Private Company

A private limited company is a voluntary & independent involvement of not less than two and not more than fifty members, whose liability is limited, the transfer of shares is limited to its members and is not allowed to invite the general public to subscribe to its debentures or share

A Private Limited Company is the most popular form of business entity, which is used for by many businessmen in India. As per the new of Companies Incorporation rules.

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Public Company Section as per Law (Companies Act, 2013)

As per Section 2(71), a public company means a company which is not a private company; has a minimum paid-up share capital of five lakh rupees or such higher paid-up capital, as may be prescribed.

A public company may be said to be an association consisting of at least 7 members, which is registered under the Act. The securities of a public company may be quoted on a recognised Stock Exchange. There is no limit on number of members.der

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One Person Company

One Person Company as per Companies Act, 2013

Section 2(62) of the Companies Act, 2013 defines OPC as a company which has only one person as a member.

For individuals who want to take advantages of company and also not want to share their profit and power of controlling business may opt for OPC.

Formation of OPC

Only a Natural Person (Individual) who is an citizen of India and resident*...

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LIMITED LIABILITY PARTENRSHIP FIRM

Limited Liability Partnership (LLP) is governed by Limited Liability Partnership Act, 2008.

Nowadays it has become very popular form of business as there are many benefits while comparing with regard to company. Therefore, many entrepreneurs are opting this.

What do you mean by Limited Liability?

Limited liability means where personal assets of the partners are not used for paying off the debts (Loans) of the LLP.

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Section-8 Company

Section-8 Company gets its name from the section 8 of companies act, 2013.

Section-8 (Non-profits) are established to serve society (clubs, churches, associations, chambers of commerce, etc.), or are incorporated for social causes (humanitarian aid, disease research, education funding, etc.

A Section 8 Company is like a Trust or Society but a section 8 Company is registered under the Central Government's Ministry of Corporate Affairs whereas Trusts...

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Partnership Firm

Partnership firms in India are a very popular form of business in India. When two or more persons join hands with a common goal, i.e. to earn a profited to share it in their agreed profit sharing ratio. A Partnership is a type of business in which two or more partners come in an agreement to carry out a business and to share profit and losses in a predetermined ratio. Partnership firm is governed by The Partnership Act, 1932.

Unlike company, it is not a separate legal entity it is mere collective name given to the individuals who are in partnership agreement...

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Proprietor Firm

A sole proprietorship is a unregistered business entity in which the management, ownership and controlling is done by a single person called “Proprietor”. Sole proprietorship's are one of the most common forms of business in India and commonly used by very small and micro businesses working in the unorganised sectors.

Example: A Small Shop Keeper, A Single Doctor clinic, Mobile Repair shop, a tutor etc.

Proprietorships are very easy to start and have very almost zero regulatory compliance requirements for starting and operating...

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Micro Finance Company

Microfinance Institution

Microfinance means an organization which gives loans and financial assistance to very small business persons. An MFI can operate as a non-profit organization such as a non-government organization (NGO), credit cooperative, non-bank financial institution (NBFI), or even a formal, regulated for profit bank.

Registration of MFI

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Trust

A trust is a fiduciary relationship, where one First Party gives Second Party the right to hold title to property for the benefit of a Third Party.

  1. First Party will be “Trustor”
  2. Second Party will be “Trustee”
  3. Third Party will be “Beneficiary”

Trusts are created by settlers who decide how to transfer parts or all of their assets to trustees. These trustees hold on to the assets for the beneficiaries of the trust...

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Types of Business Registrations in India

Are you running a business or want to start a new business?

Wondering to get a registered entity?

Confused about different types of entities available to register?

Want to grow the existing entity type?

Well here is the thing you want -

There are many types of business entity from which you can choose, for example Company, Partnership Firm, LLP, OPC etc.

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