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Title: company registration types in India that makes to fall in love with business


1
Company Registration types in India that makes to
fall in love with business
  • By- EARNLOGIC

2
COMPANY REGISTRATION IN INDIA
  • INDIA- A country with large number of start-up
    companies mushrooming massively and stands as
    third largest number of start- up in the world.
    This parallelly creates huge number of business
    opportunities for start-ups. Unluckily, the same
    India stands second in the number of unregistered
    business too. Registering a company is relatively
    easy and a stress free feel that proposes legal
    protection to the businessmen. Registered company
    can be operated effectively and enthusiastically.

3
LIMITED COMPANY REGISTRATION
  • Limited company requires a minimum of 3 Directors
    and has no limit on the maximum number of
    members. Limited company registration has more
    stringent and extensive compliance requirements
    when compared to a private limited company.
  • Its better to form a limited company and divide
    the shares equally.
  • By setting up a Limited Company, business people
    could protect assets which were effectively
    beyond those declared as assets of the company
    being formed.

4
PRIVATE LIMITED COMPANY REGISTRATION
  • It is one of the highly recommended way to start
    a business in India. Private limited company
    offers finite liability for their shareholders
    with convinced restrictions placed on the
    ownership.
  • The directors are different from the shareholders
    in private limited company registration. It can
    have a minimum of 2 member and maximum of 200
    member.

5
  • A private limited company is broadly classified
    into 3 types,
  • Company limited by shares,
  • Company limited by guarantee,
  • Un-limited company.

6
Limited liability
  • refers to limited exposure to financial risk by
    investors of a company. That is, the shareholders
    liability in the company is limited to the
    capital amount invested in the company.
  • For example, if Ram invests Rs.1 LAKH to start a
    private limited company, his potential loss
    cannot be beyond Rs.1 LAKH. He wont be liable
    for any liability beyond this initial amount of 1
    lakh.

7
Business continuity
  • The shareholders may come and go since, the
    company is unaffected even in case of death of
    any shareholders. So that the private company
    enjoys perpetual succession.

8
Fund Raising
  • The banks, venture capital funds and private
    equity funds lend their resources easily to a
    private limited company. Venture capital firm
    likes to invest here because they can exchange
    equity shares.
  • The banks can use the assets of the company as
    security for loan purpose. The registered private
    limited company can be easily sold to others
    without affecting any activities of the company.

9
PUBLIC LIMITED COMPANY REGISTRATION
  • A Public Limited Company is a voluntary
    association of members which is registered under
    company law. It has an individual legal existence
    and the liability of its members are limited to
    shares they hold.
  • One can choose what business structure suits
    their business needs and accordingly register
    their business. Public limited company
    registration is the legal destination of LLP that
    has offered shares to the general public and has
    limited liability.

10
ONE PERSON COMPANY REGISTRATION
  • The one person company was introduced under the
    Companies Act, 2013- Ministry of Corporate
    Affairs in order to support the entrepreneurs to
    create a single person economic entity. One of
    the greatest leverage of OPC is that only 2
    members are required for company registration and
    maintenance.
  • An OPC is a separate legal entity which offers
    limited liability protection to its shareholders
    and also easy to incorporate.

11
Difference between OPCs and Sole Proprietorships
  • A sole proprietorship form of business might seem
    very similar to one-person companies because they
    both involve a single person owning the business,
    but theyre actually exist some major differences
    between them.
  • The main difference between the two is the
    nature of the liabilities they carry. Since an
    OPC is a separate legal entity distinguished from
    its promoter, it has its own assets and
    liabilities.

12
PARTNERSHIP FIRM REGISTRATION
  • Some of the tools to stay afloat in this
    partnership ocean are namely small start, talent
    right partner identification, making
    introduction, getting clear vision, taking
    ownership, staying flexible, listening for feed
    backs and having fun.
  • Business partners are the persons who help the
    venture that is struggling to maintain the leads
    in a steady manner and thereby giving hands as a
    partner which finally results in unexpected
    growth development and opportunities.

13
LIMITED LIABILITY PARTNERSHIP
  • LLPs having a capital amount less than 25 lakhs
    and turnover below 40 lakhs per year do not
    require any formal audits It can own or acquire
    property because it is recognized as a juristic
    person and Partners of Limited Liability
    Partnership cannot claim the property as theirs.
    It is an alternative corporate business form
    which offers the benefits of limited liability to
    the partners at low compliance costs. It also
    gives way for the partners to organize their
    internal structure like a traditional
    partnership. A limited liability partnership is
    liable for the full extent of its assets. Hence,
    LLP Company is a hybrid between a company and a
    partnership.

14
SECTION 8 SECTION 25 COMPANY REGISTRATION
  • It can be entrenched for boosting commerce,
    science, sports, research, social welfare, arts,
    religion, charity, education, safe- guarding of
    environment or any such other object, provided
    it intends to apply their profits, if any, or
    other kind of income in boosting its objects and
    intends to prohibit the payment of any dividend
    to its members..

15
CONCLUSION
  • Let your trade plans be impenetrable and dark as
    night, but when you start your business, fall
    like a thunderbolt and shock your competitors!
  • Thank you,
  • Earnlogic Consultants
  • Call Us At 91 9842480987
  • Mail Us At info_at_earnlogic.in
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