Skip to main content

Why Company Registration in India

 

Why Company Registration in India 

The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process.
The first step in launching a new business is to register a company. The procedure by which a company is written in the jurisdiction in which it operates is known as company registration. The nature of your firms, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant.
If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is vital in the business world.

Advantages of company registration

  • COMPANY RECOGNITION: Your company will be recognized in the market with your brand's uniqueness and you will get a better image and credibility in the market.
  • EASY TO RAISE FUNDS: If you register your company it’ll be easy to raise funds and loans to run your business.
  • ASSETS SECURITY: registration helps to secure your assets.
  • BRAND RECOGNITION: Registering your business helps in increasing brand recognition.
  • BUILD REPUTATION: Helps in building a good reputation with your customers.
  • EASY TO ATTRACT EMPLOYEES: the employees will be happy to work in the reputed organization.
  • EASY TO SELL: if your company is reputed many other peoples will be ready to buy your company.

The different types of companies registering in India

  • Private Limited Company
  • Public limited company
  • Proprietorship registration
  • Limited Liability partnership
  • One Person Company
  • Section 8 Company
  • Micro Finance Company
  • Producer Company
  • NBFC
  • Foreign Company
  • Nidhi Company

Comments

Post a Comment

Popular posts from this blog

Private Limited Company Registration by ACSPL

Image
  Private Limited Company Registration  by ACSPL What Do You Get After Incorporation Are you planning to register a company? Read about a few ways through which you can  Save Taxes in a Private Limited Company. Private Limited Company Registration At Affordable Rates Aavana Corporate Solutions will also help in online private company registration. We specialize in company registration with a wide range of business entities like Private limited,  One-Person Company (OPC) ,  Limited Liability Partnership (LLP) , and  Public Limited Company.  What’s impressive is that we offer all these services are provided at cheaper rates without compromising on the quality. Contact Us Trust our dedicated professionals to get your  Pvt ltd registration  done on time.  Get in touch  with us today and get a  FREE  consultation! Count on us to handle all your  Accounting  and  Taxation  services as well
Read more

Compliance under Provident Fund

Image
  EPF is generally a scheme that is introduced to provide wider benefits for the employees on the completion of their employment. Every company that employs 20 or more employees falls under the EPF scheme. Here is the compliance checklist under EPF Act Eligibility Any person employed for work at an establishment or by a contractor in or in connection with an establishment and drawing a salary of Rs 15,000 per month is eligible under the EPF Act. The salary is calculated as basic salary and dearness allowance. Rate of contribution Employer – 12% Employee – 12% 1.6% to the central government Pension Fund All employees who fall under the Provident Fund become a member of the Pension Scheme. If a person earns Rs 15000 per month, 8.33% of the basic salary is contributed towards the pension scheme from the employers share of contribution. A minimum contribution of ten years is required to receive monthly pension. Compliance Checklist Employers PF dues – 15th of the following month Employ...
Read more

AFTER INCORPORATION OF A COMPANY WHAT ARE THE STEPS TAKEN

Image
 AFTER INCORPORATION OF A COMPANY WHAT ARE THE STEPS TAKEN After the incorporation of the company, there are a few compliance’s that need to be done before 30 days from the date of incorporation. However, other requirements need to be done on whether or not in 30 days. These compliances are regulated by the Registrar of Companies. Any violations of such compliances will cause further problems and attract penalties. A few steps that need to be initiated after the incorporation of a company are mentioned below Company name board After the incorporation of a company, it is important to have a name board for the company and needs to contain the following details Name, registered office address, CIN number, GSTIN Number, etc. Letterhead of a company Letterheads help in better communication between two parties. For businesses of all sizes, be it individual business, a small company, or a large corporation, a letterhead must be used by all. Print the below-specified details on all busines...
Read more