JustStart

JUSTSTART-logo

How Many Types of Company Registration in India

How Many Types of Company Registration in India

Would you like to start/incorporate a company? Or already have you incorporated? If yes, have you ever thought about what a company is? Well, a company is a separate legal enterprise formed under the rules and regulations of company’s act of 2013 & it has a legal existence separate from the individuals who own, manage & operate its functions. 

As per companies act, 2013 various types of company registration in India. It’s overwhelming to choose the right type of company registration. 

Private Limited Registration 

Limited Liability Partnership Registration 

One Person Company Registration 

Section 8 Company Registration

Public  Limited Company Registration

Now let us discuss about the company registration, its benefits, process & documentation required for the different types of company registration in india

Private Limited Registration

A private limited company is a company which is privately held for small businesses & those whose article of association restrict the right of transferability of shares & prevent the public from subscribing to them.

Benefits:

Separate Legal Entity

No Minimum Capital Requirement

Perpetual Existence

Ownership Transferable

Enhanced Value in Market

Why Register a Private Limited Registration Company in India?

The existence of a private limited company is not ruled to the death of its members & shareholders. Company owners experience a pool of opportunities. They can expand their business by merging with other firms also. They have lower corporate tax rates to pay.

Documents Required for Private Limited Registration

In Case of Indian Nationals) 

  • Pan Card and Aadhar (Directors)
  • Identity Proof of Both Directors-(Voter ID /Passport/ Driving License)
  • Passport Size Photos ( Latest Photos of Both Directors)
  • Business Address Proof ( Latest Electricity Bill/Telephone Bill of the Registered Office)
  • NOC from the Owner (We Will Provide)
  • Residence Proof of Both Directors – (Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill). 

(In Case of Foreign Nationals)

  • Passport Copy (Mandatory) 
  • ID Proof (Any) – Driving License/voter ID/ (Issued by the Govt of Foreign Country)
  • Address Proof – Latest Bank Statement/ Latest Telephone or Mobile Bill/ Latest Energy Bill. (Issued by the Govt of Foreign Country and Should Not Be Older Than 30 Days)
  • Passport Size Photographs

*Note: the above-mentioned documents at points 1, 2 & 3 must be notarized by the public notary in a foreign national’s country.

Process for Registration of a Private Limited Company

Step 1- Obtain the Digital Signature

Step 2 -Application for name availability

Step 3 Filing form INC-32 (Spice +), Agile Pro

Step 4 -Submission of E-Moa & E-Aoa

Step 5- Roc Issues a Certificate of Incorporation, Pan No, & Tan No.

Now Your Company Is Incorporated. 

Limited Liability Partnership Registration (LLP Company)

LLP is a corporate entity in which the liability of the partners are separate from the company against all the financial losses incurred by the company. Llp enjoys full freedom in the matter of conducting its business operations.

Benefits

  • Ease of Formation
  • There Is No Minimum Capital Requirement
  • Less Compliances
  • Registration Cost Is Low
  • Easy Ownership Transferability

Why Register a Limited Liability Partnership Registration Company in India?

Limited liability partnership registration is that the partners in which are not personally liable and cannot be forced to pay a business debt or liability with personal assets or property except in the case of fraud. No compulsory audit. Quick legal recognition. Partners cannot be sued legally.

Documents for Limited Liability Partnerships Registration

  • Pan Card (Both Partners)
  • Aadhar Card (Both Partners)
  • Identity Proof of Both Partners-(Voter ID /Passport/ Driving License)
  • Passport Size Photos ( Latest Photos of Both Partners)
  • Business Address Proof ( Latest Electricity Bill/Telephone Bill of the Registered Office)
  • NOC from the Owner
  • Residence Proof of Both Partners – (Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill)

Process for Limited Liability Partnership Registration

Step 1- Obtain the Digital Signature

Step 2 -Application for Name Availability

Step 3 -Submission of Fillip Form

Step 4- Roc Issues a Certificate of Incorporation, Pan No, & Tan No.

Step 5- Filing of LLP Agreement in Form 3 Within 30 Days of Filing Form Fillip with MCA

One Person Company (OPC) Private Limited

One person company is a company which can be incorporated with a single person only. Having a minimum 1 shareholder, 1 director, and 1 nominee.

Note: only a natural person who is a resident Indian citizen or NRI is eligible to incorporate a one person company registration.

Resident in India means a person who stayed in India for at least 182 days during the immediately preceding calendar year.

Benefits:

  • Limited Liability
  • Continuous Existence
  • Secures Personal Wealth
  • It Requires a Nominee to Continue the Business Existence
  • Few Legal Compliances Required

Why Register a One Person Company Registration in India?

One person company allows single ownership. Requires less legal compliance. It has separate legal entity. Personal wealth is secured. Doesn’t require setting any minimum capital requirement. It requires a nominee to continue the presence of business. It enjoys the same privileges as private limited company.

Documents Required for Incorporating OPC Registration

  • Pan Card (Both Director and Nominee)
  • Identity Proof Both Director and Nominee -(Aadhar Card/voter ID /Passport/ Driving License)
  • Residence Proof of Both Directors & Nominee– (Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill)
  • Passport Size Photos ( Latest Photos of Both Director and Nominee )
  • Aadhar Card
  • Business Address Proof ( Latest Electricity Bill/Telephone Bill of the Registered Office)
  • NOC from the Owner 

Process for One Person Company Registration

 Step 1- Obtain the Digital Signature

 Step 2- Application for Name Availability

Step 3- Filing form Inc-2  

Attached Signed Inc-3 Form which is to Be Self-attested by the nominee)

Step 4- Submission of E-Moa & E-Aoa (Attached Signed Inc-3 Form Which Is to Be Self-Attested by the Nominee)

Step 5- Roc Issues a Certificate of Incorporation, Pan No, & Tan No.

Section 8 Company Registration/NGO Registration

Ngo’s established under sec-8 are an independent non-profit organization that are typically set up to promote education, social welfare religion, research, science, art, and culture and raise concerns about socio-environmental issues.

Benefits

  • Easy to Formulate
  • Much Easier Compliance
  • No Minimum Capital Is Required
  • Easy Government Funding Is Available
  • It Allows More Tax Saving

Why Register a Sec-8 Company Registration Company in India?

Section 8 company registration has a distinct legal entity. It allows more tax savings & much easier compliance. Easy to formulate. Protection from personal liability.

Documents Required for Incorporating Section 8 Company Registration (NGO Registration)

  • Pan Card and Aadhar (Directors)
  • Identity Proof of Both Directors-(Voter ID /Passport/ Driving License)
  • Passport Size Photos (Latest Photos of Both Directors)
  • Business Address Proof (Latest Electricity Bill/Telephone Bill of the Registered Office)
  • Annual Income Estimate
  • NOC from the Owner (We Will Provide)
  • Residence Proof of Both Directors – (Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill).

Process for Sec-8 Company Registration

Step 1- Obtain the Digital Signature

Step 2 -Application for Name Availability

Step 3 -Submission of Spice+ Form

Step 4- Apply for Tan & Pan of the Company

Step 5- Roc Issues a Certificate of Incorporation, License, Pan No, & Tan No.

Public Limited  Company Registration

A public limited company is an entity which is best for the business structure in which corporation can offers its shares to the general public & its shares can further be listed on a public stock exchange. Upon purchasing shares, shareholders are entitled to enjoy profit margins & bear losses to a limit. These forms of business structures are considered by that type of companies who mostly have large form of infrastructural plans. Minimum three directors & seven shareholders or members are required for a public limited company.

Benefits:

  • Shares Can Be Transferred Easily
  • Borrowing Capacity Increased
  • Separate Legal Entity
  • Shares Can Be Listed on a Stock Exchange
  • Unlimited Growth & Expansion Opportunities
  • Unlimited Fundraising

Why Register a Public Limited Registration Company in India?

Public limited company registration in india gives ability to raise capital & has a brand awareness, gain customer trust. It has its separate legal entity. Tax efficiency. It has potential to be listed after ipo.

Documents Required for Incorporating Public Limited Company Registration

  • Pan Card and Aadhar (Directors)
  • Identity Proof of all directors-(Voter ID /Passport/ Driving License)
  • Passport Size Photos (Latest Photos of directors)
  • Business Address Proof (Latest Electricity Bill/Telephone Bill of the Registered Office)
  • Rent Contract ( If Rent)
  • NOC from the Owner (We Will Provide)
  • Residence Proof of all Directors – (Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill).

Process for Public Limited Company Registration

Step 1- Obtain the Digital Signature

Step 2 -Application for Name Availability

Step 3 -Submission of Relevant Forms –Spice Part B, Spice Moa, Spice Aoa, Inc 9 Agile Pro

Step 4- Apply for Tan & Pan of the Company

Step 5- Roc Issues a Certificate of Incorporation, Pan No, & Tan No.

Have Query?
Get it answered within 24hrs!

    Our Popular Services at Glance

    Private Limited Registration

    7899
    • No minimum capital requirement
    • Limited Liability
    • Tax Advantages
    • Business Continuity
    • FDI Allowed
    • Builds Credbility
    • Personal Reputation

    LLP Registration

    6799
    • No minimum capital requirement
    • Legal Recognition
    • Lower Registration Cost
    • No requirement of compulsory Audit
    • Savings from lower compliance burden
    • Taxation relief
    • Easy Transferable Ownership

    OPC Registration

    7299
    • Separate legal entity
    • Liability of the members is limited
    • OPCs allow the Transferability of shares
    • Savings on compliances
    • It has to mention a nominee while registering the company
    • No minimum paid-up capital required

    Trademark Registration

    6299
    • Builds trust and Goodwill
    • Differentiates Product
    • Protection against infringement
    • Global Trademark Registration
    • Attract Human Resources
    • Exclusive Rights
    • Recognition to product’s Quality

    You cannot copy contents of this page