What Are The Types Of Company Registration?

Are you planning to establish a company? Or want to build one? What type of company do you want to establish? Most people do not even know the different types of companies that can be formed. The companies you will form will come under the rules and regulations of the Companies Act 2013. 

Company Registration 

When you are establishing the company, the first thing that you need to consider is whether you are meeting all the requirements of the company or not? If you want to build a company, you need to select the right kind of company registration, which will depend on the activities and affairs of the company. Nowadays, you can even get your company registration online with more and more technologies.


However, some people are not aware of India's different types of company registration. If you are one of them and want to know about the different types of company registration online and offline, you should check this out!


Types of Company Registration


These are the different types of company registration in India under which you can get your company registered.


Private Limited Company Registration 


If you want your company to be a private limited, then Private limited company registration is an option. Generally, the responsibilities of liabilities are taken by shareholders. In these types of companies, the net capital is equal to the total shares which the shareholders hold. The private company does not have to trade or transfer publicly. 


If you want to get private limited company registration, then you will require some documentation which are


  • PAN card

  • Electricity and water bills of the company

  • Passport size photo

  • Voter id or Aadhar card of the director

  • Property document

  • Rent agreement

  • Letter of authorization from the landowner 


After gathering these things, you can start the process of private limited company registration.


Public Limited Company

A Public Limited company will hold the shares of the general public and establish them according to the law of the company and stock exchange platform. Therefore, a public limited company can apply for the ROC certification before participating in the commercial activities. 

The documentation required for the public company registration is the same as the private limited company registration.


Partnerships Company


Another type of company registration is Partnerships Company; it reflects a sole proprietorship. But one of the main differences between the two is the number of people involved. In a partnership business, there will be two or more two people who will share the responsibilities as per the agreement.


The partners will also share the company's profits in the agreement, and if there is a loss, then the partner will be the one sharing in a similar ratio. A partnership company comes under the rules and regulations of the Indian Partnership Act 1932.


Limited Liability Partnership (LLP company registration)


LLP Company registration is the new registration where the business assets are completely different from the person's assets. It offers limited liability protection, and in this, the partners are the ones who will be dependent on the share capital to pay the liabilities.

If you want to establish the company under LLP company registration, you will require ₹1 00,000 as the minimum capital. If you require any legal advice regarding the registration, you should contact lawgicalindia.


Sole Proprietorship


A sole proprietorship is a company that a single person runs. In Sole proprietorship, only one person will be responsible for the profits and losses. It is quite easy to set up, and most of the work is done from home or from where you are running the business. You can get the company registration online for Sole proprietorship.


One Person Company


One Person Company is the one that has entered the Indian market recently. It is the start-up or small business registration. When the owner gets this registration, the owner will get the protection of liabilities and will not require partnership.


The One Person Company is quite easy to handle, run and maintain. If you want to get registered under One Person Company, you require a minimum caption of ₹1, 00,000 just like the LLP company registration. One essential thing is that you need to be an Indian Citizen if you want to register under OPC. 


Section 8 Company


Under Section 8 company registration, the company is also known as the Non-Profit Organization. These companies are involved in charity work, and the company aims to encourage education, safeguard science and arts, and help needy people. It does not require any capital, but its director should be an Indian resident. In addition, the address of the company needs to be Indian.


Conclusion 


If you are thinking of establishing your own company, you need to decide which company you are establishing, and according to that, you need to get it registered. Therefore, registration is essential; you can get more details regarding the registration from lawgicalindia.

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