Company type
This query is : Resolved
17 April 2009
In Idian Companies Act, there is a term One man Company.
What is One man company?
Thank for your response
What is One man company?
Thank for your response
17 April 2009
A company in which a particular person holds the whole, or practically the whole, of the share capital is termed as 'one-man Company. Nevertheless there may be other associates also, but these associates are generally his relatives, friends or nominees. This governing person is generally the managing director of the company and has full control over the company. This is a way to have the benefits of the corporate status and limited liability of the company. Even though only one person manages the entire working in such a company, however such type of companies is legal. The formation of one-man companies has definitely been to the drawback of creditors because they cannot continue against the actual proprietors.
17 April 2009
Agree with exprt. nicely explained
17 April 2009
I agree with mr.ramesh kumar
18 April 2009
Now i am cleared with your explanation .Thank You
21 April 2009
i support the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- Value of property in capital gain
- Transporter Declaration form
- Multiple trade mark
- Regarding TDS Applicability For Director Remuneration
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
