Limited Liability Registration
How Do We Help With New Company Registration
Online Company Registration is the process of incorporation of a new company or firm. Online firm registration in India can be done for a startup, a micro or medium business, or a non-profit organization. Company incorporation is regulated by the Ministry of Corporate Affairs (MCA) in India through the Companies Act, 1956, 2013 and other allied Bills, Acts and Rules.
There are various important services as well as protection offered by MCA to stakeholders in company incorporation in India. So it is beneficial to register to a company before starting any business or making any investment. As there are multiple types of company registration in India with different types of benefits.
Limited Liability Registration in Panchkula, Chandigarh & Mohali
At DAR & CO LLP, a team of highly educated professional legal advisors are there to help you out through the Limited liability registration process. Now the question is which type of company structure one should opt for. There are different types of company registration in India, such as private limited company, limited liability partnership firm, proprietorship firm, partnership firm, and Nidhi company, etc.
It is very important to select the correct type of company structure for your startup.
Steps of Company Registration process in India
Deciding your Company Structure
Private Limited Company
One Person Company
Limited Liability Partnership
Public Limited Company
Partnership Firm
Nidhi Company/Mutual Benefits Company
NBFC Company
Deciding your Company Structure
This is one of the most basic yet important step for Online Company Registration(Limited liability registration) in India. Deciding the company structure will determine the path your company takes and how it manages operations for its whole lifetime.
Thus, it becomes a crucial step to decide the right company structure according to your firm’s requirements and needs. There are many kinds of Business Structures in India, and it can be hard to choose which one to go for. Hence, we’ll take a brief look at all the company structures.
Private Limited Company
The Private Limited Company Registration is the most reknown business entities in India. In PVT LTD Company Registration every shareholder is liable for his share of the total capital.
The Partners in PVT LTD Company needs to maintain their Board meetings, Financial Transaction Records and Annual Reports.
There is also further bifercation in Private Limited Company Registration-
Company Limited by Shares – Members of the company are liable to subscribe their asset limited to the amount. If there are any unpaid shares then it is called as “a company limited by shares”.
Company Limited by Guarantee – In this kind of PVT LTD Company registration, the liability of the members is bounded by the memorandum to an amount.
Company members of the private limited company registration are individually managed as per the memorandum. This type of company registration may or may not have a share capital.
Unlimited Company – Unlimited Company Registration is known by not having any extent on the liability of its members.
It usually requires only 2 members to incorporate a Pvt ltd company registration online.
Getting investment is much easier in this kind of company.
A foreign participation whether in the form of director or shareholder is also allowed in Private Limited Company Registration.
Mandatory legal compliances are Business and Tax Returns, ROC Compliances have to be filed and Statutory Audit must be done.
One Person Company
The concept of One Person Company Registration is new in India. It is known to be an eminent form of company registration in India. If you are a resident of India then you are eligible to incorporate an One person company registration. Although there is a paid capital of shares of Rs 1 Lakh.
It requires only one member for company incorporation.
It is best for the people who have wants of restricting their liabilities.
If you are running a sole proprietor firm and want to expand it, OPC is right choice for you.
The mandatory legal compliance is Business Returns. ROC compliance is limited.
Limited Liability Partnership
Having minimum two partners, there is no limitation on the maximum number of partners in LLP Company Registration. Even the foreign LLPs can attain partnership in LLP Firm in India.
It requires 2 members to incorporate the LLP.
The startups or business having low investments can go for this one.
It requires less compliance burden.
It provides almost equal benefit as Private Limited Company.
The mandatory legal compliance is Tax Returns like GST Return and ROC returns to be filed.
Public Limited Company
In Public Limited Company Registration, presence of atleast 7 Shareholders are required along with 3 directors. There is no restriction of shares in a public limited company. If you are willing to commence a public limited company registration then you have to get a certificate from the ROC (Registrar of Companies).
It requires 7 members for incorporation.
They are highly suggested for the people who are high-business risk takers and have high turnovers.
There is no bar on company to make shareholders of company.
This is suitable for those businesses who want to operate their business at higher level.
The mandatory legal compliance is the Business tax returns and important statutory audits to be performed.
Partnership Firm
As per the Partnership Act 1932 – Section 4, Partnership company registraion is known as a legal relationsship between the persons agreed to the share. Either all member or any individual one, can handle the profit for everyone.
It requires minimum of 2 members for incorporation.
The liability of the partners of a partnership firm is unlimited.
A partnership is not a separate legal entity. The partners, collectively known as “Firm”.
A partnership may engage itself in any lawful business which the partners like.
The mandatory legal compliance is the Income tax returns and are supposed to comply with TDS, GST, ESI regulations.
Nidhi Company/Mutual Benefits Company
If you are planning your Fintech Business without investing big amount and RBI involvement, Nidhi Registration is best.
Nidhi can accept and lend money to its members.
RD, FD, Saving Account opening options are there for members.
No RBI involvement, less investment required.
NBFC Company
It is called Non Banking Financial Company
If you are planning to operate your Finance work at good level, NBFC is good option for you.
However RBI’s involvement lies there.
Hence, except these, there are other structures of companies that are Partnership Firm & Sole Proprietorship Firm.
Selection of a name for New Company Registration is easy. But complications begin at the time of registering it with the Ministry of Corporate Affairs. For that, Government has prescribed laws for name selection for company registration. According to the law, name should be unique in nature and shall not be similar to existing company. Also,there shall not be any trademark registered with the proposed name of the company.
How LegalPillers is providing CA Services?
LegalPillers is India’s most recognised Legal Tech platform which are providing numerous CA services through its online platforms not only in India but also across the globe. By using the LegalPillers’ platform, you can avail all CA Services at your door step. For getting the CA Services, you don’t need to visit physically at any of our offices. You have to just consult our Chartered Accountants, Company Secretariat and Advocates by call and submit documents online, make payment and get your work done at earliest.
What if I want to Startup Registration or Company Incorporation?
You can call your Online Company Registration as Startup registration. Startup Registration is nothing but a business registration type. Whether you can register a private limited company, Limited Liability Partnership, OPC, Partnership firm, or Proprietorship Firm etc,. each one of these shall be considered as startup registration.
Documents required for Online Company Registration Process
- Copy of PAN Card of directors
- Copy of Adhaar Card of directors
- Electricity bill of office
- NOC or rental agreement of office or ownership proof
- Photograph of directors
- Email id and contact number of directors)
- Other information as required
We at Dar Co LLP helping budding the entrepreneurs by providing free consultancy over New Company Registration or Firm Registration or Startup Registration. So that they become capable to contribute ecosystem. Legal Pillers is providing Online Company Registration by our CA Services with guaranteed best service in cheap price.
You will get various CA Services through our panel having Chartered Accountants, Company Secretary, and Advocates. Our professionals are also assisting in
New Company Registration
Online Company Registration Incorporation
Proprietorship Firm Registration
Startup India Registration
Firm Registration in India
Certificate of Incorporation
So, for Company Incorporation in India can be much easier if you put an effort of filling with well known CA services & consultancy. It usually takes 7-8 days to incorporate a company. Adhere to these steps and if you find any queries contact us.
For CA services Legalpillers is a great platform that can help your online company registration in India. You can give a call on 0172 3596664 for personals queries. We are here to serve you 24/7. We make sure the approvals made are positive. ” Happy Customer serves the company success”- we aim to achieve this through our legal services.
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