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Incorporation Of Organization
Incorporation Of Organization (Social & Business Organizations)
Under A certificate/license issued by Municipal authorities under the Shop & Establishment Act. A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner.
under Indian Partnership Act of 1932. A partnership firm is where two or more persons come together to form a business and divide the profits in an agreed ratio. The partnership business includes any kind of trade, occupation and profession.
LLPs are governed by Limited Liability Partnership Act(LLP Act), 2008. It is regulated as a contractual agreement between the partners under the Limited Liability Partnership Act, 2008. It has quickly become a popular choice for services and professional firms like Chartered Accountants, recruiting firms, consulting businesses, etc.
MCA (Ministry of Corporate Affairs) and regulated by the Companies Act, 2013 and the Companies Incorporation Rules, 2014 One Person Company feature is such that it has only one shareholder who owns 100% stake of the company
MCA (Ministry of Corporate Affairs) and regulated by the Companies Act, 2013 and the Companies Incorporation Rules, 2014 A Private Limited Company is a business entity held by small group of people. It is registered for pre-defined objects and owned by a group of members called shareholders. Startups and businesses with higher growth aspiration popularly choose Private Company as suitable business structure.
MCA (Ministry of Corporate Affairs) and regulated by the Companies Act, 2013 and the Companies Incorporation Rules, 2014 A company that has limited liability and offers shares to the general public.
Nidhi company by Central Government under Section 406 of Companies Act, 2013 Nidhi Company comes under the group of Non-Banking Financial Company or NBFC which does not demand any Reserve Bank of India or RBI license. Nidhi Company works by way of its members. It can receive deposits and lend out loans to its members only.
farmers’ co-operatives to function as a corporate entity under the Ministry of Corporate Act. A Producer Company is thus a body corporate having an object that is one or all of the following: production, harvesting, procurement, grading, pooling, handling, marketing, selling, the export of primary produce of the Members or import of goods or services for their benefit.
Microfinance Company is a small primary financial institution that provides small loans and other credit facilities to stakeholders. Such financial Institution would provide loans to SMEs and other form of institutions that easily don’t get credit facilities from banks.
A microfinance company registration can happen in the following two ways:-
Non-Profit Organization (NPO), MCA (Ministry of Corporate Affairs) and regulated under Section 08 of the Companies Act, 2013 and the Companies Incorporation Rules, 2014. The main aims of Section 8 companies are of promoting arts, commerce, etc.
Society are a non-profit organization that is incorporated to support the underprivileged section of the society. It works for the advancement of different issues like social, cultural, legal, environmental, art, science, etc under the Societies Registration Act XXI, 1860
Trust are also a non-profit organization that is incorporated to support the underprivileged section of the society. It works for the advancement of different issues like social, cultural, legal, environmental, art, science, etc under the Indian Trusts Act 1882
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