answersLogoWhite

0

How many people are required to incorporate a One Person Company?

Updated: 9/26/2023
User Avatar

AbhishekKumargp6007

Lvl 1
7y ago

Best Answer

To incorporate a One Person Company, a Director and a nominee is required. A nominee member is one, who shall, in the event of promoter member's death or incapacitation become a member of the Company.

User Avatar

Wiki User

7y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How many people are required to incorporate a One Person Company?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

How many people are required to incorporate a Limited Liability Partnership?

The Designated Partners needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India.


Who is the person in charge of advertising for a company?

The advertising person, manager, or advertising department. The person, people, have the responsibility for how a product or service is presented.


What services does a mortgage company provide?

A mortgage company provides loans so people can buy real estate or a home. The company is the intermediate between the lender (government or bank) and the person receiving the money. The person who receives the money must pay it back over a certain period of time with interest. (The interest is where the company makes its profit.)


Difference between public and private?

a private company, is a company or group of companies owned by a single person or a group of people (share holders), they collect its profit based on an understanding they have. a public company is usually a listed company or a government owned company, where its profit are usually collected by the government.


What does Equity Loans company specialize in?

Equity Loans is a company that offers mortgage solutions to people. They assist with paper work and all the loan related work when a person is buying a home.

Related questions

When an individual has an automobile accident and someone is injured are they required to complete an accident injury claim with their insurance company?

When people have accidents in their automobile and someone is injured it is required to report it to the police and to their insurance company. This is because the injured person may need a doctors care and the person responsible for the accident is the one that will be required to pay through their insurance company.


How many people are required to incorporate a Limited Liability Partnership?

The Designated Partners needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India.


Is it ethical for a company that operates a telephone help desk to monitor its agents?

Yes it is required for a company to monitor its agents cos the are the face of the company and they are the people who represent the company.


What is a person or company that collects data about people called?

A Statition.


What person puts data into computers?

The company , and the people who makes it


What do you like most about our company?

There are many things a person may like about a company. The benefits the company provides and the morals of the company are important to people.


What is free lanching?

Free lancers are the person who does not work for any company or organisation. They work for themselves when and where needed. Companies uses these people on contractual basis to work for them whenever required. And this process is called Free Lancing.


Definition of an ideal company?

The definition of an ideal company varies from person to person. Some people will consider the ideal company to be one that offers insurance and others will be interested in flexible schedules.


How do you use 'company' in plural to mean good friends?

The noun 'company' as a word for people is an uncountable noun, it has no plural form.When you say, "I have company." or "He was in the company of...", the noun 'company' can mean one person or any number of people.


If people were required to participate in government and who would make them do it and what would the penalties be if the person refused to do something required to participate?

The president might enforce it, and


Who is the person in charge of advertising for a company?

The advertising person, manager, or advertising department. The person, people, have the responsibility for how a product or service is presented.


Why is it their is a company name?

Same as the reason people have a name. If a company doesn't have a name, how will a person know what company someone else is talking about? Example: that company is awesome. What company? That one. Which one?