Different Forms of Business Organizations in India
By Team Legistify / 2016-04-23
When you decide to start your own business, you need to determine what type of business structure best suits your needs. Read about the different types of business organisations in India.

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India is an emerging market with wide scope and opportunities for both Indian and foreign investors. The Government of India offers entrepreneurial friendly policies which makes invasion and growth of businesses in India easier.

Before starting a business it is very important for the entrepreneur to prepare a blueprint of his business. This blueprint is referred to as the business plan which serves as a tool for planning. It is a formal written document which specifies the entrepreneurial vision, mission and strategy.

Private Limited Company

A private limited company restricts the right of the shareholders to transfer their shares . It has a minimum of 2 and maximum of 50 members, does not invite the public to subscribe to its share capital. Must have a minimum paid up capital of Rs. 1 lakh or such a higher amount which may be prescribed from time to time.

The minimum number of Shareholders and Directors - Members/shareholders-2, Directors-2. Directors or members may or may not be same.

When you decide to start your own business, you need to determine what type of business structure best suits your needs. Read about the different types of business organisations in India.

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!


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