Company Profile
In India, the Companies Act, 1956 broadly classifies the companies into private and public companies and provides for a regulatory environment on the basis of such classification. The following types of companies are registered with the Ministry of Corporate Affairs (MCA):
- A public listed company is one that is traded on stock exchanges.
- An unlisted public company is one that is not listed on any stock exchange.
- A Private Limited Company is a company that is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the number of shares respectively held by them. Shares of Private Limited Company cannot be publicly traded.
- A Limited Liability Partnership means a business where a minimum of two members are required and there is no limit on the maximum number of members. The liability of the members of an LLP is limited.
- An unlimited company is one that does not have any limit on the liability of its members (shareholders) as defined under clause (92) of section 2 of the Companies Act, 2013.
- A company limited by guarantee, also referred to as a Guarantee Company, is a company without any shareholders but it is owned by members called guarantors who agree to pay a nominal amount in the event of the company being wound up. It's a specific form used for a non-profit organization.
- A foreign company is any company or body corporate incorporated outside India that has a place of business in India whether by itself or through an agent, physically or through electronic mode; and conducts any business activity in India in any other manner.
In India, the Companies Act, 1956 broadly classifies the companies into private and public companies and provides for a regulatory environment on the basis of such classification. The following types of companies are registered with the Ministry of Corporate Affairs (MCA):
- A public listed company is one that is traded on stock exchanges.
- An unlisted public company is one that is not listed on any stock exchange.
- A Private Limited Company is a company that is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the number of shares respectively held by them. Shares of Private Limited Company cannot be publicly traded.
- A Limited Liability Partnership means a business where a minimum of two members are required and there is no limit on the maximum number of members. The liability of the members of an LLP is limited.
- An unlimited company is one that does not have any limit on the liability of its members (shareholders) as defined under clause (92) of section 2 of the Companies Act, 2013.
- A company limited by guarantee, also referred to as a Guarantee Company, is a company without any shareholders but it is owned by members called guarantors who agree to pay a nominal amount in the event of the company being wound up. It's a specific form used for a non-profit organization.
- A foreign company is any company or body corporate incorporated outside India that has a place of business in India whether by itself or through an agent, physically or through electronic mode; and conducts any business activity in India in any other manner.
SUBJECT Variables
NEW REGISTRATIONS
- A total of 16,072 new businesses were registered in India in Dec'22 of which 89 were Public companies and the rest were Private companies.
- 3,859 Limited Liability Partnerships firms (LLPs) were registered in India in Dec'21, in comparison to 4,084 LLP firms registered in Nov'21.
ACTIVE COMPANIES
Active companies refer to all registered companies excluding those which are defunct, dissolved, liquidated, under the process of liquidation, converted to LLP, lying dormant u/s 455 of Companies Act 2013, and those which are under the process of Section 248 of the Companies Act 2013.
- As of 31st Mar 2022, there were 1,438,045 active public and private companies, 6.9% more than a year ago.
- As of 30th Sep 2022, there were 255,286 active Limited Liability Partnership (LLP) firms, 14.2% more than in Mar'21.
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