Legal Question in Business Law in India

what do you understand by"company"? discuss the features of any type of companies


Asked on 4/26/12, 2:07 am

2 Answers from Attorneys

Sanjay Kalra Sanjay Kalra & Associates

Who are you to ask something like this ?

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Answered on 4/26/12, 2:11 am
Fca Prashant Chavan Expert Edge LLP

27.04.2012

Dear Sir / Madam,

"Company" means a company formed and registered under the Companies Act, 1956 or an existing company

"existing company" means a company formed and registered under any of the previous

companies laws

"private company" means a company which, by its articles,�

(a) restricts the right to transfer its shares, if any;

(b) limits the number of its members to fifty not including �

(i) persons who are in the employment of the company, and

(ii) persons who having been formerly in the employment of the company, were members of the Company while in that employment and have continued to be members after the employment ceased;

and

(c) prohibits any invitation to the public to subscribe for any shares in, or debentures of, the company;

Provided that where two or more persons hold one or more shares in a company jointly, they

shall, for the purposes of this definition, be treated as a single member;

"public company" means a company which is not a private company.

In India, the following types of business entities are available:

Private Limited Company

Public Limited Company

Unlimited Company

Limited Liability Partnership (LLP)

Partnership

Sole Proprietorship

Liaison Office/Representative Office

Project Office

Branch Office

Joint Venture Company

Subsidiary Company

You can mail me for your Company formation at [email protected]

Regards,

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Answered on 4/27/12, 5:06 am


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