Registration of company

With the implementation of GST, it is advisable to register all the businesses and services in order to take the benefit of GST credit; we offer one stop solution for registration of all type of companies with quick and expert support. Company registration in India is regulated by the Companies Act, 1956 and is administered by the Ministry of Corporate Affairs through the Offices of Registrar of Companies (ROC) in various states located all over India.

Types of companies that can be registered in India are Private Companies, Public Companies, Non-Profit Companies etc.

Steps for Company Formation in India

Company Formation in India involves undertaking various steps with the Registrar of Companies (ROC) of the respective state. The steps for company formation in India is provided in brief below:

• Apply for and Get Director Identification Number for each director.
• Apply for and Get Name Approval of the Proposed Name.
• Pay ROC Fees, Stamp Duty and File MOA & AOA.
• Obtain Certificate of Registration.

LLP

Limited Liability Partnership or LLP in short is a partnership in which the partners have limited liability which is limited to the amount of contribution they have agreed to. So, LLP is a corporate kind of partnership where the roles, responsibilities and liabilities of partners are fixed at the time of setting up. Further, In an LLP one partner is not responsible or liable for another partner’s misconduct or negligence. This is an important difference from that of a partnership where all the partners are jointly and severally liable for the liability of the partnership in Individual capacity.

Features of LLP

We are providing below some of the salient features of LLP which will help in understanding the whole concept of LLP.

• LLP is a hybrid of Partnership and Company.
• LLP is a corporate body and distinct legal entity separate from its partners i.e. LLP is considered a body with assets and liabilities which are not a part of the partners.
• LLP has perpetual succession i.e. a LLP will continue on even if its partners cease to exist.
• The Liability of Partners in a LLP is limited to their agreed contribution.
• The rights and duties of partners in a LLP is governed by an agreement entered at the time of incorporation of LLP.