law: Companies Act, 2013 
  Chapter
  
  II
  Incorporation
  
  of Company and Matters Incidental Thereto
  3.
  
    Formation
  
  of company.
  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 subscriber’s 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.
  1.     
  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.