There are different types of company registration which includes private limited company, Liaison office, Branch office and others. With years of experience, Greenvissage has made most of the business to achieve their plans dreams in a professional manner.
If you are planning to register your company, then the important factor is to register it under the right business structure. Picking the right business structure is a vital activity like the other business activities. There are different types of company registration and you need to understand those business structures such as Private Limited Company, Liaison Office, Branch Office, and Limited Liability Partnership to allow your entity to operate effectively.
Greenvissage is the market leader for company registration services in India which help you to register your company by choosing the right business structure for you. The average timeline for company registration in Pune and around India will be about 10-20 working days subject to client document submission and government processing time. Here is the list of different business structures in India explained in detail.
If you are looking for a reliable partner for company registration in Pune, then you can trust Greenvissage as we offer quick and reliable company registration, formation and setup services as per your business requirements.
Requirements for company registration you need to know
To register a company in India, you should definitely need the required documents to be submitted to initialize the process. Our expert will help you to understand all the essential requirements that need to be submitted before you start the process of company registration
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 make it attractive for investors and other medium and large scale enterprises.
The directors and shareholders are different as per law but same person can become a director and shareholder both. Directors are responsible undertaking business activities. Equity shareholders are owners.
Pvt Ltd are most preferred by startups as it make easy for them to take investor on-board, also it preferred by customers outside India. 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 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 recent form of legal entity introduced. The major benefit of LLP is that other partner is not responsible for the negligence of other partner. Also the partners are protected from the debts of LLP.
Therefore the partners enjoy the benefits of a partnership 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.
Once you understand each type of business structures, you too need to know about the ideal requirements for registering a new company. The following are the key requirements you need to know well before the company incorporation.
The above are the main components while making up with new company 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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