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* Private
Limited Company
*
Public Limited Company
*
Companies Formed under Part IX
*
Non Profit making Companies
*
Producer Company
Following are the detailed procedure for
formation of companies:
Private Limited Company
Minimum
Conditions and silent features of a
Private Limited Company in India are as
follows:
There should be Minimum Two directors.
There should be Minimum Two
Shareholders.
The minimum capital of company should be
Rs. 1 Lac.
Maximum Number of shareholders is Fifty.
Can start the operation after getting
Certificate of Incorporation, No need of
taking the Certificate of Commencement
of Business.
Private Limited liaison office in
India is generally opted by the business
man who wants to have a very closely
held company and to carry out their
businesses which are closely managed by
the promoters.
Public Limited Company
Minimum
Conditions and silent features of a
Private Limited Company in India are as
follows:
-
There should be Minimum Three
directors.
-
There should be Minimum Seven
Shareholders.
-
The
minimum capital of company should be
Rs. 5 Lac.
-
No
Maximum Number of shareholders.
-
Can
start the business after getting
Certificate of Commencement of
Business.
This form
of company is for the business people
who want to do their business on very
big scale and from the long term
prospective they are looking to come out
with the public issue of their company’s
shares.
Companies formation under part IX
These
companies are the regular private or
public limited company, This is a
specific procedure provided to converted
partnership companies in to companies in
order to avoid various legal formalities
of re registering the entity various
business laws. It have features of a
regular company as mentioned. But there
are certain conditions which should be
fulfilled to convert a partnership firm
into a company under part IX
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The
partnership firm shall be registered
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There should be minimum three
directors
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Minimum shareholders shall be seven.
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