Business Registration

 

 


It is just as important to choose the right company structure as for any business activity. Your business will be able to run efficiently and reach your business goals if it has the right business structure. Every business in India must be registered as a part of the legal compliance.
These are the types of entities that can be used to start a business in India:


Public Limited Company:

Public limited company, also known as a public company, is a limited-liability company that sells its shares to the public. Public limited companies must have at least fifty (50) shareholders. Public limited companies are mainly listed on the stock exchange.

Characteristics of Public Limited Company

• There are no maximum number of directors but required minimum of 3 Directors

• Minimum 7 Shareholders, with limited liability

• Minimum paid up capital of Rs.5,00,000.

• Minimum 1 Indian Director

• After their names, 'Limited.

• Publicize Prospectus

The Benefits of a Public Limited Company

• More Capital

• Mutual funds, Hedge funds, and other traders will receive more attention

• Greater business opportunities

• Financial Institutions have a greater preference for loans

• You can list your shares on a stock exchange

• Shareholders have the option to transfer their shares with ease

• Limits the liability of its Shareholders

• Spread out unsystematic market risk

• There are many expansion and growth opportunities.

Services offered by us

These are the services we offer at the time you register.

• DIN for 3 Directors

• DSC's for 3 Directors

• Approval & Search for Company Names

• Drafting of MOA & AOA

• Certificate of incorporation

• Company Pan Card

• Company TAN

• Annual Compliance Guidance

 

Private Limited Company (pvt-limited)

Private limited companies are a type Limited liability company whose shares are owned by less than fifty (50). These shares are not open to the public. Private limited companies are the majority of privately-incorporated businesses.

Characteristics of Private Limited Company Registration

• Minimum 2 Directors

• Minimum 2 Shareholders

• 1 director must be an Indian

• Minimum Authorized Capital Rs.1,00,000/-

• Perpetual succession

• Index of members

• Separate legal entity

• Limited Liability for Shareholders

The Benefits of Private Limited Company

• Because there are fewer shareholders, the sense of ownership is greater.

• There is less complexity and confusion in decision making and management.

• Possibility to Expand and Grow Large

• There are fewer formalities

• Financial Institutions have a greater preference for loans

• Shareholders have the option to transfer their shares with ease.

• Limits the liability of its Shareholders

• It's easy to sell a company

Services offered by us

These are the services we offer at the time you register.

• DIN for 2 Directors

• DSC's for 2 Directors

• Search for company name & approve

• Drawing of AOA and MOA

• Certificate of incorporation

• Company Pan Card

• Company TAN

• Annual Compliance Guidance

 

Limited Liability Partnership (LLP).

It is a well-structured business model because it has a separate legal entity than the partnership entity. The business assets and personal assets of the partners are also separate. The personal assets of the partners are not at risk if the business suffers losses. Each partner's share capital is the limit of his liability.

Characteristics for LLP

• Minimum 2 Partners (18 and older)

• There is no capital requirement

• Indian Resident must have at least one Designated Partner

• There are 2 minimum partners required to form an LLP, and there is no maximum number.

• The LLP agreement governs the powers and responsibilities for designated partners.

• LLPs must follow the naming guidelines published by the Registrar of Companies.

• The suffix "LLP", must be added to the end of the company's name.

The Benefits of LLP

• Dual benefits - The advantages of a partnership and a company

• Partner misconduct will not be held responsible for the other partner.

• It is easier and more cost-effective to form a Private Limited Company than a Private Limited Company

• There are 2 minimum partners required to form an LLP, and there is no maximum number.

• Fewer Compliances

• It is a distinct legal entity and not like partnership firms.

• Each Partner's liability and responsibility is limited to the amount they contribute.

• A LLP is entitled to 'perpetual succession

• It is very affordable to form an LLP

• There are no minimum capital contributions

Services offered by us

These are the services we offer at the time you register.

• DPIN for 2 Partners

• DSC's for 2 Partners

• Firm Name Search and Approval

• Drafting an LLP Agreement

• Certificate of incorporation

• Annual Compliance Guidance

 

Partnership:

A partnership is an arrangement in which two or more parties agree to work together to further their mutual interests. A partnership can include individuals, businesses or interest-based organizations. Schools, governments, and other combinations may also be included.

Characteristics for Partnership

• Partnership Deed

• Separate legal entity

• Minimum 2 Partners

• No fixed minimum Capital Requirement

The Benefits of Partner Registration

• Easy to establish.

• It is easy to maintain

• Minimum Compliance Requirement

• Audit is not compulsory

Services offered by us

These are the services we offer at the time you register.

• Drafting a Partnership Deed

• Firm TAN

• Card for Firm Pan

• Guidance on Annual Compliance

 

Sole Proprietorship:

A single-person entity that is managed by one person. This type of person is usually employed in traditional businesses. The business is managed by the founder, and not the owner.

The benefits of Proprietorship Firm

• Easy to establish.

• As compared to OPC, a sole proprietorship is easy to manage.

• Proprietorship has the advantage of a threshold of Income Slab to pay Income Tax.

• There are fewer formalities.

Services offered by us

These are the services we offer at the time you register.

• Register MSME

• Register for a PAN Card

• TAN registration

• Guidance and other Compliance

 

One Person Company (OPC).:

A single owner company that is managed by one person (the shareholder) and who also serves as the director. One Person Company (OPC), a new type of company, is an OPC. OPC was created in the Companies Act of 2013 to help entrepreneurs start a business or register a company. This allows them to form a single economic entity.

Characteristics of One Person Company

• The Company keeps a nomination for the Director.

• It is easy to set up and maintain.

• There is minimal paperwork required.

• There are not multiple compliances.

• Not necessary to hold an Annual General Meeting

• Easy Management and Decision Making are key to a successful business.

• One director can be allowed, but not more than one shareholder.

• The death or transfer of ownership does not affect the service.

• Only one OPC can be combined by a single person

The Benefits of One Person Company

• High sense of ownership.

• Management and decision-making is simpler and more straightforward.

• Financial Institutions have a greater preference for loans.

• It's easy to sell a company

• Continuous existence because an OPC has a separate legal entity.

• Greater credibility among financial Institutions and vendors.

• Limited documentation work.

• One Owner has full control of the company

• OPC is one of the easiest forms for corporate entities to operate

Services offered by us

These are the services we offer at the time you register.

• DIN = 1 Director

• DSC 1 Director

• Search for company name & approve

• Drawing of AOA and MOA

• Certificate of incorporation

• Company Pan Card

• Company TAN

• Guidance on Annual Compliance

 

 

A Section 8 Company:

A Section 8 Company of Companies is the same as a Section 25 company in the old Companies Act 1956. The most common form of Non-Profit Organizations in India is the Section 8 Company.

The Characteristics of Section 8 Company Registration

• Registration Under: Companies Act, 2013

• MCA Licensees

• For a Private Limited Company, there must be at least 2 Directors and 3 for a Public Limited Company. Maximum number of Directors is 15.

After passing a special resolution at a general meeting, more Directors can be appointed.

• India must have at least one director

• No matter how much initial capital is proposed for the Company it must be invested within two months.

• The Company is the owner of the property and it cannot be sold according to the Companies Act.

• You can wind up the society by complying with the bye-laws.

• Compliance requirements require annual filing of company accounts, statements, and returns to the ROC.

• All Directors must have a valid DIN (Director’s Identification Number) and DSC (Digital Signature Certificate).

• It pays no dividends or income to its members

• This license allows the company to be exempt from certain provisions of the law and has concessions on the fee.

• A minimum of two promoters must be present if the Section 8 Company is registered as a private limited.

• If it is a Section 8 public limited company, then at least 7 promoters are required.

• Finsukh.com allows you to register Section 8 companies

Section 8 Company Benefits

• Different Identity

• Zero Stamp Duty

• No Minimum Capital Requirement

• Section 8 Company doesn't need to be prefixed with Limited or Private Limited. You can register it with names such as Association, Society or Council, Club, Charities Foundation, Academy, Institute, Organisation and Federation.

• This type of company does not have to comply with the Companies Auditor's Order or CARO.

Numerous Tax Benefits

• They are more reliable than any other charitable organization. These companies are trusted because they follow the rules for managing profits and losses.

• Donors to Section 8 companies are eligible for tax exemptions under the Income Tax Act, 12A and 80G.

• A registered partnership company can become a member individually and receive Directorship.

Services offered by us

These are the services we offer at the time you register.

• DIN for 2/3 Directors

• Digital Signature for 2/3 Directors

• Search for company name & approve

• MOA and AOA

• Registering Fee

• Documentation required to obtain licenses

• Company Pan Card

• Company TAN

• Annual Compliance Guidance

• Maximum Time Required (45 Days*)

 

 

Liaison Office / Representative Office:

With the approval of India's government, a Liaison Office could possibly be set up. The Liaison Office's role is to collect information, promote exports/imports, and facilitate financial/technical collaborations. The Liaison Office cannot engage in any commercial activity, directly or indirectly.

 

Branch Office:

The activities of the branch office include: Import/Import, rendering professional or consulting services, and research work in which the parent company is involved. Promoting financial or technical collaborations between Indian companies with parent or overseas company.

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