Distinct Legal Entity: The Private Limited Company has a distinct existence and a juristic person (not a natural person or human being) established under the Act.

No. of persons Involved: The second key factor for choosing the right type of company depends upon the number of persons involved in the initial stage of the startup. 3.

The available business structures available in India for making profits are described under the below main heads: Partnership Firms Sole Proprietorship Private Limited Company One Person Company Public Limited Company Limited Liability Partnership (LLP) There are also few more business types that can be registered in India, which are: Unlimited Company Producer Company Liaison Office / Representative Office Project Office Branch Office Joint Venture Company Subsidiary Company Section 8 Company Registered Societies Public/Private Trust NGOs Let us have a quick idea on what they mean in India as per the Act 1.

A Chit Fund Company runs Chit funds.

Let’s take a look at what section 72(companies’ act 2013) states.

  According to Companies Act 2013, the conditions set for issuing preference shares are as follows:- No company limited by shares shall, after the commencement of this act, issue any preference shares which are irredeemable.

The emblems and names (prevention of improper use act, 1950) prevents the inappropriate use of certain emblems and names for professional and commercial purposes.

DIN Number Registration Any person intending to register a Private Limited Company or Limited Company or One Person Company (OPC) in India needs to get a DIN number and becomes a part of Board of Directors.

This led to the creation of the company amendment bill 2016 which was a more refined version of the 2013 act.

What is Company Incorporation VPP scam?