Company registration is the most popular type of legal entity. The word company refers to a type of organization that contains separate ownership and management. The capital of the incorporation is provided by the group of people called shareholders who entrust the management of the company in the hands of a person known as the broad of directors.
The company as distinguished from other business enterprises
Though there are a number of similarities between a limited company and other forms of associations, there are a great number of dissimilarities as well. In both the cases individuals are the subjects, and trading is generally the objects.
Section 34(2) of the Companies Act, 1956 provides for a variety of companies of which can be promoted and registered under the act. The three basic types of companies which can be registered under the act are:
· Private limited
· Public limited
· Producer companies ;
Companies can be classified into incorporation, liability, etc. Generally speaking, the companies may also classify as:
· Associations not for profits having a license under section 25
· Government companies
· Foreign companies
· Holding and subsidiary companies
· Investment companies
· Producer companies
Company filing can be done with Rs.14, 000/- from the initial capital of Rs. 1 lakh; Initially the members may vary according to the type of company.
Documents required for company registration:
- Election Card or Voter Identity Card.
- Ration Card.
- Driving License.
- Electricity Bill.
- Telephone Bill.
- Aadhaar Card.
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