FAQ's

1.Company

Company is an association of persons registered under the Companies Act 1956. It has a legal personality separate from the persons who own or manage it.

2. Company - Different types

The following are the types of companies that can be registered in India

a. Private Limited Company
b. Public Limited Company
c. Unlimited Liability Company
d. Non profit Organisations (Generally known as Sec.25 Companies)

3. Private Limited Company

Private Limited Company is formed with minimum of 2 members and 2 Directors. Maximum number of members in a private company is restricted to 50. The name of the company shall end with the words 'Private Limited'.

4. Public Limited Company

Public Limited Company is formed with minimum of 7 members and 3 Directors. There is no restriction on maximum number of members. The name of the company shall end with the word 'Limited'.

5. Non profit Organizations (Generally known as Sec.25 Companies)

Sec.25 Company is formed for the purpose of promoting commerce, art, science, religion, charity or any other useful objects and not with the object of making profit. Registration of such companies require prior permission from the Central Government and the words 'Private Limited' or 'Limited' can be dispensed from the name.

6.Foreign Companies

Foreign Company is a company registered outside India, under a foreign law other than Indian law.

7. Branch Office / Liaison office of a Foreign Company

A Foreign Company can open a Branch / Liaison office in India subject to the approval of Reserve Bank of India (RBI). Up on receipt of approval from RBI, the Branch / Liaison office has to be registered with the office of Registrar of Companies New Delhi by filing necessary documents.

8. Limited Liability

Limited liability means liability of a member in a company is limited to the extent of their shareholding in the company. The shareholders of the company are not personally liable for the liabilities of the