As per Companies Act 2013 a Company in Indian can be formed for any lawful purpose as Public Company, Private Company or one Person Company. Provision in the Indian Companies Act 2013 regarding formation of Company is as under.
(1) A company may be formed for any lawful purpose by-
(a) seven or more persons, where the company to be formed is to be a
public company;
(b) two or more persons, where the company to be formed is to be a
private company; or
(c) one person, where the company to be formed is to be One Person
Company that is to say, a private company,
by subscribing their names or his name to a memorandum and complying
with the requirements of this Act in respect of registration:
Provided that the memorandum of One Person Company shall indicate
the name of the other person,with his prior written consent in the
prescribed form, who shall, in the event of the subscribers death or
his incapacity to contract become the member of the company and the
written consent of such person shall also be filed with the
Registrar at the time of incorporation of the One Person Company
along with its memorandum and articles:
Provided further that such other person may withdraw his consent in
such manner as may be prescribed:
Provided also that the member of One Person Company may at any time
change the name of such other person by giving notice in such manner
as may be prescribed: Provided also that it shall be the duty of the
member of One Person Company to intimate the company the change, if
any, in the name of the other person nominated by him by indicating
in the memorandum or otherwise within such time and in such manner
as may be prescribed, and the company shall intimate the Registrar
any such change within such time and in such manner as may be
prescribed: Provided also that any such change in the name of the
person shall not be deemed to be an alteration of the memorandum.
(2) A company formed under sub-section (1) may be either--
(a) a company limited by shares; or
(b) a company limited by guarantee; or
(c) an unlimited company.