Types of company in company law: A Comprehensive Guide
A company is a business firm. It is established by a single person or a group of individuals.(Only an Indian citizen and an Indian resident can form 1 person company – it is newly introduced in the Companies Act 2013.)All companies rely on corporate law of its administration for financial liability and tax purposes.A limited company needs a minimum of three Directors. There is no restriction for the number of members (shareholders). The company can have as much maximum number of members