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NGO, Section 8, Trust, Society, Maintenance, Section 8 Compliance, Trust/ Society Management, Income Tax Filing, Tax Exemption [80G, 12A], FCRA
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Private Limited Companies are suitable for small businesses that require registration as a private entity. In this type of company, a group of shareholders distributes the liability amongst themselves to help protect their personal assets. The total capital of such business types is the total of all the shares held by each member of the company. Also, the personal and business assets of the members are considered separate, allowing for better protection and security. The shares of such a company cannot be publicly traded or transferred. As per the Companies Act, 2013 to be eligible for this type of business registration, the private limited company must meet the following criteria; Minimum of two and maximum of fifteen directors At least one of the directors must be an Indian resident Minimum of two and maximum of 200 shareholders or members Additionally, an authorised capital fee amounting to at least INR 1 Lakh Must have a registered office address within India
A Public Limited Company is one whose shares may be purchased by members of the general public. In such business entities, there is no limit on the number of shares that can be sold or traded. Since the shares of the company are listed on the Stock Exchange, they can be traded freely, making the shareholders part-owners of the company. Such companies need to obtain a Certificate of Registration from the RoC before commencing business operations. Further, as per the Companies Act, 2013 to be eligible for this type of business registration, the public limited company must meet the following criteria; Minimum of three directors At least one of the Directors must be an Indian resident Minimum of seven shareholders with no cap on the maximum limit Moreover, an authorised capital fee amounting to at least INR 5 Lakhs Further, must have a registered office address within India
In such business entities, the handling of the operations is handled by partners, who have agreed to their role and share in profits. Hence, the functions, duties, powers, and number of shares held are all clearly defined in a verbal contract known as the Partnership Deed. Additionally, these businesses fall under the purview of the Indian Partnership Act, 1932. Partnership firms can function with or without a license as long as they have a valid and registered Partnership Deed. However, most partnerships do register themselves as that gives them additional rights. Moreover, to be eligible for this type of firm registration, the partnership must meet the following criteria; Minimum of two and maximum of fewer than ten partners Moreover, must have a registered office address within India Additionally, must have a registered Partnership Deed signed by all partners
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Donec non sem mi. In hac habitasse platea dictumst. Nullam a feugiat augue, et porta metus. Nulla mollis lobortis leet. Maecenas tincidunt, arcu sed ornare purus risus . . .
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Donec non sem mi. In hac habitasse platea dictumst. Nullam a feugiat augue, et porta metus. Nulla mollis lobortis leet. Maecenas tincidunt, arcu sed ornare purus risus . . .
READ MORE