To start a business, the first prerequisite is to enroll the business and get formal Company Registration in some described forms of associations, in India it can be Sole Proprietorship or one person company, Private Limited Company- A minimum of two persons are required for a company registration. Public Limited Company , required at least three directors, and need to have a Certificate of Commencement from the Registrar in addition to Certificate of Incorporation.
Company Limited by Guarantee – A major difference of this form of company with other forms is that it does not have a share capital or any shareholders. Incidentally, the company is governed by its members, and the extent of their liability is defined by the Memorandum of Association.
