The Companies Act, 2013 is an important law in India that explains how companies should be set up, managed, and regulated. Its main purpose is to improve the way businesses are run, make things more transparent, and protect the rights of people involved, like shareholders. In this blog, we’ll break down the key features of the Act, the types of companies it covers, important updates, and its main goals.
Under the Companies Act, 2013, companies in India are categorized primarily into three types:
A Private Limited Company (Pvt Ltd) has restrictions on transferring shares and allows a limited number of shareholders, making it suitable for small businesses. It provides limited liability protection to its members.
A Public Limited Company can offer its shares to the public and has no cap on the number of shareholders. It follows stricter regulations and is often chosen by larger businesses that want to raise capital from the public.
A One-Person Company (OPC) is tailored for individual entrepreneurs. It offers the advantage of limited liability while allowing a single person to own and manage the entire company.
At MSME Story, we provide affordable and comprehensive services for hassle-free private limited company registration in India. Our expert team manages all legal processes and ensures compliance with MCA regulations, so you can focus on growing your business. If you want to learn more about the Companies Act 2013 and need help with your company registration, visit our website today.