Companies act, 2013

IF WE TALK ABOUT COMPANIES ACT IT LAYS NO RESTRICTIONS  AS SUCH IF YOU ARE WORKING IN A COMPANY  YOU  CAN NOT MAKE YOUR OWN COMPANY.

YOU CAN MAKE YOUR OWN COMPANY. FOR FURTHER STEPS SEE THE ATTACHED FILE FOR YOUR HELP HOW U WILL BE ABLE TO INCORPORATE A COMPANY

FORMATION OF COMPANY REQUIRES MINIMUM TWO INDIVIDUALS AND MINIMUM CAPITAL OF RS 1 LAC BOTH INDIVIDUAL HAVE TO OBTAIN DIRECTOR IDENTIFICATION NO AND ANY ONE CANE HAVE DIGITAL SIGNATURE.

U MAY CONCERN SOME CA FOR WHAT TREATMENT TO BE DONE FOR INCOME RECEIVED FROM ABROAD.

FORMATION OF COMPANY REQUIRES MINIMUM TWO INDIVIDUALS AND MINIMUM CAPITAL OF RS 1 LAC BOTH INDIVIDUAL HAVE TO OBTAIN DIRECTOR IDENTIFICATION NO AND ANY ONE CANE HAVE DIGITAL SIGNATURE.

U MAY CONCERN SOME CA FOR WHAT TREATMENT TO BE DONE FOR INCOME RECEIVED FROM ABROAD.

Hello Sir, Thanks for reply..

But I don't understand answer properly that I can own my company or not by working in another company.

Regarding minimum requirement of two individuals, I gone thru the article below which is explaining about OPC (One Person Company).

https://www.thehindubusinessline.com/economy/an-individual-can-register-only-5-oneperson-companies/article5206680.ece

What is it about ? Please provide me detailed info so I can know about procedure properly.

Thanks.

Do you want a clarification about OPC (One person company) which was facilitated through Company's act 2013 or what else?,  if your query is whether you while working with one company can establish your own company and is it legal?,  If you are a government employee, you are not eligible to have a company on your own name, in the private sector, it depends on the terms and conditions of employment given in the offer letter of that company.  The latest company act, 2013 about OPC is about its own provision and your question will not find an answer in the said provisions.

Dear Kamal   as on date one person company falls in section 2(62) of Companies Act 2013 which is not applicable, list of sections applicable as on date is attached for your reference .

If Your employment agreement  prohibits you  for starting a new Company then only you are not eligible otherwise as i have told you earlier you have to comply with the minimum requirement for starting a private Company which is attached in my above answer. Dont get confused with one person Company concept as it is not applicable as on date.

list of sections applicable as on date is attached for your reference.

Only query which I am not able to solve is the treatment  income which will be earned by  you through your Foreign clients.