{"id":3593,"date":"2021-06-17T18:57:39","date_gmt":"2021-06-17T18:57:39","guid":{"rendered":"http:\/\/caindelhiindia.com\/blog\/?p=3593"},"modified":"2021-07-07T12:43:34","modified_gmt":"2021-07-07T12:43:34","slug":"a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders","status":"publish","type":"post","link":"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/","title":{"rendered":"A Guide to the Different Types of Legal Entities with Directors and Shareholders"},"content":{"rendered":"<p><a href=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/06\/A-Guide-to-the-Different-Types-of-Legal-Entities-with-Directors-and-Shareholders.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3594\" src=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/06\/A-Guide-to-the-Different-Types-of-Legal-Entities-with-Directors-and-Shareholders.png\" alt=\"\" width=\"716\" height=\"241\" srcset=\"https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/06\/A-Guide-to-the-Different-Types-of-Legal-Entities-with-Directors-and-Shareholders.png 386w, https:\/\/www.caindelhiindia.com\/blog\/wp-content\/uploads\/2021\/06\/A-Guide-to-the-Different-Types-of-Legal-Entities-with-Directors-and-Shareholders-300x101.png 300w\" sizes=\"(max-width: 716px) 100vw, 716px\" \/><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69dd1506902d9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69dd1506902d9\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#A_Guide_to_the_Different_Types_of_Legal_Entities_with_Directors_and_Shareholders\" title=\"A Guide to the Different Types of Legal Entities with Directors and Shareholders\">A Guide to the Different Types of Legal Entities with Directors and Shareholders<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#Types_of_Company_registration\" title=\"Types of Company registration\u00a0\">Types of Company registration\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#One_Person_Company_Registration\" title=\"One Person Company Registration:\">One Person Company Registration:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#Registration_of_a_private_limited_company\" title=\"Registration of a private limited company:\">Registration of a private limited company:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#Registration_of_Public_Company\" title=\"Registration of Public Company:\">Registration of Public Company:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#Limited_liability_partnership_LLP\" title=\"Limited liability partnership (LLP):\">Limited liability partnership (LLP):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#Procedure_for_forming_a_business\" title=\"Procedure for forming a business:\">Procedure for forming a business:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#Steps_Involved_in_Forming_a_Company\" title=\"Steps Involved in Forming a Company: \">Steps Involved in Forming a Company: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#HOW_MUCH_DOES_COMPANY_REGISTRATION_IN_DELHI_COST\" title=\"HOW MUCH DOES COMPANY REGISTRATION IN DELHI COST?\">HOW MUCH DOES COMPANY REGISTRATION IN DELHI COST?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caindelhiindia.com\/blog\/a-guide-to-the-different-types-of-legal-entities-with-directors-and-shareholders\/#ARE_YOU_LOOKING_FOR_THE_BEST_COMPANY_REGISTRATION_ADVISORS_IN_DELHI\" title=\"ARE YOU LOOKING FOR THE BEST COMPANY REGISTRATION ADVISORS IN DELHI?\">ARE YOU LOOKING FOR THE BEST COMPANY REGISTRATION ADVISORS IN DELHI?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"A_Guide_to_the_Different_Types_of_Legal_Entities_with_Directors_and_Shareholders\"><\/span><span style=\"color: #ff0000;\"><strong>A Guide to the Different Types of Legal Entities with Directors and Shareholders<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>When you start a company registration in Delhi, you may have technical or non-technical partners, or you may be a single founder. Delhi \u00a0is a startup hub and India&#8217;s investment capital.<\/p>\n<ul>\n<li><em>Private limited company<\/em><\/li>\n<li><em>LLP (limited liability Partnership)<\/em><\/li>\n<li><em>One Person Company<\/em>.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Types_of_Company_registration\"><\/span><span style=\"color: #000080;\"><strong>Types of Company registration\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>One Person Company Registration<\/li>\n<li>Private Limited Company Registration<\/li>\n<li>Public Limited Company<\/li>\n<li>Limited liability Partnership<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"One_Person_Company_Registration\"><\/span><span style=\"color: #000080;\"><strong>One Person Company Registration:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you are a single person who wants to remain a sole proprietor but want the benefit of limited liability, choose a one-person company. Note that your turnover must exceed $2\u00a0Crore\u00a0to qualify as a one-person company.<\/p>\n<ul>\n<li>Select One person limited if you only require a single shareholder.<\/li>\n<li>A one-person company registration can only have one shareholder, but there can be more than one director without shareholding.<\/li>\n<li>The government has removed the requirement for a minimum paid-up capital for all companies (you can register a company with as little as Rs 100\/- as capital).<\/li>\n<li>Shareholders elect the board of directors, who run the company.<\/li>\n<li>The most significant advantage of forming a one-person company is that its liability is limited to the amount of paid-up share capital invested.<\/li>\n<li>The most significant advantage of forming a one-person company is that its liability is limited to the amount of paid-up share capital invested.<\/li>\n<li>This works similarly to a private limited company but with far fewer legal compliances.<\/li>\n<li>Appointment of the nominee is required to continue the business in the event of the director&#8217;s demise.<\/li>\n<li>A one-person business cannot have a turnover of more than Rs 2 crores (OPC).<\/li>\n<li>If OPC&#8217;s turnover surpasses a certain threshold, it must be changed to a private limited company with at least two directors and shareholders within 180 days.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Registration_of_a_private_limited_company\"><\/span><span style=\"color: #000080;\"><strong>Registration of a private limited company:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>A private limited company can be established with two directors who are also shareholders.<\/li>\n<li>The government has removed the requirement for all corporations to have a minimum paid-up capital (you can register a company with as little as Rs 100\/- as capital).<\/li>\n<li>Shareholders appoint the board of directors, who then run the business.<\/li>\n<li>The most significant advantage of forming a private limited company is that its liability is limited to the amount of paid-up share capital invested.<\/li>\n<li>Startups that intend to raise funds or capital from investors must register as a private limited company.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Registration_of_Public_Company\"><\/span><span style=\"color: #000080;\"><strong>Registration of Public Company:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Select \u201cPublic limited&#8221;\u00a0if you need more shareholders and free transferability of shares.<\/li>\n<li>A Public limited company can be required to register with a minimum of three directors and 7 shareholders.<\/li>\n<li>The government has removed the requirement for all firms to have a minimum paid-up capital (you can register a business with as little as Rs 100\/- as capital).<\/li>\n<li>Shareholders elect the board of directors, who then run the company.<\/li>\n<li>The most significant benefit of founding a public limited company is that its liability is restricted to the amount of paid-up share capital invested (LLP).<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Limited_liability_partnership_LLP\"><\/span><span style=\"color: #000080;\"><strong>Limited liability partnership (LLP):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>An LLP can be formed with two partners who are also shareholders.<\/li>\n<li>The government has eliminated the requirement for all firms to have a minimum capital (a company can be registered with as little as Rs 100\/- in capital).<\/li>\n<li>The LLP&#8217;s partners will run the business.<\/li>\n<li>The biggest advantage of forming an LLP is that its liability is limited to the amount of capital invested.<\/li>\n<li>No partner is liable for any misdeed or misconduct, or for any decision made solely by that partner.<\/li>\n<li>An LLP has lower compliance requirements than a private limited company.<\/li>\n<\/ul>\n<p>A limited liability partnership (LLP) is a new corporate structure that is simply a larger version of a partnership firm. LLP, like a corporation, exists independently of its partners. An LLP should have at least 2 designated partners. Anyone who is a citizen of India and runs a legal business can register as an LLP. No partner is liable for another partner&#8217;s independent misconduct. If the liability arises as a result of the misbehaviour of a partner, the culpability is limitless. Every year, a statement of accounts shall be filed on behalf of LLP.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Procedure_for_forming_a_business\"><\/span><span style=\"color: #000080;\"><strong>Procedure for forming a business:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>In Delhi, a private limited company can be formed with two directors who are also shareholders.<\/li>\n<li>The government has removed the requirement for all corporations to have a minimum paid-up capital (you can register a company with as little as Rs 100\/- as capital).<\/li>\n<li>Shareholders elect the board of directors, who then manage the business.<\/li>\n<li>The most significant benefit of founding a private limited company is that its liability is restricted to the amount invested in paid-up share capital.<\/li>\n<li>For startups that want to raise funds or capital from investors, forming a private limited company is required.<\/li>\n<li>Required documents for the Formation of a Private Limited Company.\n<ul>\n<li>PAN CARD: A copy of each director&#8217;s pan card.<\/li>\n<li>Address Proof: Any of the documents listed below:<\/li>\n<li>Passport Copy of All directors,<\/li>\n<li>Voter Identity Card<\/li>\n<li>Driving License<\/li>\n<li>Aadhaar Card<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>Residential Confirmation<\/strong>:<\/span> The residential proof must include the name of the Director, as required by Rule 16(2) of the Company Incorporation Rules 2014.<\/p>\n<p>It is important to note that the residence proof must be no more than two months old. The following documents are only accepted as proof of residency; any one of them is required:<\/p>\n<ul>\n<li>Bank Statement<\/li>\n<li>Electricity Bill<\/li>\n<li>Telephone Bill<\/li>\n<li>Mobile Bill<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Steps_Involved_in_Forming_a_Company\"><\/span><span style=\"color: #000080;\"><strong>Steps Involved in Forming a Company: <\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Forming a private limited company in Delhi necessitates the assistance of a CA\/CS\/Lawyer due to the legal procedures involved. It is a complicated process, but don\u2019t worries, our team of specialists will handle it for you.<\/p>\n<p><strong>Step 1:<\/strong> Fill out RUN (Reserve Unique Name Form) and submit it (Name Availability).<\/p>\n<p><strong>Step 2:<\/strong> Obtain the DSC as well as the SPICE INC-32 forms (E Form used for Company Registration).<\/p>\n<p><strong>Step 3:<\/strong> In SPICE INC \u2013 33 and AOA, draught the MOA. Registration of a business in SPICE format.<\/p>\n<p><strong>Step 4:<\/strong> Complete the PAN and TAN applications, as well as the SPICE INC -32 form (E Form used for Company Registration).<\/p>\n<p><strong>Step 5:<\/strong> Following the completion of the above-mentioned company registration process, RoC.<\/p>\n<p><strong>Step 6:<\/strong>\u00a0Issues of\u00a0Certificate of Incorporation.<\/p>\n<p><strong>Step 7:<\/strong> In Delhi, apply for GST Registration, ESI PF Registration, and Company Registration. The application for the incorporation of a company under rule 38 must be accompanied by e-form AGILE (lNC 35), which includes an application for registration of the following numbers, namely.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"HOW_MUCH_DOES_COMPANY_REGISTRATION_IN_DELHI_COST\"><\/span><span style=\"color: #000080;\"><strong>HOW MUCH DOES COMPANY REGISTRATION IN DELHI COST?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The cost of registering a company in Delhi would be around Rs 10,000, which would include the company name, DSC, DIN, and all other approvals.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"ARE_YOU_LOOKING_FOR_THE_BEST_COMPANY_REGISTRATION_ADVISORS_IN_DELHI\"><\/span><span style=\"color: #000080;\"><strong>ARE YOU LOOKING FOR THE BEST COMPANY REGISTRATION ADVISORS IN DELHI?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>IFCCL is the top business registration consultants in Delhi. Contact IFCCL for help with company registration.<\/p>\n<p><span style=\"color: #000080;\"><strong>AFTER COMPANY REGISTRATION PROCESS<\/strong><\/span><\/p>\n<p>Can you start your business now that you&#8217;ve registered your company?<\/p>\n<p>Yes!! is the quick answer.<\/p>\n<p><span style=\"color: #000080;\"><strong>What further forms of registration do you require?<\/strong><\/span><\/p>\n<p>IFCCL can help you make your venture a success by guiding you through the simple company registration process on:<\/p>\n<ul>\n<li><strong>Mobile 9555555480\u00a0<\/strong><\/li>\n<li><strong>Landline : 011 43520194<\/strong><\/li>\n<li><strong>email:\u00a0info@caindelhiindia.com<\/strong><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>PROCESS AFTER COMPANY REGISTRATION\u00a0<\/strong><\/span><\/p>\n<p>What other Registration you need to have<\/p>\n<ol>\n<li>Register for GST<\/li>\n<li>IE Code Registration ( Import Export Code Registration)<\/li>\n<li>Registration under Shop and establishment act<\/li>\n<li>Register for Professional Tax<\/li>\n<li>PF , ESI , and much more<\/li>\n<\/ol>\n<p>IFCCL assists you in writing of your startup a success through the hassle-free Company registration process.<\/p>\n<p>All the best to all the entrepreneurs who are forming a company in Delhi for their business and corporate success.<\/p>\n<p>In order to form a company in Delhi, you must do so online. IFCCL, your experts, is here to assist you. Contact IFCCL support service at <a href=\"mailto:info@carajput.com\">info@caindelhiindia.com<\/a> \u00a0or call <strong>9555555480 <\/strong>and <strong>011 43520194<\/strong> for any assistance on company registration near me in Delhi and Private Limited company registration in Delhi. We will guide you through the procedure.<\/p>\n<p>Please contact us for assistance in forming a private limited business in Delhi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Guide to the Different Types of Legal Entities with Directors and Shareholders When you start a company registration in Delhi, you may have technical or non-technical partners, or you may be a single founder. Delhi \u00a0is a startup hub and India&#8217;s investment capital. Private limited company LLP (limited liability Partnership) One Person Company. Types &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[647],"tags":[824],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3593"}],"collection":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/comments?post=3593"}],"version-history":[{"count":2,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3593\/revisions"}],"predecessor-version":[{"id":3596,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/posts\/3593\/revisions\/3596"}],"wp:attachment":[{"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/media?parent=3593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/categories?post=3593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caindelhiindia.com\/blog\/wp-json\/wp\/v2\/tags?post=3593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}