Company: The term company is used to describe an association of a number of persons formed for some common purpose registered under Companies Act.

Came in Force : Sunday, 01 January 1995

Characteristics of Company:
-Legal Entity.
-Stability
-Registration
-Office
-Seal
-Optional Institution
-Eligibility of Contract
-Limited Liability
-Regulation
-Right of Filing Suit
-Share Transfer
-Right of Buying & Selling Property.

Private Ltd Company---vs----Public Ltd Company
1. Minimum Member 2 to 50(Max).
Min member 7 to Maximum is Limited By its Share.

2. It cannot transfer share
It can.

3. It cannot raise fund through issuing share.
It Can.

4. It can start its business after getting Certificate of Incorporation.
It Cannot, Unless received Certificate of Commencement of Business.

5. The word "Private" Must be used with the name of the company.
The Word "Public" is not used but Limited is Used.


Documents/Papers Needed For a LIMITED Company:
1. Memorandum Of Association
2. Article of Association
3. Certificate of Incorporation
4. Certificate of Commencement of Business*(only for public ltd)
5. List of Board of Directors
6. Resolution of Board of Directors.