Incorporation is the process of transforming a business into a legal entity that is recognized under law.
In order to be incorporated as a private limited company, a business should have at least two directors and a minimum paid up capital of Rs. 1 lac. Private limited companies are those companies that raise capital through private deposits and shares.
To be incorporated as a public limited company, a business should have at least seven subscribers, three directors and a minimum paid up capital of Rs. 5 lac. Public limited companies raise capital from the public through public deposits and issuing of shares.
JTI offers services and legal assistance for incorporation and formation of companies, joint ventures, formation of subsidiaries, due diligence, corporate governance compliance and practices, merger and acquisitions, financial transactions and Secretarial services including maintaining company records and filing with different statutory authorities. Company law governs the very manner in which a company functions. It lays down the manner in which a company is to be incorporated, the capital required for a company, the formalities with regard to filing the articles of association and memorandum of association, the powers and duties of the board of directors, the rules governing the meetings of a company, the procedure for dissolution of a company and all the aspects with regard to the functioning of a Company.
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