Business Startup in India

All over the world, incorporated business organisations are popular structures for carrying out business activities. The main benefits of these structures are given below • Personal Assets Protection Liabilities of owners of incorporated business organisations are limited to their agreed contribution. It means a shareholder of a Company or a partner in an LLP only need to contribute his agreed share. After he contributes his share, he is not liable to contribute additional amount even if the company or LLP creates further liability in its name. • Perpetual Succession An incorporated business continues irrespective of change in its owners. It is because, as per the law an incorporated business is a legal person distinct from its owners. So change in the owners will not affect the existence of an incorporated business. This is not the case for a partnership or sole proprietorship. If a partner resigns or dies, it is the end of the partnership firm. Same is the case of a sole p...

Company form of organization is most common incorporated business structure in India. Company form of business structure started in India during the British period and after Independence, Government of India reframed the law. The present law governing company formation and administration is Companies Act, 1956. Till 2006, company registration was possible only by filing physical documents with Registrar of Companies is each State or region. To catch up the requirements of time, the system of incorporation of company switched to electronic filing using digital signature. Document filing for company registration and other regular filings are being done through the Ministry of Corporate Affairs website  http://www.mca.gov.in . Now company registration in India is paper less and all documents are filed electronically online. Registrar, register company and issue certificate electronically with the digital signature. Registering a company is a complex process and it required det...

Companiesinn Consulting LLP CompaniesInn Consulting LLP, registered on 24-04-2009 is the first LLP registered online with www.llp.gov.in.

Company Registration is a specialized service as which requires professional knowledge of company law and practice. www.companiesinn.com   has redefined the complicated process of company registration to simple and hassle free steps. With the professional and practical expertise of our team, we have evolved a new method of incorporation with high professional standards at an affordable price. Below are the simple processes for company registration. 1.       Apply Directors Identification Number (DIN). DIN is mandatory for all directors of a company. Each proposed directors can obtain this number using his address proof and identity proof. 2.       Apply for Digital Signature Certificate (DSC). Company registration in India is an online process where all the required documents are being filed online. These electronic documents need to be signed using DSC. For this one of the proposed director need to take a DSC. 3. ...

Compliance requirements for Company The management of a company is vested with the Board of Directors. The Board of Directors manages the day to day affairs of the company subject to the provisions of the Companies Act and as per the Memorandum and Articles of Association. The decisions at the meeting of directors are carried by way of resolutions. There are certain decisions that require the approval of shareholders by way of a resolution. The compliance process in a company is ensured by way of meetings of directors and shareholders, maintenance of Minutes, Registers and Records, appointment of company secretary, maintenance of accounts and audit and filing of periodic and event based returns to Registrar of Companies and other regulatory authorities. Board of Directors and Meetings Directors are appointed by shareholders and the day to day management of company is vested with the Board of Directors. The Board carry out the management through decisions taken at their...

CRITERIA PROPRIETORSHIP PARTNERSHIP LIMITED COMPANY Minimum Number of Members 1 Person (either natural or artificial) 2 Persons (either natural or artificial) 2 in case of Private Limited Company and 7 in case of Public Limited Company Maximum Number of Members 20 except in case of banking business. 10 in case of banking business 50 in case of Private Limited and unlimited in case of Public Limited Company Cost of Registration As there is no registration required, No Statutory fees is payable The cost of registration is negligible The cost of Registration, mainly the statutory filling fees depends on the proposed Authorised Capital Legal Entity Proprietorship does not have legal entity as the Proprietor and the firm are same persons Partnership does not have Separate Legal Entity other than ...

The present business structures available in India are proprietorship concerns, partnership firms and Limited company.   Compare to other structures, limited company have many advantages including shareholders limited liability for business debts and obligations, perpetual succession and may more. Company Registration in India is regulated by Companies Act.   Office of Registrar of Companies (ROC) in each State, register companies on filing of incorporation documents subject to company law. Basic Requirements Minimum requirements for registering a private limited company are two promoters/first shareholders, two directors having DIN (Director Identification Number), digital signature for one of the promoter & director. In case of public company, seven promoters/first shareholders, three directors having DIN are the minimum requirements. Minimum capital for a private limited company is INR 100000 and public company is INR 500000.   Any proposed director does...