WHAT IS COMPANY
According to The Companies Act 2013 of India, a registered association which is an artificial legal person, having an independent legal, entity with a perpetual succession, a common seal for its signatures, a common capital comprised of transferable shares and carrying limited liability.
Features of a company:
- Incorporated association
- Separate Legal Entity
- Perpetual Existence
- Common Seal
- Limited Liability
- Artificial legal person
- Common seal
- Right to own property
- Right to sue
- Right to enter in to contracts
- Flexibility of investment
- Separation of control from the ownership
Companies can be classified on the basis of the following:
- The Number of Members
- Based on the liability of the members
- Mode of Incorporation
- Based on the control over the management
- Based on the nature of business activities undertaken:
We give advice on Company Registration and provide the complete solution for Company Formation in India, Private limited Company Formation and Company Incorporation in India.