Hi , We are a leading Ngo & Business consultant in Jharkhand. Through this website, we shall give you detailed information about Ngo Registration and documentation in Jharkhand. 5 things make easy a Company registraion How many types of company registrations in India are available? Private Limited Company OPC Company Limited Liability Partnership Partnership Registration Sole Proprietorship Public Limited Company Sec 8 – Non Profit Company Why Choose Company Registration in India? Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business – Shields from personal liability and protects from other risks and losses. Attracts more customers Procures bank credits and good investment from reliable investors with ease. Offers liability protection to protect your company’s assets Greater capital contribution and greater stability Increases the potential to grow big and expand You will also get Zero Balance Current Account – Powered by DBS Bank * Private Limited Company Registration Benefits A large number of benefits, when you go for Private Limited Company Registration in India, are as follows: Protection Of Personal Assets of The Partners: In the case of a Private Limited Company’s shareholders, they tend to have limited liability. So if you are a shareholder, then you will be considered liable to pay the liability of the company. But only to the limit of your contribution in the company. LegalRaasta’s experts in company registration experts can help you in better understanding the “Private limited company registration process in India”. A Private Limited Company is Separate Legal Entity in the Eyes Of The Law: In other words, the partners/owners of a PLC, are a completely different entity according to the Indian constitution. So indirectly a company will be upheld for efficient management of it’s debtors and creditors, assets and liabilities. You Can Raise Capital Easily: A private limited company, which is registered in India, must meet a certain number of compliance requirements. This form of company structure is largely preferred by entrepreneurs. Because it helps them to raise the necessary funds via equity. It also allows them to expand and limits their personal liability. It Comes With The Benefit Of Continuous Existence: It has the most important benefit, which is known as “Perpetual Succession”. It means that it’s existence will be continuous until it is legally dissolved. Due to it being a separate legal entity, it remains unaffected by the departure or death of any member. Even though there may be a change in existence, it will continue it’s existence. You will receive a “Private limited company registration certificate”, upon completion of the process. Note: While going for Private Limited Company Registration online, you need to make sure that your preferred company name falls under the umbrella of “Private limited company registration name availability” criteria. Comparative List of Different Types of Business Structures in India Here is a comparative list of the popular business structures in India. Company type Ideal for Tax advantages Legal compliances Limited Liability Partnership Service-oriented businesses or businesses that have low investment needs Benefit on depreciation Business tax returns to be filed ROC returns to be filed One Person Company Sole owners looking to limit their liability Tax holiday for first 3 years under Startup India Higher benefits on depreciation No tax on dividend distribution Business returns to be filed Limited ROC compliance Private Limited Company Businesses that have a high turnover Tax holiday for first 3 years under Startup India Higher benefits on depreciation Business tax returns to be filed ROC returns to be filed An audit is mandatory Public Limited Company Businesses with  a high turnover Tax exemptions under Business tax returns to be filed. Mandatory Audits Checklist for Registering a Company in India As defined under the Companies Act 2013, we have to ensure the requirements of checklist Two Directors: A private limited company must have at least two directors and at most, there can be 15 directors. Among all the directors in the business, at least one must be a resident of India. Unique Name The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India. Minimum Capital Contribution: There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh. Registered Office: The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord. How to Register Company Online – A detailed registration process Company Registration in India will boost the progress of startups and provide an additional edge over those who have not registered. The Ministry of Corporate Affairs governs the company registration process with rules and regulations framed following the law. Step 1: Application for DSC (Digital Signature Certificate). Step 2: Apply for the DIN (Director Identification Number) Step 3: Application for the name availability. Step 4: Filing of the EMoa and eAoA to register a private limited company Step 5: Apply for the PAN and TAN of the company Step 6: Issued certificate of incorporation by RoC with PAN and TAN Step 7: Opening a current bank account on the company name Search a company before Company Registration One of the primary steps in Company Registration is to ensure that the company name has not already been taken by another legal entity. We can run a company name search to check the availability of the particular name in India against the MCA and trademark database. We recommend the businesses to come up with three to four alternative names during the approval stage of Private Limited Company Registration. The Ministry of Corporate Affairs will be the final authority to approve the name based on the availability rules and regulations. If you are disappointed that a preferred name is taken, do remember that the name of your company doesn’t have to be your brand name. However, if you’re going to trademark your brand name, also check if it has already been trademarked