Definition and Features of a Company, Types of Companies, MoA,
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Public company?
7 or more persons
Private company?
2 or more persons
One Person Company (OPC)?
1 person
Transfer of shares?
Restricted
Maximum members?
200 (excluding past / present employee-members), except OPC
Prospectus?
Cannot issue prospectus / invite the public for shares or debentures
Deposits?
Cannot accept deposits from persons other than members, directors or their relatives
(a) — Point of distinction / Company / Partnership?
Point of distinction: Registration; Company: Compulsory under Companies Act 2013; Partnership: Not compulsory under Indian Partnership Act 1932
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