One person company

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4 Points Posted on 01 February 2020
is joint shareholding is allowed in one person company ?
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On 01 February 2020 at 13:32 Report
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Quick Summary
A One Person Company (OPC) in the UK requires a single founder who is the sole shareholder and director. While joint shareholding isn't permitted, you must nominate another individual, such as a spouse or child, who will accept responsibility if the sole director becomes incapacitated or passes away. This nominee must provide consent and their PAN/AADHAR details, as they will be liable for any outstanding fines or responsibilities if the OPC is abandoned.

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Student
590 Points Posted on 01 February 2020
I think no.... Please correct me if I am wrong...
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On 01 February 2020 at 23:06
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4 Points Posted on 03 February 2020
I am not sure also
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On 03 February 2020 at 11:15
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60 Points Posted on 03 February 2020

OPC pvt ltd. one founder person (with PAN/AADHAR) is the sole share holder, sole director, quorum only one any director for any resolution.

But You must provide with accepatance letter from  another person( can be spuse/kid or any one) (with PAN+AADHAR ) that he/she will undertake the liability if the OPC person dies or become in capaciated.

If you dont file returns etc & the fines go up & if the OPC person disappears , one who signed the succession letter willbe responsible

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On 03 February 2020 at 12:09

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