Company Registration in India
Companies in India are registered and classified by the Registrar of Companies (ROC) based on their activities and structure. The ROC categorizes companies into different types based on their operations, ownership, and objectives. Here are some common types of companies as per the Registrar of Companies in India:
Private Limited Company (Pvt. Ltd.): This is one of the most common types of companies in India. It has limited liability and is owned by private shareholders. The number of shareholders is limited to 200. Private limited companies are suitable for small and medium-sized businesses.
One Person Company (OPC): An OPC is a type of private limited company that can be formed with just one shareholder. It provides limited liability protection to the single owner.
Limited Liability Partnership (LLP): An LLP combines elements of a company and a partnership. It provides limited liability to its partners while allowing them to actively manage the business.
Partnership Firm: While not a company in the strict sense, a partnership firm is a popular business structure in India. It involves two or more individuals or entities who agree to share profits and losses according to a partnership deed.
Sole Proprietorship: Similar to a partnership firm, a sole proprietorship is not a company but a business structure where a single individual owns and manages the business.
Section 8 Company: These companies are formed for promoting charitable or non-profit objectives, such as education, art, science, sports, research, and social welfare. They are prohibited from distributing dividends to members.
Producer Company: Producer companies are formed by individuals engaged in the production, procurement, or marketing of agricultural products, or other primary produce. The main goal is to improve the income and livelihood of the primary producers.
Government Company: These companies are owned and controlled by the government. They can be either fully owned or partially owned by the government.
Foreign Company: Companies incorporated outside India but conducting business within its territory are considered foreign companies.
Nidhi Company: These are mutual benefit societies, usually formed to cultivate the habit of thrift and savings among its members. They are allowed to take deposits and lend money to their members.
You can register your Company as per your requirement. Each type of Company has its own set of legal requirements, ownership structures, and operational regulations.
Legal Care Solution has legal and financial professionals to guide while choosing the most suitable type of company for your business.
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