The egovernance by Indian government is wonderful experience of citizen of this country. many people do not know that the information collected by Registrar of companies under ministry of Corporate affairs are public documents. previoulsy , if you wanted to view any of the documents concerning a company, you would have to stand in que at the office of registrar of companies .
Readers are told in earlier post what a public limited company . There is another kind of company called private company limited by shares. A private company, in terms of section 3(1)(iii) of the Act, means a company which has a minimum paid-up capital of one lakh rupees or such higher paid-up capital as may be prescribed, and by its articles :
Public limited company means a company limited by its shares. In terms of section 3(1)(iv) of the Companies Act, 1956 a public company means a company which is not a private company and has a minimum paid-up capital of five lakh rupees or such higher paid-up capital as may be prescribed. A private company which is subsidiary of a public company is also a public company.
There are provisions under Companies Act under which companies are termed vanishing companies on satisfying certain conditions. it is provided a company would be deemed to be a vanishing company, if it satisfies all the conditions given below
Ministry of Corporate Affairs has come out with "Easy Exit Scheme 2010 " under which companies registered under the Companies Act, 1956, but inoperative since incorporation or commenced business but became inoperative later on and are not filing their due documents timely with the Registrar of Companies
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