BUSINESS CORPORATION

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