Are you planning to start a company? Then you must read this guide before to know about the types of registration in India required to run a company.

If you want to start a business in India, then it’s very important to understand the organizational structure. It can help you to determine the taxes you need to pay, and the measures you need to take to meet the eligibility criteria. After fulfilling the eligibility criteria, you need to select the right kind of registration process.

It is important to research the organizational structure, and documents required for registration. Understanding the registration process helps in making the company registration process smother. If you wish to start a business in Kolkata, then also you have to undergo the same process. Finding a reputed legal service provider can make the process of company registration kolkata easier.

In this article, we discuss the type of company registration in India and will also discuss the document required for the said process.

Documents Required To Register A Company In India

Please note that every business registration type requires different kinds of documents. We’ve mentioned below all credentials needed for different types of business registration in India.

1. Documents Required For The Registration Of A Private Limited Company

  • PAN card of All directors.
  • Electricity / Water bills of the organization.
  • Passport-size photographs of all directors.
  • Voter Card / Adhar Card of all directors.
  • Rental Agreements.
  • Property Papers.
  • Authorization letters from the landlord.

2. Documents Required For The Registration Of A Partnership Company

  • You will need a form 1 statement
  • Partnership dead includes the name of the company, its operations, business location, date of partnership, names of partners, establishment period of the company
  • Pan Card, Aadhar Card / Voter Id Card of partners
  • Ownership or rent documents of the business location

3. Documents required for the registration of a Limited Liability Partnership

  • Pan Card or Id Proof (voter card / Driving license / Aadhar Card)
  • Phone bills, Mobile bills, Gas bills, and bank statements
  • Passport size photo
  • Address proof of the registered office
  • Foreigners will need a passport

4. Documents Required For The Registration Of One Person Company

  • Pan card / Passport of NRIs
  • ID proof
  • Bank Statements, Phone bills, gas or electricity bills,
  • Photocopy & signature of the specimen
  • For the registration office, you will require bank statements, rental agreements, the NOC of a property owner, copy of the property deed.

5. Documents Required For The Registration Of Sole Proprietorship

  • Utility bills of the organization
  • KYC details
  • The license of Company Establishment
  • Income Tax Data

6. Documents Required For The Registration Of Section 8 Company

  • MOA & AOA
  • Digital Signature Certificate
  • Passport size photo
  • ID proof
  • Directors Data
  • Documents of Address Verification

Various Types Of Business In India

As per the Companies Act of 2013, mentioned below are the different types of organizational structure

Based on the size, there are three categories

  • Micro Companies
  • Small Companies
  • Medium Companies

Based on the number of members, there are three categories

  • One Person Company
  • Private Companies
  • Public Combination

Based on control, there are three categories

  • Holding Companies
  • Subsidiary Companies
  • Associate Companies

Based on control, there are three categories

  • Limited By Shares
  • Unlimited

Based on the capital accesses, there are two categories

  • Listed Companies
  • Unlisted Companies

PVT LTD or LLP? What’s better for your company?

When it comes to setting up a business, there are many options available to entrepreneurs in India. Making the right decision is paramount to ensure that the business is successful. One of the options available is to decide between setting up a private limited company or a limited liability partnership.

If you wish to run a small company with a partner and with limited capital, then an LLP is a good choice for you.

While if you are looking for massive growth and substantial funds, then you should go for a Pvt LTD Company.

Both have their benefits and drawbacks that should be carefully considered before making a decision.

Seven Types Of Company Registration In India

Here is a list of seven different types of company registration in India that must be chosen wisely as per company type and its activities.

1. Private Limited Company

If you wish to start a private entity, then you must opt for the Pvt ltd company registration in India.In these companies, all the shareholders take responsibility for liabilities equally. The net capital of a private limited company is the total shares held by each shareholder. The shares of these companies are not eligible to be publicly traded or transferred.

2. Partnership Organizations

These types of commercial firms have two or more partners who have decided their roles and profit-sharing in the company. The functions, authority, and number of shares are mentioned in the partnership deed. In addition to this, all the partners are equally responsible to bear the loss as well. These types of companies can run their businesses without having a trade license as long as they are registered with a partnership deed.

3. Limited Liability Partnership Registration

LLP Company registration is a new type of company that provides limited liability. These types of companies are also known as the corporate form of a partnership business. The liability of each partner depends on the number of share capital. None of them is accountable for the faults of other partners.

4. One Person Company

This is also a new type of registration introduced by the government in 2013 to make it easier for an individual to start a company. Startup businesses are a good example of these companies. It doesn’t require any partnership and is pretty easy to handle and run. To avail of these types of business registration minimum of INR 1,00,000 capital amount is required.

5. Sole Proprietorship India

These types of companies are handled by single individuals. The owner of the company is completely responsible for profits and losses. Usually, businesses run from home fall under this category. A sole proprietorship business is the simplest form of business to set up and run.

6. Section 8 Company

NGOs or Non-profit organizations come under these types of companies. Section 8 companies work in the field of art, science, literature, education, and human welfare. The profits generated by a section 8 company are used for charitable purposes only. To run such an organization, one of the directors must be an Indian resident and the company must have a registered address in India.

Conclusion –

India is developing at a faster pace with its business landscape evolving every day. The various types of registration for company listed above are regulated under the Companies Act 2013 in India. Choosing the right type of company registration can help you run your business smoothly. You can register business online with the help of India Vakil. We will take care of the entire process based on your company type.

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