Prior written consent of the nominee has to be obtained and the very same along with name and details of the nominee has to be filed with the Registrar in Form INC-3, at the time of incorporation of the enterprise along with Memorandum of Association and Articles of Association.Restricted Liability.: In a Sole Proprietorship firm, the private assets of the proprietor can be at danger in the event of failure, but this is not the case for a A single Person Private Restricted Enterprise, as the shareholder liability is limited to his shareholding.Once a name is authorized, it is valid for a period
...