Sole Proprietorship is the easiest form of business done in India since it isn’t governed by any specific laws. Under sole proprietorship’s, the compliance’s are minimal and easy to fulfill.
Company Solutions will help to register a sole Proprietorship for that following documents are required:
A 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 a Partnership Deed that may or may not be registered. In such a business, the members are individually partners and share the liabilities as well as profits of the firm in a predetermined ratio.
Company Solutions will help to register a partnership for that following documents are required:
One person Company
OPC concept was introduced in the Companies Act 2013.OPC is registered with one share holder and have a single director such companies are required to suffix letter OPC with their name. They are easy to operate as there is no such compliance requirement to holding general meetings and board meetings.
WHO CAN FORM A ONE PERSON COMPANY?
Only a ‘natural person’ who is an Indian citizen and resident in India, i.e., a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one calendar year can incorporate a One Person Company.
Company Solutions will help to register a One Person Company for that following documents are required:
Limited Liability Partnership
Limited Liability Partnership (LLP) was introduced in India by way of the Limited Liability Partnership Act, 2008. The basic premise behind the introduction of the Limited Liability Partnership (LLP) is to provide a form of business entity that is simple to maintain while providing limited liability to the owners. Since, its introduction in 2010, LLPs has been well received with over 1 lakhs registrations so far until September 2014.
LLP is one of best advantage for partnership business form where one partner is not responsible for the misconduct of Other Partner ’s. LLP is a secure form of business and easily manageable in India. LLP gives a dual advantage one is for company liability and another for partnerships
Company Solutions will help to register a Limited Liability Partnership (LLP) for that following documents are required:
Private Limited Company
A private limited company is a company privately held for small businesses. This type of business entity limits owner liability to their shareholdings, the number of shareholders to 200, and restricts shareholders from publicly trading shares.
Advantages for incorporation of Private Limited Company
Limited risk to personal assets The shareholders of a private limited company have limited liability. This means that as a shareholder you will be liable to pay for company’s liability only to the extent of the contribution made.
Legal Entity A Private Limited Companyhas a separate legal entity different from you. This means that the Company is responsible for the management of its assets and liabilities, debtors and creditors. And you are not responsible for it. So, the creditors cannot proceed against you to recover the money.
Raising Capital Even though registering a Private Limited Company comes with compliance requirements, it is preferred by entrepreneurs as it helps them raise funds through equity, expand and at the same time limits the liability.
Trustworthiness Companies in India are registered with the Registrar of companies(ROC) under Companies Act 2013. Anyone can check the details of the company through Ministry of Corporate Affairs (MCA). Also, details of all the directors are provided while the formation of the company. Hence a Private Limited Companyform of business structure is trusted more.
Continue Existence A company has ‘perpetual succession’, that is continue or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or termination of any member but continues to be in existence irrespective of the changes in membership.
Public Limited Company
A Public Limited Company is formed like any other company. Two or more people are required to form it, and it is constituted by the filing of articles of association that describe its purpose, membership and capital. A limited company grants limited liability to its shareholders and, to a lesser extent, its management.
Advantages of a Public Limited Company
The biggest advantage of forming a Public Limited Company is, obviously, the ability to raise capital by issuing public shares. Selling shares to the public means anyone can invest in the company, meaning more capital can be amassed than a private limited company. Being listed on an exchange can also attract interest and investment from hedge funds, mutual funds and other traders. Being a Public Limited Company also means that the risk is spread out. By allowing the people the ability to buy shares means they’re also buying into the risk. It also means that there’s big potential for growth and expansion, so Public Limited Company can pursue new projects, buy more products, pay off debt and fund R&D.
For a foreign Investor in India it is very important to choose a right kind of business or corporate entity which best suits its purposes and takes care of liability issues and tax planning issues. Foreign Companies planning to do business in India should pay special attention to Entry Strategies in India for Foreign Investors and corporate structuring to save taxes to the best extent allowed by laws and international tax treaties.
It is also mandatory for foreign investors or foreign shareholders, both individuals and corporate shareholders, to seek Government Approvals for Investing in India In some special cases Foreign Investment Promotion Board, FIPB Approval for Foreign Investment in India is required. In other casesReserve Bank of India, RBI Approvals for Foreign Investment in India is required. The sectors where RBI Approval for foreign investors is available under automatic route can be found at FDI in India Sector wise Guide.There are various steps required to establish a business in India, before and after incorporation.
Company Solutions will help to register Indian Subsidiary for that following documents are required:
Nidhi Company is one of the categories of Non Banking Financial Company (NBFC) which does not require any Reserve Bank of India (RBI) license. Nidhi Company works through its members. It can accept deposits and lends loans to its members only. Nidhi is the safest and the cheapest way of raising funds from the General public. Nidhi Company is also called a Mutual Benefit company. It promotes the art of saving and utilization of funds within its member community. Anybody can register a Nidhi Company; there is no background check, nor there did any prescribe qualification for its owners. Nidhi Company cannot deal with anybody other than its members. We will have to understand the process of making a making in a Nidhi. The minimum capital requirement for Nidhi Company is five lacs with at least seven members needed to incorporate a company.
The functioning of society revolves around management and its practices. Business is the cornerstone of prosperity in society: companies create the resources that permit social development and welfare. It shows how companies, through their commercial operations, actively contribute to progress in society.
Companies benefit society by:
Company Solutions will help to register Society for that following documents are required:
NGO/Section 8 Company
In India, a Non-Profit organisation can be registered as Trust by executing a Trust deed or as a Society under the Registrar of Societies, or as a private limited nonprofit company under Section 8 Company under the Companies Act, 2013. A Section 8 Company is the same as the popular Section 25 company under the old Companies Act, 1956, which was one of the most popular forms of Non- Profit Organisations in India. But, as per the new Companies Act 2013, Section 25 (as per the old act) has now become Section 8.
As per Section 8(1a, 1b, 1c) of the new Companies Act, 2013, a Section 8 company can be established for “promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object”, provided it “intends to apply its profits, if any, or other income in promoting its objects” and “intends to prohibit the payment of any dividend to its members”.
To register a section 8 company in India, the process is similar to the incorporation of other companies (except an additional license is required). The applicant looking to start a section 8 company is required to file Form INC-1 for name availability. Once the name is approved, there is a further requirement of obtaining a license for a Section 8 Company, for which Form INC-12 is to be filed in order to obtain a license for such company. After obtaining license number, applicant can proceed further to incorporate a company by filing e forms SPICE-32, SPICE MOA and SPICE AOA.