{"id":1949,"date":"2021-08-20T09:51:15","date_gmt":"2021-08-20T09:51:15","guid":{"rendered":"https:\/\/www.companyregistrationcoimbatore.in\/blog\/?p=1949"},"modified":"2021-08-20T09:51:15","modified_gmt":"2021-08-20T09:51:15","slug":"types-of-company-registration-in-coimbatore-documents-requirement","status":"publish","type":"post","link":"https:\/\/www.companyregistrationcoimbatore.in\/blog\/types-of-company-registration-in-coimbatore-documents-requirement\/","title":{"rendered":"Types of limited company registration in coimbatore – documents requirements"},"content":{"rendered":"

Private limited company<\/strong><\/p>\n

A Private Limited Company in Coimbatore is a type of company that has a minimum of two and a maximum of 200 members. As the name suggests, it cannot raise the funds from the public, which means the company cannot publicly issue the shares. There is no paid-up capital required now to set up an LTD.<\/p>\n

\"Private
Private Limited Company Registration<\/figcaption><\/figure>\n

Some benefits of having a private limited company<\/strong><\/p>\n

The liability of the company\u2019s owner with respect to the company\u2019s debt is only limited to his\/her shares.<\/p>\n

The shares of the company are easily transferrable to the other person.<\/p>\n

The company can issue debentures and can receive funds from public platforms, thus making it easier to raise the money.<\/p>\n

There are more tax benefits in LTDs and the percentage of applied tax is also lesser as compared to other types of company registrations.<\/p>\n

How to register a private limited company<\/a><\/strong><\/p>\n

Obtain Directors Identification Number (DIN), which is a unique code that requires you to have a PAN card, Aadhaar card, bank statement, phone and electricity bill<\/p>\n

After that, a name registration application needs to be filed.<\/p>\n

Now, you need to draft MOA and AOA. MOA states the objects of the company while AOA specifies the rules and regulations of the company.<\/p>\n

Now file the application through SPICE-E form on MCA\u2019s website and obtain PAN and TAN applications.<\/p>\n

If all your papers are in order, you are done with your application.<\/p>\n

Public limited company registration<\/strong><\/p>\n

A Public Limited Company in Coimbatore<\/a> is a creation of law and is incorporated as per the law and provisions laid down in The Companies act 2013, and the rules made thereunder. Seven or more persons are needed as promoters of a public limited company, out of which at least three persons should be the first directors of the company. There is no maximum limit on the numbers of shareholders of a public limited company, while the maximum number of directors as prescribed is fifteen, which can be further increased.<\/p>\n

\"public
public limited company registration in coimbatore<\/figcaption><\/figure>\n

Minimum Seven Persons: A public limited company registration in coimbatore can be, by at least seven persons, who shall act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which can\u2019t exceed 15 directors.<\/p>\n

Minimum Requirements to Register Public Limited Company<\/a><\/strong><\/p>\n

Resident Director<\/strong>: One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.<\/p>\n

Capital Requirement<\/strong>: Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital
\nUnique Name of Company<\/strong>: The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.<\/p>\n

Registration process<\/strong><\/p>\n

Step – 1: Digital Signature of Director<\/strong><\/p>\n

As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two.<\/p>\n

Step – 2: Name Approval Of Company<\/strong><\/p>\n

The Company name must be unique and should not be same or similar to an existing company, LLP or a trademark.<\/p>\n

Step – 3: Filling For Incorporation<\/strong><\/p>\n

One single application (spice 32) is filed for incorporation of the company. with the approval of this the Certificate is Issued.<\/p>\n

Step – 4: PAN, TAN & Bank Account<\/strong><\/p>\n

The IT Department allots PAN\u00a0 & TAN, which is mentioned on the certificate of incorporation. Next is Bank A\/c opening<\/p>\n

One-person company<\/strong><\/p>\n

A new type of business structure called One Person Company registration in Coimbatore<\/a> (OPC) was introduced by the Indian government in 2013.<\/p>\n

\"company
company registration in coimbatore<\/figcaption><\/figure>\n

Until 2013, a single person could not incorporate a company, you needed to have a minimum of two directors to do that.<\/p>\n

But why would you need to incorporate a company if you are an individual instead of just going for sole proprietorship?<\/p>\n

An incorporated company helps entrepreneurs limit their liabilities and also avail certain tax benefits. But with OPC, an individual could incorporate a company and be the sole director while retaining 100 percent of the company.<\/p>\n

Other benefits of an OPC<\/strong><\/p>\n

Lesser compliance compared to a private limited<\/p>\n

Limited liability for directors (meaning the owner\u2019s personal assets won\u2019t be at risk in the event of an unfortunate event)<\/p>\n

Legal Recognition<\/p>\n

Makes it easier to get loans from banks<\/p>\n

Complete control of the company<\/p>\n

Easy to manage<\/p>\n

How to register a one-person company?<\/strong><\/p>\n

Obtain Digital Signature Certificate<\/a> (DSC)<\/p>\n

Obtain Director Identification Number (DIN)<\/p>\n

Apply for Name Approval<\/p>\n

Documents required:<\/strong><\/p>\n

Memorandum of Association (MoA)<\/p>\n

Articles of Association (AoA)<\/p>\n

Proof of registered office<\/p>\n

Affidavit and consent of director<\/p>\n

A declaration that all compliances have been made<\/p>\n

File all forms with Ministry of Corporate Affairs (MCA)<\/p>\n

Collect your certificate of Incorporation<\/p>\n

Approach a CA and they should be able to take care of the entire process for a nominal fee.<\/p>\n

Limited liability partnership<\/strong><\/p>\n

Limited liability partnership (LLP) takes advantage of other business structures corporation, partnerships, and sole proprietorship. Limited liability partnership is entitled as flexible business structures, and LLP separates personal and business liabilities. Every owner will have their tax liabilities shared.<\/p>\n

\"llp
llp registration in coimbatore<\/figcaption><\/figure>\n

LLPs are not liable for business debts like other business structures, and these have limited life.<\/p>\n

Key advantages of LLP<\/strong><\/p>\n

The paperwork in LLP in Coimbatore<\/a> is much lesser as compared to other registrations. This makes LLP more flexible and easier to form.<\/p>\n

LLPs keep their members safe from the liabilities like personal debts and legal hearings.<\/p>\n

It also provides tax flexibility where the income, expenditures, and profits become the part of owner\u2019s tax returns.<\/p>\n

In LLPs, one does not have to necessarily follow a business structure to run one\u2019s organisation.<\/p>\n

Profit sharing is also flexible in LLPs.<\/p>\n

How to set up an LLP?<\/strong><\/p>\n

Apply for DPIN (Designated Partner Identification Number) by filling the form online.<\/p>\n

Acquire your Digital Signature Certificate and register it on MCA portal.<\/p>\n

Get the approval for your LLP in Coimbatore<\/a> name from the Ministry of Corporate Affairs.<\/p>\n

After approval, fill the incorporation form to register the LLP and obtain the LLP agreement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Private limited company A Private Limited Company in Coimbatore is a type of company that has a minimum of two and a maximum of 200 members. As the name suggests, it cannot raise the funds from the public, which means the company cannot publicly issue the shares. There is no … <\/p>\n","protected":false},"author":1,"featured_media":1950,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,14,2,15,25,17,28,21,11,19,34,16],"tags":[3,26,8,31,5,6],"class_list":["post-1949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-registration-entities","category-company","category-company-registration","category-company-registration-in-bangalore","category-limited-liability-partnership","category-llp","category-one-person-company-registration","category-opc","category-private-limited-company","category-private-limited-company-private-limited-company","category-public-limited-company-registration-in-coimbatore","category-shares","tag-company-registration-in-coimbatore","tag-limited-liability-partnership-registration-in-coimbatore","tag-llp-registration-in-coimbatore","tag-opc-registration-in-coimbatore","tag-private-limited-company-registration-in-coimbatore","tag-public-limited-company-registration-in-coimbatore"],"yoast_head":"\r\nTypes of limited company registration in coimbatore- documents requirements<\/title>\r\n<meta name=\"description\" content=\"Company registration is crucial. 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