According Companies Act, 2013, In One-person company there has only one shareholder as its member and it is the most modern form of business in India. You can easily register one person company under the outlines of the companies Act 2013 and the laws thereto, where it was made viable for a single person company to work as a company without the complexity of having partners.
A Special Privileges is a special advantage not enjoyed by everyone. One Person Company enjoy several privileges and exemptions under the Companies Act that other kinds of companies do not possess.
Companies Act, 2013 that has one person as a shareholder and director, in which the Nominee is a person appointed by the member of the one person company. who shall become member of the company after the owner death.
One person company is a type of company that has one person as a shareholder and director and which are guided by existing specific laws of the Companies Act 2013. In which everything owned by a single member yet enjoying the organized name.
According to the law, the below conditions have to be met.
RUN form:
This form is used to reserve the name of the Company you want to register.
INC-3 form:
Written Consent of Nominee in form INC-3.
INC-9 form:
Memorandum and Affidavit of sharer for form INC-9.
INC-22 form:
Registered office address to be entered in the INC 22 form
Registered office:
Proof of the registered office..
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