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

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.

Answer 2

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