Corporate Law Consultant
Best Corporate Law Consultant
Company Registration Consultant,
Definition of Company u/s 2(20) Company means incorporated under this act and any previous law, i.e. companies Act 1956/1943/1912/1867/1857/1850.
Companies Act 2013
TYPE OF COMPANIES:-
PUBLIC COMPANY: –
u/s 2(71) Public Company means which -:
- Is not a private company and
- Has a minimum paid-up share capital, as may be prescribed.
Provided that a company which is a subsidiary of a company not being a private company deemed to be a public company for the purpose of this Act even where such subsidiary company to be a private company in its articles.
PRIVATE COMPANY: –
u/s 2(68) Private company means a company having a minimum paid-up share capital as may be prescribed and which by its articles.
(a) Restricts the right to transfer its share
(b) Except in the case of one Person Company, limits the number of its member to 200.
(c) Prohibits any invitation to the public to the subscriber for any securities of the company.
OPC COMPANY: –
One Person Company is a type of Private Company, formed by one person subscribing his name to a Memorandum, and complying with the other requirements of the Act and Rules.
- It is a kind of private company
2 OPC can be formed either as-
- A company limited by share; or
- A company limited by guarantee. Or
- Unlimited Company