Company registration compulsory- Solubilis Corporate Services

Company registration compulsory

There is no restriction requiring compulsory company based on sales turnover or capital contribution. The company registration compulsory process must be registered under the act 2013. So, a business with any amount of turnover or capital can be managed as :

Partnership
Proprietorship
One Person Company (OPC)
Public Limited Company
Limited Liability Partnership (LLP)
Private Limited Company.

But, the companies act 2013, does not require company registration is compulsory for certain partnership.

Company registration compulsory

Partnership firm or association can having more than 100 persons for any kinds of business must be compulsory to register a company. For every business start up, they can submit a valid document for their new company registration process. To start a business, a public/ private company needs to file the following with the ROC.

(i) A declaration by a director in prescribed form stating that the subscribers to the memorandum have paid the importance of shares are subscribed to be taken by them.

(ii) An verification that the company has filed a confirmation of its registered office with the Registrar of their place.

(iii) A company needs registration from sectoral officials such as RBI, SEBI etc , It is approving from such registers shall be required.

Limited Liability Partnership (LLP)

The regulations requiring compulsory registration of a company does not apply for those businesses operating as Limited Liability Partnership (LLP). One of the major benefits of LLP is that allowed a maximum number of partners. The LLP can have any amount of capital and sales turnover. An LLP includes two long standing forms of business associations they are company and partnership firm.

Hindu Undivided Family (HUF)

An Hindu Undivided Family is one of the business entity in India. Creating a family part and pooling in assets to form a Hindu Undivided Family. To form a HUF, you can save taxes. A Hindu family can come together and make a Hindu Undivided Family. The Hindu Undivided family is not and cannot be a partner in a partnership firm.

Partnerships

To convert a company, the requirements does not arise for association of partnership. If it is formed by professionals, who are governed by special acts. They are Layers, Chartered Accountants, Company Secretaries, Cost Accountant and others.

For any company registration enquiries in Chennai, Please visit Solubilis.