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What is a Company and what are different types of Companies?

According to the Companies Act, 1956, a Company is an association of people which is formed and registered under this Act or any previous company laws. A company is a separate legal entity which is different from its shareholders. It is an important feature of Company that there is a difference between people who have control over the affairs of a Company and the people who actually own it.

    Different types of Companies are as follow:
  • Private Limited Company
  • Public Limited Company
  • Limited Liability Company
  • Unlimited Liability Company
  • Non-Profit Organizations (which are also known as Sec.25 Companies)
  • What are the types of Companies that I can register in India?
  • Here are the various types of companies you can register in India:

What is MOA and AOA?

MOA stands for Memorandum of Association whereas AOA means Articles of Association. Both these documents act as important source of information for various shareholders and other stakeholders associated with a Company.

MOA reveals the name, aims, objectives, registered office address, clause regarding limited liability, minimum paid up capital and share capital of a Company. In short, it explains the relationship of a Company with outside world.

AOAs are the necessary documents to be submitted when the company is incorporated with the registrar of Companies (ROC). When AOAs are in conjunction with the MOA, they are called the Constitution of the Company.

I welcome you to the world of continuous improvement. Quality Circles provide an exciting opportunity to unfold new knowledge. Over the years Quality Circles has proved its effectiveness in the Industries, Educational Institutes, Banking, Hospitals & Domestic Sectors towards improving product & process quality along with enjoyable work life.

TEI, Total Employee Involvement through Quality Circles, is an important activity which immensely changes the business performance and increases delivery of industries, this is evident, in terms of mind set changes of employees, decreasing pain areas and overall improvement trend. This also imbibes a culture of continuous improvement (KAIZEN) and perpetual cycle of challenging status quo.

On the occasion of QCFI- Delhi Chapter launch, i.e. www.qcfidc.com launch, I congratulate each and every body for your contribution. Quality Circle has become a word synonymous to life. In this era of perfection our endeavour should be to surpass all standards to give inputs to a world with holding the best future for our coming generations.

A world where there is a balance of Spiritual needs, Economical needs, Emotional needs, Social needs and Quality circle is the only way to achieve all. Quality Circle not only focuses on finding new ways of doing work but also develops the human resource, which is an indispensable resource of any organization; hence we called it as “Creating Human Capital”. I wish to convey the message of cooperation so that everyone benefits from the collective wealth of professional experience and expertise.

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