A Company is a base of business structure. It is the separate legal entity. Company has the same rights which are equal to the natural person. It is applicable in the cases of deserving the debits; sue others and being sued by others. Company owners can protect their personal assets with limited liability.
The association of people is enough for the company formation legally it is the separate legal entity completely free from its shareholders. One Person Company, Private limited company, Public limited Company, Limited liability Partnership, Unlimited liability, Non-Profit organisations, Trust are the different types of Company to run a business.
No minimum capital amount limitation to initiate the company in India. Common company seal is the optional one. This process is following instead of Signature form the authorised director. Board resolutions are confidential one. These are the basic features and all are effective from the Companies act of 2015.
Yes, foreign nationals are allowing for establish their business setup with the company registration procedures following in India. Now foreign nationals can spread their business colour in India.
Memorandum of Association and Article of Association are the two documents stands out with the crucial information of a company. All the business relating constitutions are binding with these essential documents.