One Person Company

A Typical Indian style of doing business is proprietary concern and if you add a corporate identity to it becomes One Person Company. Yes Of late this form of organization has been recognized by the government in the form of One Person Company.

To form a one person company there has to be minimum one shareholder, one director and one nominee all of them have to be natural persons.

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1. LIMITED LIABILITY PROTECTION TO DIRECTORS AND SHAREHOLDERS
2. LEGAL STATUS AND SOCIAL RECOGNITION FOR YOUR BUSINESS
3. TAX FLEXIBILITY AND SAVINGS
4. EASY TO GET LOAN FROM THE BANKS
5. COMPLETE CONTROL OF THE COMPANY WITH THE SINGLE OWNER
6. HELPS FOR TESTING OF BUSINESS MODEL AND ENABLES FUNDING

1. OBTAINMENT OF DSC (DIGITAL SIGNATURE CERTIFICATE) FOR ALL DIRECTORS AND SHARE HOLDERS.
2. APPLICATION OF DIN (DIRECTOR IDENTIFICATION NUMBER) FOR ALL THE PROPOSED DIRECTORS.
3. OBTAINING THE NAME APPROVAL FOR THE PROPOSED ONE PERSON COMPANY.
4. DRAFTING THE MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION FOR THE COMPANY.
5. PREPARATION OF THE ATTACHMENT FORMS FOR THE INCORPORATION VIZ., INC 8, INC9, DIR 2, AND OTHER APPLICABLE AFFIDAVITS AND DECLARATIONS.
6. FILLING OF THE E FORMS INC 32, INC 33 AND INC 34 FOR THE INCORPORATION OF THE COMPANY
7. OBTAINMENT OF THE CERTIFICATE OF INCORPORATION, PAN AND TAN .

i) Passport size photograph
ii) PAN Card copy
iii) Proof of Identity (Any one of the below)
– Passport
– Aadhar Card
– Driving License,
– Voter ID
iv) Proof of Residence (in the name of applicant) (Any one of the below)
– Bank Statement
– Electricity Bill
– Telephone Bill
– Mobile Bill
v) Proof of Registered Office Address:
A) Rent Agreement AND
B) Any one of the below (Mandatory)
– Electricity Bill
– Telephone Bill
– Gas Bill
– Mobile Bill