Company Registration in India is regulated by the Companies Act, 1956 and is administered by the Ministry of Corporate Affairs (MCA - www.mca.gov.in) through the Offices of Registrar of Companies (ROC) in each State.
Types of companies that can be registered in India are Private Companies and Public Companies.
Company Registration process starts by filing of name application with the ROC. Once, name is allotted, company registration documents have to be prepared and filed with respective ROC for registration. Up on scrutiny of documents, in a day or two the ROC registers the Company and issue the Certificate of Incorporation.
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Basic business structures available in India are Proprietorship, Partnership and Limited Company. Comparing to other forms of business, a Limited Company has various advantages such as separate legal entity, limited liability of shareholders, perpetual succession and many more.
A company formed by minimum two persons as shareholders having the following features:
A company which is not a private company. The minimum number of shareholders and directors required for registering a Public Company is 7 and 3 respectively. Subject to compliance of the Companies Act, there is no restriction as to number of members, issue and transfer of shares and acceptance of deposits.
A company registered with the following features: