SmartBizGuru LLP

Private Limited Company Registration A Private Limited Company has several Features which an entrepreneur can enjoy by Registering it under the Companies Act 2013 .It is Most prevalent and popular type of Legal corporate entity. it is govern by the Ministry of Corporate Affairs. Ministry of Corporate Affairs Launched one Form Spice+(Company Registration Form) with motive of Ease of doing business. This Form offering a bouquet of services viz. (i) Incorporation (ii) DIN allotment (iii) Mandatory issue of PAN (iv) Mandatory issue of TAN (v) Mandatory issue of EPFO registration (vi) Mandatory issue of ESIC registration (vii) Mandatory issue of Profession Tax registration(Maharashtra) (viii) Mandatory Opening of Bank Account for the Company and (ix) Allotment of GSTIN (if so applied for) Feel Free to ask any query Regarding Company Registration with SmartBizGuru

LLP is a separate legal entity and the liability of partners is limited and registration of LLP under LLP Act, 2008 is compulsory.

Every LLP shall have at least two partners, also every LLP shall have a registered office to which all communications and notices may be easily addressed and received.

After registration, the LLP by its name be capable of:

Suing and being sued
Acquiring, owning, holding and developing or disposing of property, whether movable or immovable, tangible or intangible.
Having a common seal, it decides to have one
Doing and suffering such other acts and things as anybody corporate may do and suffer
It is to be kept in mind that every LLP shall have words either “limited liability partnership” or the acronym “LLP” as the last word of its name.

Also, LLP cannot use the name which is in the opinion of the central government undesirable and resembles an already registered LLP.

Registration of LLP is easy as compared to companies. Registered under the company Act

Incorporating a Nidhi Company allows such a company to borrow and lend money to its member only. It encourages people to save more. Only members of the Nidhi Company are allowed to contribute to the funds of the Nidhi Company.

Nidhi Company can be formed easily as there is no requirement for obtaining a license from the Reserve Bank of India (RBI). Such companies are registered as public companies and should contain the words Nidhi Limited at the last of the name.

The word, “Nidhi” comes from the word, “Treasure”. Nidhi Companies are very popular in South India. Mutual benefit is the main feature of Nidhi as the main source of funds of Nidhi is from its member only.
Nidhi Companies are registered under the Companies Act. Nidhi Company’s main objective is to promote the habit of thrift, savings among the members.

Nidhi Company has to comply with the directions of the Reserve Bank of India (RBI) as it comes under the class of Non-Banking Financial Companies.

Agriculture is the pillar of our economy. The farmers and the producers have to struggle very much in order to earn profits. Keeping this profit in mind, the government of India has come up with the concept of producer companies.

In the year 2002, the government constructed a committee to look into this matter. The committee is still working for the welfare of farmers and producers.

The producer companies registered under the companies act 2013 enjoys various tax exemptions under the income tax act, 1961 since the agriculture income is fully exempted in India. Though the production of green tea is not fully exempted it is also 60% exempted as per the provisions.

To form a producer company there is a requirement of 5 directors and 10 members.

Therefore the registration of a producer company is very beneficial for the farmers as they can avail themselves of some better credit facilities, thus resulting in more profits for their agriculture production.

A partnership registration firm is not mandatory. According to the Partnership Act 1932, if a partner wants to register the firm he/she is having an option to register the firm & avail benefits related to the registered firm. The firm should be registered under the registrar of the firm in the state where the office of the firm is situated.

If your partnership firm is registered then the partner of the firm has the right to file a case in court. It’s all up to the partner whether they want to register the firm or not. A partner can register his/her firm during the formation of the partnership while continuing.

There is a great rate of partnership deed in between the partners. In partnership, there are basic terms & condition which is agreed between the partners. It is basically a formal agreement between the parties. In a registered partnership firm the registration of a partnership deed is mandatory.

A public company can gain greater access to the market as compared to a private company by selling more and more shares. Since the shares of a public company are freely transferable.

A public limited has tons of benefits and the owners can get many perks such as:

Shareholder liability is limited: In a public limited company the liability of shareholders/members are limited to the extent of shares hold by them in the company. Meaning, if the company suffers any contingencies, then shareholders are not personally liable to pay for such contingences as their liability is limited.
Transparent affairs: Greater transparency is present in case of public companies as public is involved. So the financials of such company are prepared to disclose the true affairs of the company. The company publishes its statutory details and other details as may be prescribed.
The benefit of transferability: Shares of a public limited company are freely transferable. Since the shares of the company are listed.

The NBFC company is a company registered under the Companies Act, 2013.
Its principal business is providing loans and advances.
NBFC provides better services and faster processing, unlike banking companies.
The Non-banking financial company (NBFC) cannot accept demand deposits.
non-banking financial company (NBFC) is indulged in providing various financial as well as non-financial services to individuals, entrepreneurs, etc.

The NBFC has to function as per the norms of the Reserve Bank of India (RBI). To register an NBFC, the company has to follow certain conditions. The company shall apply to RBI in the prescribed manner for registration purposes.

NBFC is now becoming better alternatives to the banking and financial sectors by providing various financial solutions to the unfamous segments of society.

Get Secure your brand by registering your Trademark with team of Expert.

Registration for shop and establishment allows you to take advantage of many benefits given to the owner and/or to the registered shop.

The state governor (SG) issues the shop and establishment registration certificate license to every shop owner under the shop and establishment act. For availing the perks it is mandatory that every shop and establishment registers for the same.

It is important that any shop/commercial establishment that commences operation must apply to the chief inspector for the license within a prescribed time. The process contains a form for application and the following are the fields mentioned in the form:


Name of the employer
Name of the employee
Name of the shop/establishment
Category of the shop/establishment
Address of the shop/establishment
Post the application form filling and successful registration, the shop owner gets legal entity proof. This legal proof gives shop owners the right to do a business. It is basically proof of the existence of business.

A wholly owned subsidiary company is a company whose 100% stock is owned by a parent/holding company. The difference between a subsidiary and a wholly owned subsidiary is that if a parent company owns 50-99% of stock then the company is a subsidiary company, but if the parent company holds an entire stock it is called a wholly owned subsidiary company

These types of companies can be incorporated as private limited companies in India. Such companies can avail certain exemptions in the income tax act.

Foreign companies run their operations in India by forming a wholly owned subsidiary. Since 100% FDI is permitted under the FDI policy, a wholly owned subsidiary company shall have some foundation and rules that apply to other Indian companies.
A wholly owned subsidiary company is a beneficial entity for those who want to set up their permanent establishment in India.