About Company Incorporation
In India, incorporation of a company is governed by the Companies Act 2013. It governs and regulates formation, financing, functioning and winding up of companies. It applies to whole of India and to all types of companies, whether registered under this Act or an earlier Act. But it does not apply to universities, co-operative societies, unincorporated trading, scientific and other societies.
The Act is administered by the Central Government through the Ministry of Corporate Affairs and the Offices of Registrar of Companies, Official Liquidators, Public Trustee, Company Law Board, Director of Inspection, etc. The Registrar of Companies (ROC) controls the task of incorporation of new companies and the administration of running companies.
The four Regional Directors, who are in charge of the respective regions, comprising a number of States and Union Territories, interalia, supervise the working of the Offices of Registrars of Companies and the Official Liquidators working in their regions.
They also maintain liaison with the respective State Governments and the Central Government in matters relating to the administration of the Companies Act, 2013.
There can be various types of companies as per the requirement of the Business, accordingly the setting up of a business in India or say structure of business that can be used to start up a business.
Section 25 Company / Section 8 Company