Thursday 26 March 2015

Are you authorized to register your company in India?

If you are a multi national company or a company based in some other country who wants to establish business in India, then you should be aware of the governing laws, rules and regulations of the country. It is important to ascertain that your company is authorised to register in India and in order to do so, you should know about the type of companies that can register themselves in the country. The different kinds of companies that are authorised to be registered in India have been discussed below.  OPC: An OPC is a one person company and as the name suggests, it is run only by one member. The process of starting the same is more of a hybrid structure that is based on an infusion of sole proprietorship and company forms of business. Private Limited: This is a separate legal entity with a minimum required capital of Rs. 1 lakh.  Public Limited: The minimum requirement for registering a Public Limited company is to have a capital of Rs. 5,00,000 and at least three directors.Company Limited by Guarantee: This one is run without any shareholders.Non-profit Organizations:  This category includes trusts, societies and section 8 companies as per the rules and set guidelines.

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