What is a company under the Companies Act 1956?

The definition of company, existing company, public company, private company are given under Section 3 of the Companies Act, 1956. Public company means a company which is not a private company, private company means a company which, by its articles restricts the right to transfer its shares and other provisions mentioned in the Companies Act, 1956. You can read about the Companies Act 2013 – Indian Companies Act Definition, Companies Act 1956 in the given link.

Further readings:

  1. Insolvency And Bankruptcy Code (IBC) – IBC Amendment Bill 2021 
  2. Reserve Bank of India (RBI) – Functions and Composition

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