The Lex Insight is a dedicated legal knowledge platform focused on explaining law in a clear, structured, and academically sound manner. This website is designed for law students, judicial and competitive exam aspirants, researchers, and readers who want a deeper and more accurate understanding of legal concepts beyond surface-level explanations. The aim is not merely to define the law, but to explore its reasoning, development, and practical implications in a way that is accessible yet intellectually rigorous. The content published here covers a wide range of legal subjects, including constitutional law, criminal law, company law, Muslim law, Hindu law, and other core areas of Indian law. Each article is written with careful attention to statutory provisions, judicial precedents, and doctrinal analysis. Rather than relying on brief summaries or oversimplified notes, the articles on this site engage with legal principles in detail, often tracing their historical background, judic...
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Types Of Companies : Public, Private and OPC
Private Company According to Section 2(68), the Companies Act, 2013, a “Private Company” means a company having a minimum paid-up share capital as may be prescribed, and which by its articles- (i) Restricts the right to transfer its shares; (ii) Except in case of One Person Company, limits the number of its members to two hundred: Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member: Provided further that- (A) Persons who are in the employment of the company; and (B) persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased, Shall not be included in the number of members; and (iii) prohibits any invitation to the public to subscribe for any securities of the company; Section 3(1) (b) provides that “a company may be formed for Any lawful purpose by two or mor...