Step 1A: DIN and DSC Registration Along with the registration of Name of the company, the key shareholder of the company should obtain his Directors Identity Number or DIN.
Perpetual Succession: As per the provisions of the Act, in the event of inability or death of the owner of the single person company, the nominee shall take over the reins of the one person company 3.
Thus, any other pharmaceutical company using the same name to sell its drugs would be using it in a dishonest manner to ride on the goodwill of the original company and the same would amount to infringement/passing off.
Also, in addition, the LLPs will also be allowed to make downstream investment in another company or LLP in sectors in which 100% FDI is allowed under the automatic route and there are no FDI-linked performance conditions.