The document discusses different types of business entities in India including private limited companies, public limited companies, sole proprietorships, partnerships, limited liability partnerships, one person companies, producer companies, and Section 8 companies. For each type of entity, the document outlines the key requirements, benefits, and approximate costs for incorporation. The types of business entities each have different rules regarding ownership, liability, taxes, compliance requirements, and other factors.
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The Presentation comprises all about the FPO. It covers structure, incorporation of FPO, formalities, legal compliance, working pattern, B-plan & others.
Any feedback would always be appreciated.
Company Registration in India – Registrationwalaregistrationwala
Easily register any type of company online in India within 10 to 15 days. Also, you can register your company from any part in India without going to any Govt office with the help of Registrationwala. For more detail you can watch this presentation.
https://www.registrationwala.com/company-registration
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Reflect Festival Limassol May 2024.
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- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
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4. Private Limited Company
4
Requirements
• Directors
• Digital Signature Certificate
• Director Identification Number
• Name of the Company
• Documents related to the
proposed directors of the
company
• Documents related to the
company
Benefits
• Separate Legal Entity
• Limited Liability of Members
• Perpetual Existence
• No Minimum Capital Requirement
• Higher Market Credibility
• Incorporation expenses – Rs. 6000 – Rs. 30,000 + Professional Fees
5. Public Limited Company
5
Requirements
• Minimum 7 shareholders
• Minimum number of 3 directors
• Memorandum ofAssociation and
Article of Association
• At least one director should have a
Digital Signature Certificate
• Prospectus of the Company
• Memorandum ofAssociation and
Article of Association.
• Other mandatory documents
Benefits
• Limited liabilities for the
shareholders of the company
• Perpetual Succession
• Improved capital of the company
• BorrowingCapacity
• Fewer risks
• Better opportunities for growth
and expansion of the company
• Incorporation expenses – Rs. 5000 – Rs. 2,50,000 + Professional Fees
6. Sole Proprietorship
6
Procedure for
Establishing Sole
Proprietorship Business
• Step 1: ObtainAadhar Card
• Step 2: Apply for PAN Card
• Step 3: Open the BankAccount in
the name of Business
• Step 4: Secure Shop and
EstablishmentAct License
• Step 5: Register under GST*
Benefits
• Fairly EasyTo Establish
• Ensures no profit distribution
• Adheres to minimal compliances
• Attract lowerTaxes
• Seamless Decision Making
• Incorporation expenses – Rs. 2000 – Rs. 3,000 + Professional Fees
7. Partnership Firm
7
Procedure for
Establishing Sole
Proprietorship Business
• Step 1: Step 1: Application for
Registration
• Partnership Deed
• Step 2: Choose the legalized name
of the Firm
• Step 3: Certificate of Registration
Benefits
• Easy to Incorporate
• Attracts minimal Compliances
• Allows partners to make quick
decision
• Profits and Loss Ratio is at the
partners’ discretion
• Incorporation expenses – Rs. 2000 – Rs. 4,000 + Professional Fees
8. Limited Liability Partnership
8
Procedure for
Establishing Sole
Proprietorship Business
• Step 1: Step 1: Application for
Registration
• Partnership Deed
• Step 2: Choose the legalized name
of the Firm
• Step 3: Certificate of Registration
Benefits
• Separate Legal Entity
• Limited Liability ofThe Partners
• Better Flexibility
• Low IncorporationCost and
MinimalCompliance
• No Need for Minimum Capital
Contribution
• Perpetual Existence
• Incorporation expenses – Rs. 500 – Rs. 5,000 + Professional Fees
9. One Person Company
9
Procedure for Registering
One Person Company
• Step-1-To Get DSC
• Step-2-To Get DIN
• Step-3-Approval of Name
• Step-4- Incorporation ofOne
Person Company
• Step-5- Obtaining a Certificate of
Incorporation
Benefits
• Easy Incorporation
• Complete Control by the Individual
• Least requirements for
registration
• Greater credibility
• Ease in Funding
• Incorporation expenses – Rs. 2,000 – Rs. 4,000 + Professional Fees
10. Producer Company
10
Pre-incorporation legalities
for incorporation
• At least ten producers to register
the company.
• Minimum 5 and maximum 15
directors
• Maximum 200 members: if the
proposed entity willing to function
as a private limited company
• Other mandatory documents
Benefits
• DepositAcceptance
• Loan against security
• Profit allocation to the members
• No taxes on the agricultural
income
• Loan Facility to Members
•
• Incorporation expenses – Rs. 15,000 – Rs. 18,000 + Professional Fees
11. Section 8 Company
11
Documents Requirement for
Registration
• Digital Signature Certificate
• Memorandum ofAssociation
• Articles of Association
• Passport Size Photographs
• Members’ Id Proof such as Aadhar
Card, Passport,Voter Id
• Details of Director (When the
Members Are Other
Companies/LLPs)
• Address Evidence
• Director Identification Number
Benefits
• Credibility
• Salary
• Transparency in operations
• Grants and subsidies from the
government
• FCRA for foreign funding
• Incorporation expenses – Rs. 12,000 – Rs. 15,000 + Professional Fees