Business Setup Services
Formation of Private Ltd,Public Ltd,One Person Company & LLP
Processes involved in selection and approval of the company name
Incorporation of private and public limited companies, non-profit organisation, public sector undertakings and other companies envisaged under the Companies Act
Drafting of memorandum and articles of association as per client requirement, and preparing the required documents
- A private company is company, other than one person company, registered under the Act and which by its articles:
- (A) Limits the number of members to 200 (except in case of OPC), not including:
- Persons who are in the employment of the company.
- Persons who have been formerly in employment with the company and became member while in such employment and have continued to be members after the employment ceased.
- (B) restrict the right to transfer its shares.
- (C) prohibits any invitation to the public to subscribe for any securities of the company.
- In case of joint holding of shares, they shall be counted as a single member for the purpose of the section.
One Person Company
- 1. Incorporated by a single person.
- 2. One person company (OPC) is like a private company which has only one person as a member. Here the member can be the sole member and director. It has been introduced to encourage entrepreneurship and corporatization of business.
- 3 OPC differs from sole proprietary concern in an aspect that OPC is a separate legal entity with a limited liability of the member whereas in the case of sole proprietary, the liability of owner is not restricted and it extends to the owner’s entire assets constituting of official and personal.
A public company is other than Private Limited Company. It’s a Company which invites to the public to subscribe for any securities of the company. There is no limit on maximum no of subscribers.
Public Company should have atleast 7 subscribers to the memorandum and atleast 3 directors.
The name of a public company shall end with the words “limited”.