YOU CAN NOW REGISTER A COMPANY IN INDIA AT VERY COMPELLING PRICES!
Setting a Private Limited Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders. IVEC, your leading legal consultant, offers quick Company Registration service in India at nominal pricing. Here you will find how you can register your company. We take care of all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN. Now, you can open a current bank account and begin your business operations.
◉︎Private Limited Company
◉︎One Person Company
◉︎Section 8 Company
◉︎Public Limited Company
LLP was launched in India via the “Limited Liability Partnership Act, 2008”. The most important benefit of a “Limited Liability Partnership” is that, one partner is not liable for another partner’s misconduct or negligence. LLP is favoured by Professionals, Micro and Small businesses which are family-owned or closely-held.
Limited Liability partnership offers the benefit of “limited liability” to it’s owners and at the same time it requires very minimal maintenance. The owners of a “Private limited company” have limited liability to their creditors. And in the case of a default, banks/creditors can only sell the company’s assets and not the personal assets of the directors.
An LLP also provides “limited liability protection” to the owners from the debts of the LLP. Accordingly, all partners in an LLP enjoy the benefit of limited liability within the partnership.
LLP Registration can be done through “IVEC”, which has it’s offices in Delhi NCR, Mumbai, Bengaluru, Chennai and all other Indian cities.
Why Should You Choose An LLP?
1.It provides “dual advantages” of both a “Company and a Partnership”.
2.No partner will be responsible for any kind of misconduct by the other partner.
3.Cheaper to incorporate than a “Private limited company”.
4,Limits the liabilities of it’s partners.
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Private Limited Company registration is the most popular form of a “legal structure” for all businesses in India. A private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to their creditors and Banks/Creditors are allowed to sell only the assets of the company (when there is a scenario of default).
The creditors do not have the authority to sell the personal assets of directors. Do ensure that your company is registered, for starting a company in India. “Company Registration” is the foremost mandatory step for the beginning of a new venture. Registering your company is important.
As in the long run, it will provide you a great number of advantages. And some examples of that are “from registering in a hassle-free manner to dissolving easily also.”. “Start-ups and growing companies” prefer the tag of a “Private limited company”.
More about Private Limited Company
The liabilities of its shareholders become limited when they can raise outside funding in an easy manner. They also offer stock options to their employees (so that top talent can be brought into the company). Private Limited Company Registration can be done through IVEC (A Company registration agent) which has its offices in Delhi NCR, Mumbai, Bengaluru, Chennai, and other Indian cities.
If you want to register your own company then you can completely rely on IVEC (Company registration services provider) because we will assist you with the all the technicalities such as “The formation procedure for a new company”. Our experts will provide all the relevant information related to the “Company registration” procedure.
Private Limited Company Benefits 1.It is flexible.
2.It has limited liability
3.Greater capital contribution and greater stability
4.Possibility to grow big and expand
An OPC is the most modern form of business in India proposed by the Companies Act, 2013 and understand for a-One Person Company.
A forward-thinking idea was launched which promotes the incorporation of micro-businesses and persons with entrepreneurial ideas and to give a boost to entrepreneurs who have high potential to begin their venture by permitting them to build a single person company.
You can easily register one person company under the outlines of the companies Act 2013 and the laws thereto, where it was made viable for a single person company to work as a company without the complexity of having partners. This encourages more people to come forward to commence a business. The OPC is fit for small businesses where the turnover is not likely to cross Rs. 2 Crores. IN OPC Registration it’s important to note that the nominee or the director should be Indian Resident.
One Person Companies are benefiting largely in developing the overall economy of India. More and more Entrepreneurs are coming up and commencing their business. By incorporation of OPC, the company can enjoy the benefits in banking point and are eligible for Banking loans, credits. So, if you want to start up your own business, you don’t have to worry about all the network and slow processes.
Why Choose OPC?
The following is the eligibility guidelines for OPC Registration in India :
1.Can have more than 1 directors, but the shareholder cannot be more than 1.
2.Not affected by the death of a member or shift in ownership.
3.Effortless to set up and maintain comparatively.
4.Restricts the liabilities of its members
5.Minimum Paperwork is needed.
6.Can work as Stockbroker or Sub-broker
7.Not multiple compliances
8.No interference from any third party is seen
9.Even no person is permitted to incorporate more than 1 one-person company.
Public Limited Companies are companies whose shares are traded in stock market or issues fixed deposits. For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital. A Public limited company have all the advantages of Private Limited Company and the ability
Advantages Of Public Limited Company
An NBFC or a Non-Banking Financial Company is that kind of financial institution which provides various financial and non-financial services to individuals, business enterprises, entrepreneurs, etc. They are different from the Cooperative and Commercial Banks, They do not need to hold a banking license but must strictly follow the rules and regulations provided by RBI from time to time.
NBFCs, most commonly, operate in the field of industrial and commercial loans and advances, deposit’s, leasing, hire-purchasing, investment funds, chit fund business, insurance business, instruments of the capital & money markets such as stocks, debentures, bonds, and many other similar activities.
India’s financial sector has shown consistent growth for the past two decades. The NBFC part of this sector has transformed tremendously over the past few years. And NBFCs have been at the forefront in driving new credit disbursals for the country’s underserved retail and MSME market.
NBFC License must be taken from RBI u/s 45-IA of the RBI Act of 1934. A financial institution wishing to be registered as an NBFC must, be duly registered either as per the Companies Act of 2013, or earlier Act of 1956. RBI strictly regulates and ensures that the NBFCs are complying with the provisions and regulations provided in Chapter III B of the RBI Act. The principal business activity of an NBFCs is to raise capital from the public depositors & investors and lend these further to the borrowers.
NBFCs are the bridges that link the investors or depositors with the borrowers. They have become a better alternative to the banking and financial sector by providing financial solutions to the unorganized segments of society.
The feature that differentiates Nidhi Company from other companies, NBFCs etc. is that “Nidhi” deals with “deposits from” and “loans to” it’s members (shareholders) only, and works for the mutual benefits of it’s members. Accordingly, certain exemptions are provided to those companies in respect of annual compliances and taxation.
Nidhi Companies in India are formed, governed, and controlled by Section 406 of the new Indian Companies Act of 2013, the businesses (Nidhi Companies) Rules of 2014, and therefore the Chapter XXVI of the businesses Rules, 2014.
The objective of incorporating a Nidhi Company is to encourage savings amongst it’s members. And to satisfy this objective of cultivating the habit of saving amongst it’s members. Nidhi companies are allowed to require a deposit from and lend to the members only. In other words, the funds contributed to a Nidhi company come only from it’s members (shareholders) and are to be used only by the shareholders of the Nidhi Company. The name “Nidhi” in Nidhi Company means “treasure” and it originates from the Hindi vocabulary.
Nidhi Company may be a certain category of NBFC. Though indirectly regulated by the RBI, still RBI has powers to issue directives for them associated with their deposit acceptance activities. Moreover, because these “Nidhis” affect their shareholder-members only, they need been exempted from the core provisions of the RBI Act and other directions applicable to NBFCs. Therefore, Nidhi Company is a perfect legal entity to require a deposit from and lend to a selected group of individuals .