The Companies Act 2013 categorizes companies as public limited companies and private limited companies. According to the provisions of section 2(71), a public company is a company that is not a private company. If we see the definition of a public company it is clear that a public company does not have the restrictions of a private company in its articles, which means a public company:
A public company has to put the words “limited” in its name.
A company form of business has many benefits over a sole proprietorship or partnership form of business. We already know a company form of business provides
More opportunities to grow and diversify but most of the business owners go for a private limited company as it gives more freedom to operate a business. A private company has to comply with fewer regulations as compared to a public company but incorporating a public company has its own benefits.
A public company does not have the following restriction, prohibitions, limitations:
A public limited company can be formed with a minimum of 7 members and a minimum of 3 directors in the company. The person desiring to register his company can get his company registered through the Ministry of Corporate Affairs portal. That is www.mca.gov.in. A company is needed to be registered with the registrar of companies or ROC. ROC keeps all the records regarding all the companies in India.
There are certain requirements for company registration
Registering a company is a simple process but it requires professional guidance. We at Companify help you to take a step forward in owning your company by providing you with a hassle-free process of company registration. Our team of experts will guide you at each step so that you can make the right decision as per your need. We have different company registration packages as per your requirements.
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