This video includes Introduction to types of Companies as per Companies Act 2013. This video will answer most of your queries and question related to the type of structure one should go with, per business requirements.

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Business registration in any state of india

We ensure that you choose the right type of business structure available in India. Various business structure available are Limited Liability Company (LLC), Proprietorship Firm, One Person Company, Partnership Firm, Private Limited Company, Public Limited Company, Indian Subsidiary Company, and Producer Company. Due to modern and flexible corporate laws and business-friendly government rules and regulations, each type of company has its own benefits and liabilities. Selecting wrong structure might impact your decision making, business growth and strategic planning etc.

Business Structures available in India

Financial Business

  • NBFC Company
  • Non-banking financial companies (NBFCs) are the companies registered under the Companies Act, engaged in the business(es) of providing credit facilities like loans, accepting deposits, leasing, hire purchase, retirement planning, facilitating securities trade and money market trade.

  • Nidhi Company
  • Nidhi company or mutual benefit society sole objective is to cultivate the habit of thrift and savings amongst its members. Nidhi companies are allowed to borrow deposit from its members and lend to its members only. Therefore, the funds contributed for a Nidhi company are only from its members (shareholders) and used only by the shareholders of the Nidhi Company.

  • Assets Reconstruction Company
  • It is a company registered under the company act 2013 for the purpose of securitization & it also requires a registration from RBI as per SARFAESI act under section 3. Asset Reconstruction Company is in the business of buying the bad loan from the bank. Asset reconstruction company is a specialized financial institution that buys the bad loan, NPAs from banks & financial institution so that to clean up their balance sheet.

Non Financial Business

  • Proprietorship Firm
  • Proprietorship is the easiest business entity under which an individual can run a business. Sole proprietorship is referred to an individual who owns the business and is generally responsible for its debts.

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  • One Person Company
  • If you want to have full control over your business with limited liabilities, then OPC is the best choice to start with. But ensure that you convert your business structure (within six months) to the after crossing an average.

  • Partnership Firm
  • When two or more people agree to do business together and both might be from same family or same association. Once partners are engaged in a business, each partner is personally liable for the actions of that business.

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  • Limited Liability Partnership
  • If you don’t want to take responsibility or liability for another partner's misconduct, incompetence or negligence and also want to limit your liabilities for the debt and losses. If you want to enjoy tax benefits, then LLP might be the best option to.

  • Indian Subsidiary Company
  • Foreign business can begin a business in India in various ways like a delivery center, branch office. Indian Subsidiary shall be subject to the similar set of policy which applies to any other Indian company. Almost every sector is open for Foreign.

  • Public Limited Company
  • A public limited business structure is great for long run but has more regulatory requirements. Apart from all the advantages of private limited company, It has the ability to have any number of members, ease in transfer of shareholding and.

Popular
  • Private Limited Company
  • It’s the most renowned legal structure for business. The financial liability of the shareholders is limited to the their shares in case of any defaults, bankruptcy and/or any suits or recovery by banks/creditors. This simply means that personal assets of the sahreholders.

  • Producer Company
  • A company or a body corporate having any object like production, harvesting, procurement, grading, pooling, handling, marketing, selling, export of primary produce of the Members or import of goods or services for their benefit is called as Producer Company.

Still confused Connect us at 8448 444 985- we will help you to choose the best business structure- per your business requirements- that to absolutely free of cost.

Your business compliance is our responsibility

Make your business compliant today! Each company in India has to follow a set of compliances as set by different other regulatory bodies. The ‘Company Annual Compliance’ regimes need companies to gather their business information and update the regulatory bodies such as Ministry of Corporate Affair (MCA), Income Tax Department other regulatory bodies. Non-compliance may lead to heavy penalties between INR 50,000/- to INR 5,00,000/- For more information contact our customer care on 8448-444-985 or info@corpseed.com.

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