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. Pvt Ltd is enabled with issuing shares which makes it attractive for investors and other medium and large size enterprises. That is why a Pvt. Ltd. Company registration in Pune is the most sort after kind of registration.
The directors and shareholders are different as per law but same person can become a director as well as a shareholder. Directors are responsible for undertaking business activities. Equity shareholders are the owners. Pvt. Ltd. Company registration process is made simple with us and our representatives will help you understand this process well.
Pvt Ltd isalso most preferred by startups as it makes it easy for them to take the investor on-board. Also, it is preferred by customers outside India as well. Banks also prefer Pvt Ltd 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.
Other benefits:
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 categories. The major benefit of LLP is that one partner is not responsible for the negligence of other partners. Also, the partners are protected from the debts of 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 Private Limited,shareholders are not involved in the business.
LLP is the easiest form of legal entity to be incorporated and is preferred by small and medium enterprises including the family owned businesses. Company formation consultants like us at Greenvissage will ensure that all partners of the company understand each other’s legalities related to the company and 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 the 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.
Other benefits:
With Greenvissage, you can make avail of different benefits for your company registration in Pune. Check out the common FAQ’s and other benefits if company registration services with Greenvissage.
With the professional team, you can make up with company registration in Pune in an average of 10-20 working days with Greenvissage subject to client document submission and government processing time.
With Greenvissage, you can get the ideal services for types of company registration such as Private Limited Company, Liaison office, branch office, and Limited liability partnership.
To register a Private limited company, you should require a minimum of 2 people to act as director and shareholder. In addition to that, a registered office address in India is required for the registration process.
Greenvissage helps you in finding the available company names in India according to your key requirements. With respect to the similarity test compared from an already registered company, the government can still approve or reject the available company name.
We identify your standard recurring expenses and forecast and budget for it in your expense projection.
While making relevant provisions for it on an annual / monthly basis, we also help you design and frame policies that seek to improve efficiencies within your business unit.
We set in motion a proactive follow-and-update process on accruing regulatory changes that saves you the ordeal of chasing us.
Our deep insight enables us to visualise issues or challenges and give you sufficient buffer time to act on it.
Along with our accounting services we also closely co-ordinate with several agencies such as bankers, auditors, insurers, lawyers, directors etc.
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