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Showing posts with the label Company registration in india

Documents Required for Sole Proprietorship Registration

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  Registration of the firm is the overriding and most important step for any business organization. Company registration is very essential for protecting your business and securing its rights. It shields the business from personal liability and protects from other risks and losses and at the same time provides more customer attraction, more capital contribution, greater stability and increases the company's potential to expand. Before registering your company, you should have clarity on the kind of business you are into, your goals and objectives since each of these types come with their own legal implications. There are various forms of businesses available that one can register with. Among all, sole proprietorship registration is the most simple one with minimal compliance procedures. Any individual who wants to start a business from home or on a premise with a minimum amount can opt for the Sole proprietorship business type. It can be started within the time span of 10-15 days....

How to Change Company’s Registered Office

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A registered office of a company is a location where all the Legal and government communication related to business is held. It acts as the official address of the company recorded with the Registrar of Companies (RoC), India, where all communications are sent. While going for company registration , it is mandatory to declare the registered office of the company and to submit the relevant documents as proof. However, the Companies Act, 2013 also provides the option for the company to declare a temporary address in case the company has not decided on the registered office while filing for offline or online company registration . The company may also have a corporate office, sub-branch, factory site, or administrative office in addition to a registered office. However, the registered office of a company in India must be registered with the Ministry of Corporate Affairs (MCA), the other branches and offices can be opened by a company itself without any prior communication with the RoC. Ty...

Conversion of Sole Proprietorship to OPC and its Governing Rules

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One Person Company and Sole Proprietorship are two different business structures & also are different in terms of their working but sometimes people get confused between them due to their similar sounding words. Sole Proprietorship registration is a popular type of enrollment of unregistered business institution owned, managed, and operated by a single person.  Sole proprietorship is the “One Man Business Entity”. All the investments for the business with sole proprietorship registration is done by the single proprietor who bears all the losses and enjoys all the profits. The overall control of the business as well as its management is in his hands. He can appoint individuals for conducting the business, but the ownership will rest solely with him. Whereas one the other hand, One person company registration is an improved and better form of a sole proprietorship registration . One person companies are a great business organization structure for medium-sized businesses. The ...

How to do Company Registration in India?

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  According to Section 3 of the Companies Act, a company is a legal entity registered and formed under the 1956 Companies Act.  New Company Registration  is a primary step for any business organization. To protect your business and secure your rights, new company registration is essential. There are various forms/constitutions of businesses available that one can register with. The choice of the constitution would depend upon the specific need of the applicant. New company registration of business allows you to meet various government norms and also helps in getting finances from the bank, provides a unique identity to the business, and allows other benefits from various government schemes. This is also the first step if you wish to start a business online. You should be clear about the type of your startup before choosing an appropriate constitution. It is also necessary to be aware of the technicalities, benefits, pros & cons of each type before registering to incor...