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One-Person Company Registration
One-Person Company Registration in Kerala
The most recent of all types of registration is the One Person Company registration in South India. It came into existence only after the enforcement of Companies Act 2013, before which it was difficult to incorporate the same. It can be established with just one member and Director. This member does not have to be a resident of India
One Person Company Registration comes with some benefits as the process is easier relatively because the number of participations is minimal. A few other advantages are
Lack of Conflict
One Person Company registration in South India is now easy because there less to zero Conflicts involved. The director is a single entity and that means his/her decision will be the norm. a lot of time and energy is saved for the company as there is sole ownership.
There can be one nominee while registering for an one person company. This nominee continues to take charge if there is an unprecedented withdrawal of the director. The company can keep running the show, no matter what.
The incorporation of One Person Company registration is easier with just a director and member in it. With just a minimum capital of one lakh, it is possible to set up a business anywhere.
With just one member and a nominee, there is no fear of losing one’s personal assets in case of debts concerning the company. So there is no loss as the company is a single legal unit.
To register a One Person Company in South India, there are a few mandatory steps to be considered like the acquisition of Director Identification Number (DIN). This is obtained by submitting various identification forms that should ensure approval by obtaining Digital Signature Certificate (DSC).The next step is to choose and get a Unique name for the company approved. If the name is already existent, the director shall choose a different name that fits the market needs. This is followed by the preparation and submission of MOA (Memorandum of Association) and AOA (Article of Association). That is the objectives and rules of the company, respectively. After verification of all the documents put forward, the business is established.
SV Consultant at your Service!
Now that you have got an idea on how and what should be done to keep your One Person Company registration on track, why hesitate to join us? We let you browse through a variety of options and guidance to start your dream company. We update you with all the proceedings of registration throughout your journey. Our team of professionals are always at your service to ensure a stress- free experience for the clients.
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