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A company is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Different types of companies that exist are:
These are some types of companies which you will see worldwide commonly.
Formation of the company is governed by the provision contained in the Companies Act of 1956. The steps involved in formation of company are as follows:
Step by step guide to form a private company in India is as follows:
Step by step guide to form a public company is as follows:
Under Indian law it is clearly stated that a private limited company can start its business immediately after obtaining the certificate of incorporation as it is prohibited to raise funds from public so which allows them immediate commencement without issuing prospectus and completing the formality of minimum subscription while a public company has to meet the requirement of minimum subscription capital and only then it can receive certificate of commencement.
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