WHAT ARE THE TYPES OF COMPANY REGISTRATION ?
Greenvissage reviews business plan, short
and long term goals while recommending the
most appropriate legal entity for your company.
Company Registration Services in India fall under certain categories, they are as follows:
We at Greenvissage have the expertise and the resources to provide you with all kind of company registration services falling under these 4 main categories. However, our services are not limited to these mentioned above. We have multiple years of experience in this field and make sure that you as a business get your company registered through the best company registration consultants in Pune.
Picking the Right Business Structure is vital
We as an experienced company formation consultants’ firm, would like to help you with registration of your business under the right business structure. We guide you and work with you to understand the nature of your business and then would advise you on the right structure your business falls under and what should be the structure under which you should operate your company. It could be a Pvt. Limited company registration ora LLP registration, that depends on what kind of business you run.
Greenvissage will help you in every step of incorporation ofthe company in India as per your requirements. We require certain documents and details from you and will help and guide you throughout the process.
Here are the 4 types of Company Registration Categories explained in detail.
Private Limited Company is the most popular form of legal entity which is used for undertaking business activity. A private limited company is enabled through issuing shares and having a separate board for managing the company. Since the management and ownership being separate in a company, this entity option makes it attractive for investors and other medium and large size enterprises. Hence a private limited company registration in Pune is the most popular option for entity registration.
The directors and shareholders are separate as per law but the same person can be a director as well as a shareholder. Directors are responsible for undertaking business activities and managing the company affairs. Equity shareholders are the owners of the private limited company. Company registration process is made simple with us and our representatives will help you understand this process well.
A private limited company is also most preferred by the startups as it makes it easy for them to onboard the investors. Also, it is preferred by customers within India as well as outside India. Banks also prefer a private limited company for extending loans. Get a free consultation for private limited company registration services and business setup by scheduling an appointment with a Greenvissage senior advisor.
A Liaison Office (LO) functions as a representative office set up primarily to explore and understand the business and investment climate. A Liaison Office (also known as Representative Office) can undertake only liaison activities. The role of such offices is, Therefore, Limited to collecting information about possible market opportunities, Source of supply, Providing information about the parent company and its products to the prospective Indian customers or vise versa to its vendor.
A Liaison Office can undertake the following activities in India :
Automatic Route — Where principal business of the foreign entity falls under sectors where 100 per cent Foreign Direct Investment (FDI) is permissible under the automatic route.
Approval Route — Where principal business of the foreign entity falls under the sectors where 100 per cent FDI is not permissible under the automatic route. Applications from entities falling under this category and those from Non – Government Organisations / Non – Profit Organisations / Government Bodies / Departments are considered by the Reserve Bank in consultation with the Ministry of Finance, Government of India.
Procedure for setting up liaison office
Any foreign company intending to establish a Liaison Office in India is required to obtain prior approval from the Reserve Bank of India (RBI). All the application for setting up of the Liaison office is routed through Authorised Dealer Bank to RBI. Approval is usually granted for 3 years and can be renewed on expiry thereof.
Every Liaison office registered with RBI shall get itself registered with the Ministry of Corporate Affairs as corporate entity. Its registration as Liaison office is in itself establishment of foreign company in India. Accordingly, The Registrar will allot a FCIN Corporate Identity Number to such company. Entities from Nepal are allowed to establish only Liaison Offices in India. Even the NGO are allowed to open LO in India.
Restrictions on Activities of the Liaison Office
A Liaison Office is not permitted to undertake any commercial/trading/Industrial activity, Directly or indirectly and therefore cannot earn any income in India.
The liaison office can neither borrow, Nor lend money.
It cannot acquire, Hold, (otherwise than by way of lease for a period not exceeding five years) transfer or dispose of any immovable property in India, without prior approval of RBI.
A Branch Office (LO) is more suitable for companies setup outside India engaged in manufacturing or trading activities are allowed to set up Branch Offices in India. After obtaining specific approval of the Reserve Bank. Such Branch Offices are permitted to represent the parent / group companies and undertake the following activities in India.
Procedure for setting up liaison office
Any foreign company intending to establish a Branch Office in India is required to obtain prior approval from the Reserve Bank of India (RBI). All the application for setting up of the Liaison office is routed through Authorised Dealer Bank to RBI.
Every Branch office registered with RBI shall get itself registered with the Ministry of Corporate Affairs as corporate entity. Its registration as Liaison office is in itself establishment of foreign company in India. Accordingly, The Registrar will allot a FCIN Corporate Identity Number to such company.
A Branch Office can undertake the following activities in India :
The Limited Liability Partnership (LLP) is a recent form of legal entity introduced in the entity registrations category. The major benefit of a LLP is that one partner is not responsible for the negligence of other partners. Also, the partners are protected from the debts of a LLP. At Greenvissage we ensure you understand all the rules with respect to LLP registration.
Therefore, the partners enjoy the benefits of a partnership and also the partners can directly be involved in the business of the firm, whereas in a private limited company, shareholders are not involved in the business.
LLP is one of the easiest forms of a legal entity to be incorporated and is preferred by small and medium enterprises including family owned businesses. Business set up consultants at Greenvissage will ensure that all partners of the firm understand each other’s legal responsibilities towards the firm and as well as themselves.
Once you understand each type of business structures, you too need to know about the ideal requirements for registering a new entity. The following are the key requirements you need to know well before an entity incorporation.
The above are main components while initiating a new entity registration in Pune and around India. Get our expert consultation to know in detail about the requirements for your business setup.
With Greenvissage, you can avail different benefits for company registration in Pune as well as other parts of India. Check out the common FAQ’s and other benefits of entity registration services with Greenvissage.
Timeline for your business registration with Greenvissage.
With our professional team, you can complete a company registration in Pune within 10-20 working days through Greenvissage subject to timely submission of documents from your end and time taken by the government to process the same.
What type of company registration services we offer?
With Greenvissage, you can get entity registration services for entity types such as Private Limited Company, Liaison office, Branch office, and Limited liability partnership.
What are the requirements to start a Private Limited Company?
To register a Private limited company, there is a requirement of minimum of 2 people to act as directors and shareholders. One of the directors has to be a resident of India as defined under FEMA regulations. Further a registered office address in India is required for the registration process.
How can we help in checking the availability of a name for your company?
Greenvissage helps you in finding the available company names in India according to your key requirements. With respect to the names similar in comparison with an already registered company, the government can still approve or reject the company name applied for.