Company Incorporation
According to the Companies Act of 1956, businesses are broadly categorized into public and private companies, following a regulatory framework.
As the economy evolves, corporate firms adapt, necessitating a consideration of varying needs.
The law establishes common principles for corporate governance, ensuring uniformity. Entrepreneurs seek flexibility and minimal expenses, particularly in small and private companies, especially when utilizing in-house resources.
The Company Law should accommodate diverse corporate group forms and facilitate a seamless transition between classifications.
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Types of Company Registrations
Public Limited Company
A company is said to be public limited, when it is limited by shares
Private Limited Company
The business owners of this kind of companies privately own all the shares of the organization
One Person Company
This is a new structure in business, through which individuals can legally carry out medium and small businesses.
Limited Liability Partnership
Limited liability partnership (LLP) is actually a combination of a partnership and a company