According to the Companies Act 2013, the Articles of Association have the following terms and conditions: Articles of Association of a private limited company do not allow the company to transfer its shares to anybody who is not a part of the company.
Foreign Nationals and NRIs have started businesses in India through a private limited company, as it allowed for 100% Foreign Direct Investment (FDI) under the automatic route for several sectors.
Limited Liability Partnership (LLP) is a great combination having the advantages of a Company and Partnership by means of providing the Partnership form of an entity with limited liability protection.
Both the Central and the State Governments have come together to register the Goods and Services Tax Network (GSTN) as a non-profit, non-Government company for the smooth implementation of GST in the country.