Proprietorship Business:
A Sole Proprietorship Firm Registration is a business that is owned, directed & run by a single person. This is a certificate in India that is utilized by small scale business operators. It refers to an individual who owns the business and is solely responsible for its debts. Proprietorship is recognized by other registration like sales tax registrations and the owner has to pay taxes on the income from the business as personal income tax payments.
We provide access to reliable professionals and coordinate with them to fulfil all your legal requirements. You can also track the progress on our online platform, at all times.
Partnership Firm:
Partnership firm is one of the most popular forms of entity incorporation where two or more people form a business together and share the profits and losses. The registration of partnership is not mandatory but it is highly risky and not recommended by the department and professional experts. This kind of business registration is most suitable for small and medium size businesses as it is easy and economical to manage.
Partnership firm is a business entity registered under the Partnership Act, 1932 where two or more people join together as partners for running & managing a business while sharing the profits and losses in an agreed ratio. Partnership firms can only be registered when the partnership deed is signed and accepted by all the partners of the firm.
We understand that navigating the intricacies of partnership firm registration can be daunting. That's why we offer a comprehensive and hassle-free partnership firm registration service designed to meet your needs.
Contact us now to learn more and get started on your partnership firm registration journey.
One person company:
A One Person Company is essentially a Private Limited Company at its core, incorporated with a single owner at the helm, who is entitled to all its capital and profits. The single owner must be an Indian citizen, who is a non-minor and is eligible for owning an OPC in India. As far as the liability of the owner is concerned, it is restricted to his subscribed capital, as similar to Private Limited Company.
If you’re looking to make your one-person company registered, then HVJ team is for you. Register your one-person company (OPC) online with us today and you’ll be on your way to operating a registered one-person company.
Private Limited company:
A private company may be formed for any lawful purpose by two or more persons, by subscribing their names to a memorandum and complying with the requirements of this Act in respect of registration. Private Limited Company is the most prevalent and popular type of corporate legal entity in India.
Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two shareholders and two directors are required. MCA has recently implemented major changes to the process and made it very simple to incorporate a company.
Our dedication to providing comprehensive support throughout the Private Limited Company Registration process sets us apart from other service providers. Our team of experts has a wealth of knowledge and experience in company registration, ensuring that all necessary requirements are met efficiently.
Public Limited company
A Public Limited Company under Company Act 2013 is a company that has limited liability and offers shares to the general public. Its stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market. A Public Limited Company is strictly regulated and is required to publish its true financial health to its shareholders.
A Public limited Company has more credibility and transparency in business than a private limited company. Public limited Company has high financial exposure to source capital from the Public as Equity or debenture or deposit. A Public limited Company can register with a minimum of three Directors, and Public limited Company always preferred if you have a broad vision from startup to IPO.
A Public limited Company has all the advantages of the Private limited company and the ability to have the unlimited number of members; shares can be quickly sold or and offer more transparency for shareholder lenders, creditors, and bankers.
At HVJ, our team has years of experience and extensive knowledge of Public limited company registration Laws.
We aim to assist businesses with their queries. As a result, HVJ serves as your one-stop solution for all your business needs.
Nidhi Company
A Nidhi company is a type of company in the Indian non-banking finance sector, recognized under section 406 of the Companies Act, 2013. Their core business is borrowing and lending money between their members. They are also known as Permanent Fund, Benefit Funds, Quasi Bank, Mutual Benefit Funds and Mutual Benefit Company. They are regulated by Ministry of Corporate Affairs, which is also empowered to issue directions to them in matters relating to their deposit acceptance activities. However, in recognition of the fact that these companies deal with their shareholder-members only. Nidhi means a company which has been incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefit.
Nidhi companies are governed by Nidhi Rules, 2014. They are incorporated in the nature of public limited company and hence, they have to comply with two set of norms, one of public limited company as per Companies Act, 2013 and another is for Nidhi rules, 2014. No RBI approval is necessary to register the company, as RBI has specifically exempted this category of NBFC in India to comply its core provisions such as registration with RBI etc. Every Nidhi Company must ensure within a period of one year from the commencement that it has not less than 200 members.
At HVJ, we understand the importance of having a Nidhi Company Registration. It is a crucial step towards expanding your business and reaching new heights of success. Our team of experts has years of experience and Extensive knowledge of the procedures involved in obtaining Nidhi Company registration. We are well-versed with the legalities and regulations of the process, ensuring that your registration is completed seamlessly and efficiently.
Trust & Society
A non-governmental organization (NGO) usually termed as non-profit Organisation usually deliver resources or serve some social or political purpose. NGO’s or Non-profit Organisation are primarily concerned with promoting a cause and engaged in a wide range of activities. If you are willing to establish a non-profit organization for the working with an objective of betterment or advancement of any particular section of the society it is recommended to first get NGO Registration done. As it provides a legal entity to the organization which makes it more credible in the eyes of law and contributors.
Indian Government has come up with various registrations that shall benefit the NGO’s and the society as well, those registration are:
- 12A & 80G Registration ensures that Income of an organization is exempted from Income Tax if an NGO has this registration. If an organization has obtained certification under section 80G of Income Tax Act, then donors of that NGO can claim exemption from Income Tax. Application for registration under section 12AB and 80G can be applied just after the registration of NGO.
- Darpan / Niti Ayog registration: This has evolved into an e-governance tool aiding in developing a healthy and transparent interaction between the government and NGOs. An NGO can get the latest information about new programmes and projects through the NGO Darpan portal. It also provides updates on the government’s previous projects.
- NGOs and VOs must register on the NGO Darpan portal and obtain the Darpan certificate or unique ID to apply for government funds and be qualified for FCRA registration.
- CSR registration: It is also mandatory for Non-Government Organisations NGOs) to register to undertake CSR activities funded by Companies and Corporations. To receive CSR funding, all NGOs are mandated to register with Central Government by submitting Form CSR1. This is required for effective monitoring of CSR spending in our Country.
- The laws associated with filing Form CSR1 is Section 135 of the Companies Act, which talks about Corporate Social Responsibility CSR) and Companies Corporate Social Responsibility Policy) Rules, 2014.
Unlike trusts, a society has a more democratic process and procedures with membership and an elected body to manage the society. Registration of such a Society/Association will have legal recognition and thereby makes it possible to run society legally with discipline. Society can sue and be sued. A minimum of 7 persons who have attained the age of 18 years can form a society or an Association.
The main purpose of society registration is to give legal status to the societies in India and to improve the overall legal conditions of societies. Henceforth the Society Registration Act, 1860 is very important. Society registration is governed by this act. For the wellbeing of society in the country, a registered society performs a very significant rule.
We at HVJ, have facilitated many people to set up trusts and societies in Bengaluru. We have also represented at the tax department to obtain Tax exemptions.