Private Limited Company Registration
In India, a Private Limited Company stands out as a popular business structure regulated by the Companies Act, 2013. Entrepreneurs aiming to establish a company in India find it crucial to undergo Private Limited Company Registration. This not only fosters the development of a strong business framework but also offers directors the advantage of limited liability. To register a Company under the Companies Act, 2013, it needs to be registered with ROC (Registrar of Companies) as per the guidelines & norms laid down by the MCA.
Public Limited Company Registration
The Public limited company in India is a voluntary association of members which has a separate legal existence and the liability of whose members is limited and it can sell its shares to the general public for raising capital. A Public Limited Company can either be an unlisted Company or listed Company on the Stock Exchange. It is suitable for large businesses that require huge capital.
One Person Company Registration
One person company (OPC) in India is one of the easiest forms of corporate entities to manage. It opens up new business opportunities for sole proprietors and entrepreneurs who also wish to enjoy the advantages of limited liability, and a separate legal entity as well. OPC is a form of a company where the compliance requirements are lesser than a private company. It can be registered with only one person who will act as a shareholder as well as director of the company.
LLP Registration
In India, the concept of Limited Liability Partnership was introduced in 2008 by the LLP Act, 2008. LLP has become the most preferred form of business among entrepreneurs. Registering an LLP in India has both the limited liability features of a Private Company and the flexibility of a Partnership Firm. No partner is answerable on account of unauthorized or illegal actions of other partners, thus individual partners are protected from joint liability created by another partner’s misconduct. LLP form of organization is usually preferred by Professionals, Micro and Small businesses that are family owned or closely-held. The maintenance cost and compliances are less in LLP.
Partnership Firm Registration
In India, partnership firms are governed and regulated under the Indian Partnership Act, 1932. Partnership firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. A partnership deed is a contract between the partners that governs the relationship between the partners as well as the partnership firm and establishes the rights, responsibilities, and obligations of each partner involved in the venture.
Sole Proprietorship Registration
A Sole Proprietorship is a type of business that is owned and managed by only one person and the owner of the business is called a Sole Proprietor. This type of business is the most common form of business that is used in India. The business is run by a natural person, there is no legal difference between the the business and its owner. The government of India has not prescribed any sole proprietorship firm rules and regulation in India. To establish a proprietorship firm, registration is not mandatory but advisable to get legal recognition.
Producer Company Registration
A Producer Company is a company, formed with an objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit. It is a hybrid of Company and Co-operative Society. Producer Company Registration is an important step for farmers looking to improve their income and livelihoods. It provides a platform for collective action, fosters entrepreneurship, and promotes sustainable agriculture. They can also promote sustainable agricultural practices, reduce post-harvest losses, and enhance food security.
Foreign Company Registration
To register a business in India is a very quick and online process. There is a good number of advantages for foreigners to start a company in India. India is very good for business as India is the fastest growing country with substantial human potential and a large market. Support of the Government, business friendly laws, attractive foreign policies and skilled workforce are a few factors which helps easy company registration in India. This process necessitates compliance with Indian laws and regulations, including obtaining the necessary approvals from the Reserve Bank of India (RBI) and the Ministry of Corporate Affairs (MCA).
Nidhi Company Registration
A Nidhi Company is a kind of Non-Banking Financial Company (NBFC). Nidhi Companies are formed to borrow and lend money to its members. It is dependent on the principle of mutual benefit and instils the habit of saving among its members. It is allowed to take loans from members and can lend to only members. Only members or shareholders can access the funds. Hence, it can not accept deposits or lend from/to non-members. Though Nidhi company is not required to receive the license from Reserve Bank of India, RBI is empowered to issue any directives to them..The Ministry of Corporate Affairs in the country monitors the functioning of Nidhi companies.
Section 8 Company Registration
Section 8 of the Companies Act, 2013 mentions provisions to establish a company as a non-profit organisation with specific objectives. These include the promotion of arts, commerce, education, sports and science. Section-8 Companies enjoy several benefits and exemptions due to their non-profit nature and adherence to specific regulations. Firstly, members of these companies benefit from limited liability, shielding their personal assets from the organization's obligations. Additionally, Section-8 Companies are exempt from paying income tax on their profits, as long as these profits are applied towards their charitable objectives. This tax exemption allows these entities to allocate more resources directly to their social causes, amplifying their impact. However, it is essential to note that such companies cannot distribute profits among their members and shareholders. Any profits generated must be used to promote the company's objectives.
Society Registration
Society registration is a legal process through which a group of individuals or organizations can form a society for the purpose of achieving a common goal or objective. This can include non-profit organizations, social groups, cultural organizations, and other entities with a shared interest. The registration of a society in India is governed by the Societies Registration Act, 1860 that aims at legalizing and bringing uniformity to the way such societies are governed. The registration process typically involves filing certain documents with the relevant government authority, such as the Registrar of Societies, and obtaining a certificate of registration.
NBFC Registration
NBFC stands for Non Banking Financial Corporation. NBFC is a company registered under the provisions of under the Companies Act, 2013, and regulated by the Reserve Bank of India. The working and operations of NBFCs are regulated and administered by the RBI as per the provisions prescribed in the RBI Act, 1934. Only the RBI has the authority to issue the NBFC Registration Certificate. These institutions are engaged in offering Loans and Advances, and Acquiring stock, equities, and debts issued by the government or any local authority, leasing, hire-purchase, insurance business, chit business.