In this blog, we are going to cover the topic of Company Registration in Kerala
What is it?
Company Registration is the primary procedure done by business owners or incorporate their companies. There are many types of companies in India. entrepreneurs have to choose a type that suits their business operations.
Why is a Company Registered? Is it important?
A company must be registered to get protected from liabilities that we face during a business.
Benefits of Company Registration
Limited liability protection:
Whatever business you own, every business has its ls to incur. The main benefit of registered companies is it offers limited liability protection. This gives a big relief to shareholders. They will not be liable for the liabilities of the business or have no way to lose the personal property.
A company can smoothly operate its business after registration. But a company without registration can’t operate its business. Examples of registered companies are Google India Pvt. ltd, Toyota, Walmart
Let’s see some types of Company Registration done in Fobup
According to the Companies Act, 2013, India provides 7 types of companies, we are recently doing registration for 5 types of companies they are:
- Private Limited Company
- Public Limited Company
- Partnerships
- Limited Liability Partnership
- One Person Company
let us see in detail Each:
Private Limited Company
Private limited companies register as private entities. This type of company is formed by a group of shareholders who distribute liability among themselves to save their assets or property. The share of this type of company cannot be traded publicly or transferred. here the personal assets and business assets are considered separately to protect the personal property. The total business capital is the total of all shares held by each shareholder.
Anyone who can register in this type of company must be met the following criteria.
According to the companies, act the business must have:
- Minimum 2 and maximum of 15 directors to start with.
- One among the directors should be an Indian citizen.
- minimum 2 members and maximum 200 shareholders.
- The capital invested should at least be around 1 lakh or more.
- Registered office address in India.
Join your hands with fobup company registration Kerala, we will get your private limited company registered easily and provide you with the proper guide in each procedure done to complete registration.
In private companies there are different types they are as follows:
- Limited by shares: In this type of private company, the liability of each member is limited to the shares they normally own.
- Limited by guarantee: In this type of case, the liability of each shareholder is limited by the amount that a shareholder said will contribute to the company. Here the shareholder fixes a guarantee to pay some amount if the company goes bankrupt. The guaranteed amount only will be liable, all other property will be safe during bankruptcy.
Public Limited Company
The second type of company is a public limited company. This type of company has no limit. Here the shares of the general public are purchased by members. There is no limit to the number of shares to be sold air traded among the public. Their shares are listed on the stock exchange hence they are free to trade and make any shareholders part-owner of the company. These companies need a certificate of registration from RoC before going with the business operations.
According to the companies Act 2013, a public company must have met some criteria to register its business legally
- Should have Minimum 3 directors
- One among the directors should be an Indian citizen.
- minimum 7 shareholders, maximum no limit.
- The authorized capital fee must include at least 5 lakh.
- Registered office address in India
Partnership Firm
The company registration in partnership is done by the partners who are handling all their business operations and who have agreed on the role and shares of profit. A partnership deed is signed among partners where their functions, duties, powers, and no of shares are all mentioned in a verbal contract this business comes under the Indian Partnership Act of 1932
Partnership businesses can function without a license till they have their partnership deed.
They are registration creates additional benefits and rights.
The eligibility to register a partnership company are:
- Min 2 partners and max less than 10.
- Registered office address in India
- A partnership deed is already registered by all the partners.
Limited Liability Partnership(LLP)
Limited liability partnership is shortly known as LLP. let me explain in short. Other details about LLP will be mentioned in more detail in other blogs. in short it is a newly formed company in India. It has a separate legal status it allows to differentiate the personal assets and business assets separately. This separation brings great relief to business owners. They need not put their personal property at risk in the name of the business. they allow limited liability protections for entrepreneurs. The liability of each partner depends upon the number of share capital.
Some criteria to set up an LLP are as follows:
- minimum capital amounting to 1 lakh
- one of the partners should be an Indian resident.
- Min 2 partners and the maximum has no limit. One individual partner if others are corporate bodies.
- Each partner must have an agreed contribution thus no requirement for shared capital
One Person Company
This is the very latest introduction to company registration in India. This is very useful for small business entrepreneurs who wanted to start their business on their own.
One person company has a separate legal status. The business owners get protection from liability of their business without any partners.
Company registration Kerala help many single entrepreneurs to make their business to a newer instant with liability protection. This introduction is a great help to business owners. Now no fear of personal asset loss in the name of the business.
It needs only one individual or person to easily incorporate and regulate their business legally. It is a combination of sole proprietorship and a private limited company model.
If are willing to register your own business into one personal company (OPC) the following criteria must be met:
- Minimum capital amounted to be at least 1 lakh.
- The person registering should be an Indian resident with citizenship.
- During the incorporation, a nominee should be appointed.
- A financial business cannot incorporate as a one-person Company like other businesses.
Why Select fobup Company Registration Kerala for your Business?
“Start your business within a few days”
Firstly you need to meet us then tell detailed information about your business and submit the required documents and we will help you register your company with the proper procedure including you throughout the complete procedure within the incorporate time taken to be approved, then you can start your business as a registered private limited company. For more details contact Fobup solution or inquire.
- Customer involve
We make your interaction with the government as smooth and sweet as possible while doing all the paper works needed to register your company. We will also try our best to give you clear-cut clarification to set up realistic expectations.
- Strong team
We have a strong team of experienced business advisors. Any queries related to the procedure will be explained clearly. We will make sure that all your doubts are cleared during the process.
Know more about our fobup solutions
I hope this blog was very informative related to company registrations and procedures and the documents and criteria to be met during the company Registration if you have any related queries on any type of company registration in Kerala just feel free to contact us or visit us we will try to give you the best answer you need..