We are a leading name in the field of offering Company Law Consultancy Services. With Companies functioning in India governed by Companies Act, 2013, each company needs to get registered with Registrar of Companies (ROC) and file necessary documents for different statutory requirements.
Mainly, Indian companies are of two types –
Private Limited Company –
- Where maximum numbers of members are 50
- It prohibits any invitation to public to subscribe shares/debentures
- Restrict right to transfer its shares
Public Limited Company –
- Invite public to subscribe shares or debentures
- No limit on maximum members
Formation of Private/ Public Limited company
The process that involves formation of Private/ Public Limited company include drafting of memorandum & article of association of companies and converting a Private Company into Public company and Public Ltd. into a Private Ltd. The other steps that are part of formation include Changing name of company, Change of registered office, Alteration of main object of company and inclusion of new business in memorandum of company, Statutory meeting & report, Appointment of directors and their remuneration, Holding & subsidiary company, Inter corporate investments; Amalgamation, merger and acquisition of companies; Payment of dividend by companies.