Parakh management system pvt ltd Prahlad Nagar, Ahmedabad, Gujarat

A Public Limited Company is a formation of law and can be incorporated as per the government law and provisions contained in The Companies act 2013, and the rules made thereunder. Any seven people can start Public Limited Company with no limitation to the number of shareholders in the company. Public Limited Company is the best suited form of business for large scale companies. This form of business makes it easy to obtain money needed for capital requirement.. We assist companies in filing for incorporation, registering company name and drafting their MoA and AoA.

A sole proprietorship is a type of unregistered business unit that is owned, managed, and controlled by one person who retains the full authority & responsibility concerning the business. Sole proprietorships are one of the most common forms of business in India. It is easy and cost effective as well. The legal responsibility for the obligations of the business lies with the proprietor. Thus, the proprietorship is not a distinct entity unto itself, rather business and its owner are clubbed together. In this type of Business, the person operating will only be the director and shareholder himself.

One of the most prominent forms of business organizations in India is a Private Limited Company. Private Limited Companies requires registration under the Companies Act, 2013. The MCA governs Private Limited Companies. This form of business offers a lot of functional flexibility to small businesses and entrepreneurs. Registration of a private limited company is a process that can be completed online without the hassle of multiple visits to the concerned authority’s office for submission of various documents. You can register the company online at the MCA portal with requisite documents.

Partnership firm represents a business entity that is formed to make a profit from the business. Two or more parties come together with a formal agreement (known as Partnership Deed) to own and manage the business. The risk and responsibilities are shared amongst the partners that shared the burden of an individual partner. Also, when two comes together, more capital and expertise are combined that helps to reach the business goal easily. Partnership Act, 1932 defines the structure of a Partnership firm by providing all the necessary provisions to run the same. The Act validates both registered and unregistered partnership firms in India. However, an unregistered partnership has few shortcomings that attract partners towards Partnership Firm Registration. But, one can overcome it by registration firm any time after it is formed.

One person company is a new and unique concept introduced by Companies Act 2013 to encourage small traders and business persons. OPC provides the benefits of a company form of business, even to a single person. Statistics show OPC is set to become one of the most preferred forms of business organizations by small traders. OPC is a boon for the entrepreneur and low-risk service providers. As per Companies Act 2013. Section 2(62) OPC is defined as a company which has a person as a member. It’s a special type of company which allows the only one owner to start a business under Private limited structure without any other co-founder. To form an OPC, a person who is a citizen of India and he/she has stayed in India for 182 days during the immediately previous financial year. However, one person can’t form more than one OPC or become the nominee of more than one for such a company. Foreign nationals cannot register an OPC in India.

A Nidhi company registration belongs to the class of non-banking finance sector firms. The Nidhi Company registration empowers lending money and encouraging savings between the members of the company. Nidhi Company is defined under Section 406 of Companies Act, 2013 and Companies (Nidhi Companies) Rules, 2014. The Nidhi Companies is governed/ruled by the Central Government, Reserve Bank of India (RBI) is empowered to give directions regarding the matters related to the acceptance of deposits.

Companies registered under section 8 of the Companies Act 2013 are called Section 8 companies. Their principal objective is to promote of arts, commerce, charity, education, protection of the environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objects.. It functions like a Trust or society established for NGO activity, except section 8 companies are registered with MCA under the central government. The earnings of the Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company. The central government provides an incorporation certificate to all such companies and also informs them about some restrictions and conditions.

The limited liability partnership (llp) is a registered company under the llp act, 2008. As compared to unregistered partnership firms, registration offers many advantages. Llp act 2008 is the parent statute for llps. Llp is useful when two parties decide to start a business on a profit-sharing basis. Llps allow individual partners to be restricted from joint liability of partners in a partnership firm and are quite popular as a form of business entity in the west. As far as compliance is concerned, llp requirements are similar to private limited companies. Llps have a separate legal entity. The llp can sign contracts and sue parties in its name. It means that partners are not personally liable for the debts if the company. As compared to unregistered partnership firms, some additional compliances are required, but the legal formalities are less as compared to a private limited company, the legal requirements are less, and the llp form of business is easier to incorporate than a company.companies registered as an llp need to add “llp” as a suffix to the company name.

India has a booming economy, and it is a great destination for NRIs and venture capitalists to invest their money. There are many modes through which aaa foreign investor can invest in India. One of the most successful and sought after ways is Incorporation of Foreign Subsidiary in India in the form a private limited company.

The first step to register a trust starts with the drafting of a trust deed. The trust deed is to be executed on appropriate non-judicial stamp paper, the rate of stamp duty differs from state to state. The next step is to seek an appointment with the sub-registrar office having jurisdiction based on the registered office of the trust, and the government registration fee is to be paid after that. On the appointed date the trust deed is presented before the sub-registrar where all trustees need to be present along with two witnesses. The registration process is then undertaken by the office of the sub-registrar, and the registered deed can be collected after a week time. The next logical step shall be to get the PAN and TAN Number allotted for the trust and open a Bank A/c for the trust.