ONE PERSON COMPANY is another form of corporate entity in which single person ownership exists. It is the hybrid form of the Sole Proprietorship and the Private Limited Company. In other words, this type of entity contains the characteristics of both Sole Proprietorship firm and Private Limited Company. This entity also has the status of Separate Legal Entity and can perform the same functions as the Private Company performs subject to certain restrictions.
For the registration of One Person Company, only one member is required along with the details one nominee (who will be the member in the event of death of the original member of the company) and atleast one director is required. Under this roof, owner enjoys all the privileges of private limited company.
To any type of small and medium sized business who wants:-