COMPANY REGISTRATION
Types of Company Registration In India
In India, an entrepreneur can start his business (Foreign or Indian) in one of seven different types of companies and use the registration process in many ways. Every way needs registration with Indian government authorities. This registration has an unique importance in the Indian economy, and it opens a gateway to many opportunities for individuals and groups of people. In the Republic of India, there are seven types of companies and registrations.
How to understand the various types of company registration in India?
Today, the need of the hour is that any small or big business should register strictly under the Companies Act of 2013. In the Republic of India, there are seven different categories of business registration. Due to several alternatives, it can be inundating to select the right kind of company registration. However, we have a detailed list of company registrations and their application processes to make your company registration process effortless.
Today, the need of the hour is that any small or big business should register strictly under the Companies Act of 2013. In the Republic of India, there are seven different categories of business registration. Due to several alternatives, it can be inundating to select the right kind of company registration. However, we have a detailed list of company registrations and their application processes to make your company registration process effortless.
In India, there are seven different types of company registration:
1. Sole Proprietorship
2. Partnerships organisations
3. Limited Liability Partnership
4. One person Company
5. Private limited Company
6. Public Limited Company
7. Section 8 Company (like NGOs)
1. Sole Proprietorship
2. Partnerships organisations
3. Limited Liability Partnership
4. One person Company
5. Private limited Company
6. Public Limited Company
7. Section 8 Company (like NGOs)
Sole Proprietorship : We understand that a sole proprietorship registration is a company where a single entity manages the business.
Partnerships organisations : Two or more partners who have already determined their role and profit-sharing can enter into a partnership and conduct business activities. For a Partnership Firm Registration, you need to use a binding agreement referred to as the Partnership Deed. You can specify duties, commitments, responsibilities, and the number of shares owned under business registration.
One-Man or Person Company : A single individual must serve as a director in one-person company registration. In other words, the single individual will be the director and a member or shareholder. It is similar to a sole proprietorship.
Limited Liability Partnership : We understand the LLP registration process is similar to that of partnership firm registration. But, it offers you limited liability.
Private Limited Company : Private limited company registration is a perfect option for businesses that need to establish private organization companies. To safeguard their investment, a group of shareholders spreads the liabilities among themselves in this form of corporation. Shares in such a company cannot be traded or distributed publicly. The advantages of private limited company registration are vital because investors and banks prefer this registration, and it exists even if the directors change.
Public Limited Company Registration : Public limited company registration is identical to private limited company registration. The sole distinction is that the company’s shares can perform trading activities on the stock exchange. Therefore, it allows the transfer of shares from one member to another.
Section 8: Company Registration (like NGOs)
Non-Profit Groups, or NGOs, are the most frequent titles for these charity organizations. The primary aims of these groups are social in nature, promoting the arts, sciences, learning, climate change, and assisting people in need.
Non-Profit Groups, or NGOs, are the most frequent titles for these charity organizations. The primary aims of these groups are social in nature, promoting the arts, sciences, learning, climate change, and assisting people in need.