top of page

Section 3 Of The Companies Act, 2013: Formation Of Company




Vidyam Shukla, BA LLB (Hons), Bharati Vidyapeeth university Deemed University

ABSTRACT

There are over 20 Lakh private limited companies in India, making them the most popular business entities in India. All of these companies are regulated by the Department of the Ministry of Corporate Affairs under the guidelines of the Companies Act 2013. The Indian government has greatly simplified the registration of the companies. In this paper, we will take an in-depth look at the process of company registration in India. according to sec.2(20) of the companies act, 2013 “company” means“a company incorporated under this act or under any previous company law”. At least 7 persons in case of a joint stock company, at least 2 persons in case of a private company, and 1 person in case of a private company, the company to be incorporated shall be a single company, i.e. a partnership. Starting a business in India involves steps from creating a business idea to that point. A company that is legally ready for admission is called the formation stage of the company. The people who take these steps and the risk areas that come with them are known as promoters.

Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

Submit Manuscript: Click here

Open Access Logo

Licensing:

​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

Disclaimer:

The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

bottom of page