Form a company under Companies Act, 2013: Rules for public, private, and One Person Companies explained.
A company can be formed for any lawful purpose under the Companies Act, 2013, by seven or more persons for a public company, two or more for a private company, or one person for a One Person Company (OPC). The formation requires subscribing to a memorandum and adhering to registration requirements. An OPC must name another individual, with prior consent, to become a member upon the subscriber's death or incapacity. This consent can be withdrawn, and changes must be communicated to the company and Registrar. Companies can be limited by shares, guarantee, or be unlimited.
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