How many types of company registration in India

All types of company registration in India- an overview. It’s fundamental to check regardless of whether you’ve met every one of the necessities of an organization. From that point forward, now is the ideal time to choose the right sort of organization enlistment relying upon your organization undertakings and exercises. Prior to moving into the different types of company registration in Chennai-India, how about we comprehend area companies dwelling in the country. The companies are characterized into various classes in light of size, the quantity of workers, responsibility, admittance to capital, and so on, under the “Companies Act of 2013.”

Types of Company Registration in India: The Detailed Guide

Any business or a venture should enlist lawfully under the Companies Act of 2013. There are a sum of seven types of company registration in Chennai.

Notwithstanding, we’ve concocted an itemized list of company registrations and their application interaction to make your company enrollment process easy.

So, there are seven types of company registration in Chennai –

• Private Limited Company
• Public Limited Company
• Partnership Company
• Limited Liability Partnership
• One Person Company

Peruse on to abide further into the company registrations.

1. Private Limited Company

In the event that you might want to appreciate your conversation as a private substance, private limited company registration in chennai is an optimal decision.

According to the Companies Act of 2013, a venture is supposed to be a private limited company in the event that it meets the accompanying measures.

• It ought to comprise of something like two directors and maximum fifteen directors.
• One director should be an Indian resident.
• The base and maximum investors of the company ought to be two and 200, individually.
• It ought to have a dependable capital charge of at least ₹1, 00,000.
• It ought to have registered office address inside India.

Required Documents for Registration

The fundamental reports expected for the company registration in Chennai are as per the following:

• PAN card of all company directors
• Electricity and water bills of the company
• Passport size personal IDs, all things considered,
• Directors Aadhaar card/Voter ID card
• Tenant contracts
• Approval letter from the landowners

Step by step Guide to Private Limited Company Registration Process

• At first, directors ought to apply for the digital signature and DPIN (Director PIN relegated by the MCA).
• Select any three names for your company and give them to the MCA. Then, MCA picks any of them.
• Submit MOC and AOA.
• Get a company foundation declaration as legitimate verification for your business, where you can likewise get a CIN number.
• At last, apply for the PAN, TAN, and Bank accounts, presenting the fundamental records like MOA, AOA, and PAN.

2. Public Limited Company (PLC)

Not at all like private limited companies, can the portion of the public limited company be held by the overall population.

Required Documents for Registration

The expected reports for the registration of a company as a Public Limited are equivalent to that of a private limited company.

Step by step Guide to Public Limited Company Registration Process

• Prior to applying for the company registration process, ensure the company has at least seven investors, three directors, and capital of something like ₹5, 00,000 is required.
• Likewise, DSC (Digital Signal Certificate) is expected during the accommodation of character and address verification.
• Apply for DPIN and present your company name through the application. Try to incorporate objective provisions of the business through the application. Typically, this condition makes sense of the particular justification behind the company’s foundation, including its foundation date and the different exercises performed by it.
• Apply ROC joining fundamental reports like MOA, AOA, Form INC – 7, Form INC-22, and Form DIR-12.
• Pay the registration charge, and when the business gets endorsement from the ROC, it should apply for the “Authentication of Business Commencement.”

3. Partnership Company

Partnership companies comprise of at least two individuals in which the obligation of every part is expressed in the understanding plainly.

These companies can maintain their companies even without a permit on the off chance that they have enrolled a Partnership Deed. The company companies are controlled under the Indian Partnership Act of 1932.

Required Documents for Registration

• Form 1 statement
• Partnership Deed copy including the name of the partnership or substance, company’s activities, essential business area, extra company areas, date of partnership, name of the partners and address, time span from which the company has laid out.
• Partners’ PAN card and Aadhaar card/Voter ID card
• Possession/lease/rent of the business area

The statement should be marked and settled upon by all partners. Albeit, the company enrollment for partnership companies isn’t compulsory. In any case, you can profit of a couple of advantages thusly.

4. Limited Liability Partnership

LLP is moderately a recent fad where business resources are totally not quite the same as private resources and give extreme limited liability security.

Assuming you might want to lay out a LLP, one of the significant prerequisites is that you should keep a base capital of ₹1, 00,000 with something like one of the partners from this country.

Required Documents for Registration

• Company registration in Chennai requires PAN card or character proof like Aadhaar Card, Driver’s License, or Voter ID
• Bank proclamations, telephone bills, versatile bills, and gas bills
• Passport size copy
• NRIs require a passport
• DSC and enrolled office address proof records

Step by step Guide to Limited Liability Partnership Registration Process

• Get the DSC and DIN for your LLP partners. For the most part, DIN or DPIN enrollment should be possible immediately. Having one DIN for each partner is Mandatory.
• Apply for the endorsement of your business name by applying for MCA that will be additionally handled by ROC.
• After the company name gets supported by the higher authorities, the partners get an application.
• At long last, the accomplice can send the desk work in somewhere around 60 days of getting this letter. When you get the registration endorsement, you ought to apply for the Partnership Agreement in 30 days or less.

5. One Person Company

One Person Company registration in chennai entered the Indian market as of late. Most independent companies or new businesses show to a solitary individual pick this sort of enrollment. The qualification models to profit of this enrollment are the base capital sum ought to be about ₹1, 00,000. On the off chance that you’re into a money business, you’re not able to get an OPC enrollment by company registration in Chennai.

Required Documents for Registration

The following are the couple of fundamental records that should be presented by the company’s partners.

• PAN or Passport for outsiders
• ID proof
• Bank statements, electricity, gas, or telephone bill
• Signature of the specimen

The documents expected for the registration office are:

• Bank statement or bills
• Tenant contracts
• NOC of a land owner
• Copy of property deed(in instance of own properties)

Step by step Guide to One Person Company Registration Process

• At first, get DSC and apply for DIN.
• Apply for endorsement of the company’s name by MCA.
• Submit expected forms to MCA and get a fuse testament inside a couple of days from the government.

To know more about private limited company registration in coimbatore, click here.

Pick the right sort of organization enlistment in view of your business size, qualities, highlights, and different necessities.