secretary, a Chartered Accountant or a Cost Accountant, practising the profession. 

2. Why is it important?

This form helps in assuring that there is a name of a particular person who will run a company after the owner. This will not create confusion and chaos in the company because there will be a person who is holding power.

To access this Sample Agreement / Template, please fill in the details below and it will be emailed to you shortly.