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If you are looking for setting up of your business and you have not chosen any of entity yet, you must know about the registration types of its. Company registration is a process to register company with Ministry of Corporate Affairs as Private Limited Company, One Person Company, Limited Liability Partnership Registration, Nidhi Company Registration, Public Limited Registration, Section 8 (NGO) Registration.
These are some types which can be registered under a company incorporation process. So select wisely a company registration type for your business setup. These are online company registration in India having more credibility as compared with other registration types.
Under New Company Registration Online you must consider a few things before opting for it.
These have their separate legal existence. For example, the liability taken by the company cannot shift on its directors except in a few cases.
These are having their separate legal existence. For example, the liability taken by the company cannot shift on its directors except in few cases.
If you register these kinds of companies they do not have any expiry time. You just need to do all the annual compliance which are required to maintain the company.
These are Online Company Registration registered companies that have better reputation in the market as compared to sole proprietorship, Partnership, etc.
If you have planned to take investment in your company, Online Company Registration registered company is a better option for you.
If you registered an Online Company Registration based company, the law which is governing these registrations will provide easy transferability of shares.
In the era of startups, the government is also seeking various steps which make registering a company online easy and smooth. Government is uplifting various regulatory requirements from the startups so that they can easily register companies online. New government makes the formation of companies easier as compared to earlier processes. Now new company registration online can be done even in a single day as well.
Selection of Right Business Name -
When you are going for an online company registration in India, it is essential to select your company's structure carefully when you register your business. Each business structure has its own level of compliance that must be adhered to. For instance, One Person Company and a Private Limited Company have to prepare the income tax returns and annual reports with the Registrar of Companies. The company's books of accounts must be reviewed annually. This is why it is crucial to select the appropriate company structure when considering company registration in India. Companies Like Nidhi Company, NBFC Company, LLP have different sets of law and their compliance requirements are differ. If you are at a small level but want to introduce your business at a good level, LLP and Private Limited Registration is best for you.
Comparison between different Types if Companies
| Point of Difference | Private Limited | One Person Company | LLP Registration |
| Registration | It is Registered under Companies Act, 2013. And regulated by ROC and MCA. | It is Registered under Companies Act, 2013. And regulated by ROC and MCA. | It is registered under Limited Liability Partnership Act, 2008 and regulated by ROC and MCA. |
| Name of Companies | Under Private Limited company it finished with the word “Private Limited Company”. For Example – ABC Services Private Limited. | Under One Person company it finished with the word “OPC Private Limited Company”. For Example – ABC Services (OPC) Private Limited. | Under ``LLP, it finished with the word “LLP”. For example – ABC Services LLP> |
| Ideal For | All kinds of business can be run under Private Limited Company. It is best type under company registration process in India | OPC Registration also has better credibility like Private Limited Company. It is best type under company registration process in India | LLP is best for those persons who are service industry centric. |
| Tax Benefits | Private Limited get higher benefits as compared to other entities. Under the Startup India scheme it can get benefits of tax exemption for the next 3 years. | OPC is also eligible to get better tax benefits like Private Limited Company | Under LLP it enjoys benefits on depreciation. |
| Compliances | As it is a Private Limited company with higher flexibility, the government regulates it better. It requires ROC filing and Audit of the company. | As it is an OPC Limited company with higher flexibility, the government regulates it better. It requires ROC filing and Audit of the company. | Lowe compliance burden of LLP in India. |
| Director Requirements | In case of Private Ltd. Only 2 persons are required to register it. | In the case of OPC, one director and one nominee is required. | In case of LLP, at least two persons are required to register it. |
| Minimum capital | Government has waived off the minimum capital criteria from Private Limited Registration. It can be registered even with a lower amount. | Government has waived off the minimum capital criteria from OPC Private Limited Registration. It can be registered even with a lower amount. | Government has waived off the minimum capital criteria from LLP Registration. It can be registered even with a lower amount. |
Here is the process of business registration in India, which is simple and easy
Firstly, we have to verify all the documents and check the availability of the company name. On the basis of the initial consultant, we will identify the registration type.
After receiving the documents we will create a Digital Signature Certificate for all directors. Every director is required to have Digital Signature for company incorporation purposes.
After preparation of DSC, documents of company incorporation and its application in e Form Spice 32 need to be prepared.
In the last step we will file an application with the Ministry of Corporate Affairs. And get our approval certificate. Here is your new firm registration work done. Government has eased the company registration process in India by introducing these simple steps.
We bring very reasonable and cost effective packages for you. Our package offers following things for new company registration in India-
To begin the process of company registration you just need few documents.
For Directors
For Registered Office
Above mentioned are some documents which need to provide by you for the purpose of company registration.
We are an online panel rendering Chartered Accountancy, Company Secretary, Advocates related service across India. We have a very strong panel of all these professionals who are supporting and advising thousands of startups in their business.
We are an online panel rendering Chartered Accountancy, Company Secretary, Advocates related service across India. We have a very strong panel of all these professionals who are supporting and advising thousands of startups in their business. We are assisting entrepreneurs into their business registration in India, CA Services, ROC Filing and others.
They manage our business with very professional manner. The Team is very polite and professional. I am very happy with services which they are providing. Thank you.
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