FORMATION OF COMPANY:
Section 3 of the Companies Act, 2013 deals with the basic requirement with respect to the constitution of the company.
In the case of a public company, any 7 or more persons can form a company for any lawful purpose by subscribing their names to memorandum and complying with the requirements of this Act in respect of registration.
In exactly the same way, 2 or more persons can form a private company and one person where company to be formed is one person company.
In the case of a public company, any 7 or more persons can form a company for any lawful purpose by subscribing their names to memorandum and complying with the requirements of this Act in respect of registration.
In exactly the same way, 2 or more persons can form a private company and one person where company to be formed is one person company.
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