These both companies are limited and are governed by RBI.

The company acts similar to a trust or society but is registered with the central government, whereas a trust or society is registered with state government.

Note: Private companies that are limited by guarantee do not require to file a declaration with MCA Documents Required DSC Incorporation Certificate DIN Bank Statement    Following attachments are necessary for filing Form INC-20 A with the MCA: Bank Statement of the company The company needs to provide credit entries for receipt of subscription money obtained from the subscribers of the MOA Certificate of Registration issued by Regulatory Bodies In case of companies with an object clause that requires approval from regulatory bodies such as RBI, Security and Exchange Board of India(SEBI), IRDA.

The Government of India has thought of bringing clarity in the entire structure and help in identifying entities which can be controlled even outside the country.

Promoter stake falls below 50% in two of Anil Ambani's Reliance Group companieshttps://t.co/GWSbicESDn pic.twitter.com/o30MsP1tDr — Business Today (@BT_India) February 11, 2019 Reliance Communications, one of the biggest telecommunications operators in India, currently filed for bankruptcy on 1st February after which the finance companies sold 8.98 Crore shares of the Communications Company for Rs. 52.75 Crore.

All the Companies registered in India have to maintain a record of all the minutes of the meeting conducted in every financial year.

In either case, the government levies stamp duty on the transfer of shares.

This means that the resident director must have lived in India for at least 182 days.

In 2015 India saw a lot of Inbound deals  and activities involving (report) Preparing a strategy for M&A process is the most complicated task which a professional needs to deal with such as all the laws applicable to these deals which can range from antitrust laws, regulations governing corporate law, taxes, contacts, market conditions and all the specific negotiation points.

Introduction of LLP Limited liability partnership was introduced in India in the year 2009; in an LLP the partners have limited liability which is different from other partnership firms that are responsible for the acts of the other directors as well as all the cases and debts that are filed against the firm.