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