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Title

Companies and their types in India

Authors

Yakovlev А. U., Cand. Sc. Politics, Deputy of the Chairman of the Department of the State and Municipal Management of the State University of Management. 99, Ryazansky Av., Moscow, 109542. E-mail: yak_igmu@inbox.ru

Yakovlev P. U., doctoral candidate of the Faculty of Law of the People’s Friendship University of Russia. 6, Miklukho-Maklaya Str., Moscow, 117198. E-mail: yak_igmu@inbox.ru

Section

Civil law

Issue

5/2013

Page

67-70

index UDC

346.2(540)

index LBC

Х404.013(5Инд)

Abstract

This article studies the issues of creating and functioning of companies in India. The author gives a definition of a company which is stated in the Indian legislation and points out the differences in the concepts of «company» and «partnership». The classifications of companies based on the way of their registration, number of the members and their responsibility are given. The author also makes a detailed analysis of Indian Law on Companies and states the extracts from it. Part of the work is devoted to the peculiarities of legal regulation of the status of the foreign companies in the country. They are understood as organizations registered outside the Indian Republic but operating inside the country. Foreign companies are allowed to be of only three forms: representative office, project office or branch.

Keywords

India, a company, commercial law, legal person.

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References

1. Podrobnee sm.: Jakovlev A.Ju. Sistemnye sboi v gosudarstvennom upravlenii i ih posledstvija: issledovanie voprosa na primere Indii [Systemic failures in public administration and their implications: studying the example of India] // Ars administrandi, 2012, №1. – p. 85-100.

2. Section 3 of the Companies Act, 1956.

 

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