Comprehensive Guide to Company Registration in India
Company Registration in India is governed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. Registering a company is the first step towards establishing a business entity and gaining legal recognition. The process involves several steps and compliances to ensure the company operates lawfully within the Indian legal framework. Types of Companies in India: 1. Private Limited Company: Requires a minimum of 2 and a maximum of 200 members. The liability of members is limited to their shares. Offers flexibility in operations and can raise funds easily. 2. Public Limited Company: Requires a minimum of 7 members (no maximum limit). The liability of members is limited to their shares. Can offer shares to the public and is listed on the stock exchange. 3. One Person Company (OPC): Allows a single entrepreneur to start a company. The sole member's liability is limited. 4. Limited Liability Partnership (LLP): Combines the benefits of a partnership firm and a company. Pa