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TYPES OF COMPANY REGISTRATION IN INDIA FOR STARTUPS

In India, there are more than 1000 companies that are formed but not registered. And the registration process as a government in India is mandatory. So, every company should be registered today. There are different types of company registrations in India.

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TYPES OF COMPANY REGISTRATION IN INDIA FOR STARTUPS

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  1. LegalPillers TYPES OF COMPANY REGISTRATION IN INDIA FOR STARTUPS In India, there are more than 1000 companies that are formed but not registered. And the registration process as a government in India is mandatory. So, every company should be registered today. There are different types of company registrations in India. The benefit of company registration is to obtain legal certification to run smoothly. You can easily register a company online without any hassle. Easy Formation, Process and Documentation.

  2. Therefore, today we will focus on the types of company registrations in India and their characteristics. TYPES OF COMPANIES IN INDIA & REGISTRATION 1.Private Limited Company 2.Limited Liability Partnership 3.Sole proprietorship 4.Nidhi Company 5.Section 8 Company 6.Public Limited Company 7.One Person Company 8.Partnership Firm Registration Facility in Registered Private Limited Company: Member - minimum number of 2 members is required Members Index - A private company has authority over a public company Exemptions regarding directors- When it comes to directors, only 2 directors are required for a private company.

  3. Paid-up capital- There is no need to maintain minimum capital of the company. Name- All private companies should use limited word after their name. Facility to register LLP company: Sperate Legal Entity-A A separate legal entity from its members. Member's Limited Liabilities - There is a benefit of limited liability for its members. Not all members are responsible for other misconduct.

  4. LLP Agreement - Any agreement between members supervising the process of LLP is a private document which means confidential to the members. Partners-at least 2 partners (age 18 and older) in LLP are "nominated members" Capital Requirement - No capital is required for the formation of LLP. Sole Proprietorship Registering Features Single-person ownership and risk are also faced by the proprietors themselves. Every decision is taken by One Man Control who is the owner of the business. Profit and loss only to the trader / owner. Liability is not limited to sole proprietorship There is no limit to the need for capital, he can get money from anywhere. In the case of sole proprietorship, there is no separate legal entity. Features of registering a Nidhi Company Helps small savings between middle and lower-middle class

  5. Takes a fixed deposit for a reasonable return An easy source of collateral for members on loans Active instruments of savings and loans with minimal documentation Secure middle point of investment due to establishment of membership structure Section 8 Company / NGO Registration Features Section 8 companies are not intended to make a profit. Minimum paid share capital is not required. Members have limited liability. As these companies have charitable objectives, Features of registration of a Public Company: It must have a minimum of 7 members and there is no limit with respect to the maximum number of members. The shares of a public company are easily transferable. It can ask the public to subscribe to its shares or to buy its shares. You can easily take public money to expand the business. Features in OPC Company Registration

  6. Legal Protection: Provides legal protection to members of the company along with LLP. Formal status: Any unwanted situation will begin at any time, Easy to get loan: Registered OPC company can make it easy to get loan facility. Capital requirement: Minimum authorized share capital for any individual company with no limit. Members required: Maximum and minimum number of members for any OPC is only 1. Facility to Register Partnership Firm

  7. Two or more individuals are required to start a partnership firm A partnership deed is designed to make all the terms and conditions that describe the role of their part etc. A partnership agreement should define how to share profits and losses between partners. All partners are simultaneously and individually responsible for all activities undertaken by the partnership. Powered By LegalPillers is Providing Online Tax Consultants in India

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