3. What Is Company Registration?
Company Registration is the method to incorporate a business entity according to
the Companies act 1956.
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4. Business Entities and Their Types
Business entities are bodies that are designed to conduct business. There are 9
types of business entities:
One Person
Company
Private Limited
Company
Public Limited
Company
Section 8
Company Partnership
Limited Liability
Partnership
Producer
Company Nidhi Company Sole
Proprietorship
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5. Benefits of Company Registration
• Access to a proper legal structure.
• A registered company is trusted more.
• Companies are separate entities from
their owners.
• It easy to transfer ownership of
registered companies.
• Companies can itself own property.
• Companies enjoy perpetual existence.
• Easy access to loans from the banks.
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6. Features of One Person Company
OPC
Features
It only has one
member at any
time
“OPC” has to be
mentioned in
the bracket of
company name
The member
should be a
naturalperson
The member
should be Indian
resident
Only one OPC
per person
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7. Features of Private Limited Company
PVT
Features
Minimum
two
members
A member
index needs
to be
maintained
Minimum
two
directors
No
prospectus
required
Have to
suffix private
limited at the
end of the
name
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8. Features of Public Limited Company
Features
Minimum 7
members
There is
limited
liability
There is
perpetual
succession
An index of
members is
maintained
Minimum 3
directors
5 lakhpaid
up capital
Prospectus
needs to be
maintained
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9. Features of Section 8 Company
Section 8
Company
This company
does not
make profits
This company
is meant for
public welfare
No minimum
share capital
Limited
liability is
there
Central
government
license
required
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10. Features of Partnership Firm
Features
Owned by
partners
No a
separate
legal
entity
Unlimited
liability
Perpetual
succession
is absent
It is a
mutual
agency
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11. Features of Limited Liability Partnership
LLP
Features
It is a
separate
legalentity
Taxed as
partnership
Limited
liabilityis
present
Two
designated
members
Two DPINs
required
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12. Features of Nidhi Company
Is a form of
mutual funds
company
Borrowing and
lending only
allowed among
members
Promotes small
savings
Provides a
secured meansof
investment.
Nidhi
Company
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13. Features of a Producer Company
Producer
Company
No
restriction
to
minimum
members
Minimum
paid up
capital is Rs
5 Lakh
Minimum 5
directors
required
Can’t
convert into
a public
company
Tenure of
directors
from 1 to 5
years.
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14. Features of a Sole Proprietorship
Sole
Proprietorship
Not a
separate
legal entity
Formed by
only a single
person
Unlimited
liabilities
One person
controlled
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15. Documents Required For Company Registration
All forms of companies other than partnership firm and Sole proprietorship are
registered the same way, and therefore, the same types of documents are
required:
PAN card of the directors.
Address proof card of the directors.
ID proof of the directors.
Photo IDs of the directors.
Residential proof of place of business.
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16. Process of Company Registration
All forms of companies other than partnership firm and Sole proprietorship are
registered the same way:
Gather the documents required
Apply for DSC
Apply for DIN
Get the name approved
Draft the Memorandum of Association
Draft the Article of Association
File the online SPICE application
Wait for the company incorporation certificate
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17. What Is A Partnership Deed?
A partnership deed is an agreement between partners. It contains the following
information.
Duties of the partners
Rights of the partners
Nature of business
Place of business
Duration of partnership
Ratio of profit sharing
Salary of active partners
Interest on contribution
Terms and conditions of expulsion
Terms and conditions for retirement.
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18. Documents Required For Partnership Firm
Documents required for partnership formation (whether registered or not) are:-
• Partnership Deed.
• PAN card of the firm.
• Address proof of the firm.
• ID proof of the partners.
• GST registration.
• Current bank details.
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19. Process of Partnership Firm Registration
Wait forthe
registrar to
process of
your
application.
Pay the
necessary
fees of
stamp
duties and
application
File an
application
to the
registrarof
firms
Get a
partnership
deed
Gather the
documents.
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20. Documents Required For Sole Proprietorship
Registration
To register a sole Proprietorship, the following documents are required:
PAN card of the sole proprietor.
Bank account details of the proprietor.
Address proof of the place of business .
Copy of all the licenses.
GST registration (if present).
Bank Account statement.
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21. Process of Sole Proprietorship Registration
Gather the documents required.
Apply to create the bank account in the name of Sole
proprietorship.
Get the bank account and apply for other licenses.
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22. Time Taken To Register Business Entities:
One person company: 8 days.
Private limited company: 10 days.
Public limited company: 10 days.
Section 8 company: 12 days.
Partnership firm: 10 days.
Limited Liability partnership: 10 days.
Nidhi Company: 20 days.
Producer Company: 20 days.
Sole Proprietorship: 10 days.
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23. Fees for Company Registration Services
One person company: Rs 6,999/-
Private limited company: Rs 5,999/-
Public limited company: Rs 34,999/-
Section 8 company: Rs. 29,999/-
Partnership firm: Rs. 7,999/-
Limited Liability partnership: 7,999/-
Nidhi Company: Rs. 29,999/-
Producer Company: Rs. 49,999/-
Sole Proprietorship: Rs. 2,999/-
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24. Contact Us
If you are planning to start your company & looking for the registration services
providers then contact Ajay Kumar Vhavle with given below information:
AJAY KUMAR VHAVLE
040-40060025 / 8074716673
avconsultantshyd@gmail.com
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