law: Companies Act, 2013 
  CHAPTER
  
  XXI
  PART
  
  I.— Companies Authorised to Register under this Act
  366.
  
    Companies
  
  capable of being registered.
  1.      For the purposes of
  
  this Part, the word “company” includes any partnership firm, limited liability
  
  partnership, cooperative society, society or any other business entity formed
  
  under any other law for the time being in force which applies for registration
  
  under this Part.
  2.      With the exceptions
  
  and subject to the provisions contained in this section, any company formed,
  
  whether before or after the commencement of this Act, in pursuance of any Act
  
  of Parliament other than this Act or of any other law for the time being in
  
  force or being otherwise duly constituted according to law, and consisting of
  
  seven or more members, may at any time register under this Act as an unlimited
  
  company, or as a company limited by shares, or as a company limited by
  
  guarantee, in such manner as may be prescribed and the registration shall not
  
  be invalid by reason only that it has taken place with a view to the company’s being
  
  wound up:
  Provided
  
  that—
               
  
   i.        
  
    a
  
  company registered under the Indian Companies Act, 1882 or under the Indian
  
  Companies Act, 1913 or the Companies Act, 1956, shall not register in pursuance
  
  of this section;
              
  
   ii.        
  
    a
  
  company having the liability of its members limited by any Act of Parliament
  
  other than this Act or by any other law for the time being in force, shall not
  
  register in pursuance of this section as an unlimited company or as a company
  
  limited by guarantee;
             
  
   iii.        
  
    a
  
  company shall be registered in pursuance of this section as a company limited
  
  by shares only if it has a permanent paid-up or nominal share capital of fixed
  
  amount divided into shares, also of fixed amount, or held and transferable as
  
  stock, or divided and held partly in the one way and partly in the other, and
  
  formed on the principle of having for its members the holders of those shares
  
  or that stock, and no other persons;
             
  
   iv.        
  
    a
  
  company shall not register in pursuance of this section without the assent of a
  
  majority of such of its members as are present in person, or where proxies are
  
  allowed, by proxy, at a general meeting summoned for the purpose;
              
  
   v.        
  
    where
  
  a company not having the liability of its members limited by any Act of
  
  Parliament or any other law for the time being in force is about to register as
  
  a limited company, the majority required to assent as aforesaid shall consist
  
  of not less than three-fourths of the members present in person, or where
  
  proxies are allowed, by proxy, at the meeting;
             
  
   vi.        
  
    where
  
  a company is about to register as a company limited by guarantee, the assent to
  
  its being so registered shall be accompanied by a resolution declaring that
  
  each member undertakes to contribute to the assets of the company, in the event
  
  of its being wound up while he is a member, or within one year after he ceases
  
  to be a member, for payment of the debts and liabilities of the company or of
  
  such debts and liabilities as may have been contracted before he ceases to be a
  
  member, and of the costs, charges and expenses of winding up, and for the
  
  adjustment of the rights of the contributories among themselves, such amount as
  
  may be required, not exceeding a specified amount.
  1.     
  2.     
  3.      In computing any
  
  majority required for the purposes of sub-section (1 ), when a poll is
  
  demanded, regard shall be had to the number of votes to which each member is
  
  entitled according to the regulations of the company.