One-man-company registration in India?

Question

Take this scenario. One person Mr. Hacker is developing three products:-

Pro1,

Pro2 and

Pro3

He'll release these products on the internet after 5 months. Once his products become popular, more people might join in the development activity. Then it might turn into a foundation or a company.

Mr. Hacker has decided to add a prefix to all the products to indicate that all three come from the same source.

ProPlanet Pro1

ProPlanet Pro2

ProPlanet Pro3

So, later his company would be called ProPlanet. The question is:-

Can this Mr. Hacker alone without a team register ProPlanet as a company before the product is released?

If not, what is the best path that Mr. Hacker can follow.

Answer 1

As Minimum 2 directors and paid up  capital of Rs.1,00,000/-  are required to form a pvt limited company  

Partnership firms are not registered with the Registrar of Companies. There is another State Government authority known as Registrar of Firms who will be registering partnership firms

Minstry of Company affairs

http://www.mca.gov.in/

visit the above link if u wanna  know more

Answer 2

To register a company in India under the Companies Act, there should be atleast 2 persons, with the smallest of scale possible. Single person can have a proprietary firm.

There is no legal status for a single person company.

For rest of your commercial issues, there are other legitimate ways, which require legal guidance and compliances. Consult an appropriate professional.