Private Companies

A company formed by minimum two persons as shareholders having the following features:

• Name of the company ends with the words 'Private Limited'
• Minimum paid up capital INR 100000
• Minimum two Directors
• Maximum number of members is limited to 50
• Restriction for transfer of shares
• Prohibits invitation to the public to subscribe shares of the company
• Prohibits acceptance of deposit from the public.

Public company

A company which is not a private company. The minimum number of shareholders ands directors required for registering a Public Company is 7 and 3 respectively. Subject to compliance of the Companies Act, there is no restriction as to number of members, issue and transfer of shares and acceptance of deposits.

Non Profit Organizations

A company registered with the following features:

• Promotion of commerce, art, science, religion, charity
• Prohibits distribution of profit / income among members
• Registered with limited liability without addition of Limited / Private Limited to its name.