Companies Act, 1994 “Company means a company formed and registered under this Act or an existing company”. Thus, a company is an association of persons formed under the Companies Act, 1994 with a view to achieving some common objectives. And company formation is the process of incorporating a business. Upon incorporation, a private limited company becomes a separate legal entity; an 'individual' that is completely distinct from its owners and responsible for its own finances, assets and liabilities.
Types of companies,
Companies Limited by Shares
Companies Limited by Guarantee
Unlimited Companies
One Person Companies (OPC)
Private Companies
Public Companies
Holding and Subsidiary Companies
Associate Companies
Companies in terms of Access to Capital
Government Companies
Foreign Companies
Charitable Companies
Dormant Companies
Nidhi Companies
Public Financial Institutions