An OPC confined by shares must meet well with following aspects:
1) Must possess least authorized share capital of 1 lac
2) Shares can’t be transferred to anyone else
3) OPC is restricted from inviting any public to go for the securities of the company.
When OPC confined by shares, gets into the contract with the explicit member of company who is a director as well; the contract norms or offers should be maintained in writing. Moreover, those should be kept in memorandum or maintained in minutes of the Board meeting conducted further post being included in contact.
OPC should notify Registrar regarding each contract put into the company with an explicit company member in a period of fifteen days from approval day.