This article will help you to learn about the difference between a government and a non-government company. Difference between Government Company and Non-Government Company Government Company 1. Ownership of Capital: Not less than 51% of the share capital is held by the Central Governments and/or one or more state Governments. 2. Auditing of Accounts: The accounts of Government companies are [...]
In order to get a company registered or incorporated, the following procedure is to be adopted: (A) Preliminary Activities: Before a company is incorporated, the promoter has to take decision regarding the following: 1. To decide the name of the company: A company may adopt any name it likes provided the name does not closely resemble with the name of [...]
The formation of a company is a lengthy process. For convenience the whole process of company formation may be divided into the following four stages: 1. Promotion Stage 2. Incorporation or Registration Stage 3. Capital Subscription Stage 4. Commencement of Business Stage. Stage # 1. Promotion Stage: Promotion is the first stage in the formation of a company. The term [...]