Company law in India
Types of Companies
Private Company
Section 3(1) (iii) of the companies act describes eligibility of a private
company. A private company is one having a
1. Minimum paid-up capital of one lakh rupees or such higher paid-up capital as may be prescribed
2. Articles of Association that restricts the right of transfer of its shares
3. Articles of Association that limits maximum number of its members o fifty. In determining this number
employee and ex-employee (who were members while in such employment and who have continued to be members after
ceasing to be employees) are not considered
4. Articles of Association that prohibits any invitation to the public to subscribe to any shares or debentures
of the company
5. Articles of Association that prohibits any invitation or acceptance of deposits from persons other than its
members, directors or their relatives
All the provisions in the articles to maintain the basic characteristics of a private company in terms of that section
is restriction on the right to transfer and the same will apply even if a private company is a subsidiary of a public company
Public Company
Procedure for Company Incorporation
Documents required for incorporation of company in India
Limited Liability Company
Partnership Firms
Limited Liability Partnership
Incorporation of Limited Liability Partnership
Proprietorship Firms
Incorporation of Limited Liability Proprietorship
