Any enterprise or business should register legally under the Organizations Act of 2013. There are six common types of company registration in India. Because of a few choices, picking the right one for the company registration.
2. Basically, there are 6 important
types of company registration
process in INDIA
.
3. Private limited company
These kinds of private limited
companies are not governed by any
public authorities. It doesn't provide
full ownership to any shareholders. Its
having limited liability and rights to
the shareholders.
Generally, a public company transfer
its shares to the public, but It does not
transfer its shares freely to the public.
4. Limited liability partnership
An organization's LLP is possessed by
various partners it restricts the partners
from practising authoritative control
among different accomplices and
furthermore doesn't make different
partners liable for the negligence of one
partner.
This type of organization is registered
by joining the advantages of a
partnership company and another
company.
5. The organization is owned by only
one individual, where he is at the
opportunity to utilize any individual
with his own carefulness, and there
is nobody can't get a higher position
in the company other than him
otherwise he has authorized
someone to do so.
One person company
6. A business or company owned by
more than one member then the
number of members who own the
company are called partners of the
business and the form of ownership
is called partnership.
This type of business or company is
the most popular and common type
of company ownership in India
Partnership
7. A business or company owned by a
single person is called a proprietor
and the form of ownership is called a
Sole Proprietorship.
This Proprietorship firm registration is
mostly suitable for small start-ups.
Proprietorship
8. It is suitable for large-scale
companies that require a large
investment.
It is similar to the Private limited
company, just omitting the thing that
the company is controlled by public
shareholders. It has the majority of
direct regulatory requirements
compared to private companies.
Public Limited