Company Registration

India, the land of many opportunities, offers great prospects for anyone looking to start a business. Growing one’s business often gives rise to the need to start a company.

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Company Registration in Mangalore

We are the Best Legal Registration Consultants in Mangalore Since 2004. We at OneCity Digital Media provides various types of company registrations that can be initiated. Each type of company has certain merits and advantages depending on the type of the business.

We assist and aid you in choosing the right path for your business. Our team of experts will guide you on the various advantages you may benefit from by choosing a particular type of company for your venture.

Company Registration will be your next task after our expert panel guides you on the type of company that fits you. Company registration in India is regulated by the Ministry of Companies under the Companies Act 1956, 2013 and other allied Bills, Rules and Acts. We have a professional team, that can register your company with the MCA and make your business a recognised lawful entity in the eyes of the law. Registering your company gives a legal framework to your business. Over time, company registration has been made online and our well-networked team of professionals makes certain that the registration of your company is completed without any hassles.

Registering your company online entails the following procedures

  1. Procuring the necessary documents.
  2. Applying and obtaining the Director Identification Number (DIN)
  3. Applying for the name of the company
  4. Drafting the Memorandum of Association and Article of Association.
  5. application for registering the company online
  6. Procuring the company incorporation number

These procedures may seem long and cumbersome, however, our team of experts and professionals will manage the entire procedure from start to finish enabling you to incorporate your company in India. From procuring, organising and submitting all the legal documents, various licenses and other compliances, our professional experts will see it through. 

Starting a company

To start a business in India, you may want to incorporate the business as a particular type of company. The various types of companies in India have certain merits and demerits, conditional to particular factors like the size of your business or capital investment. Depending on the kind of your business venture, companies can be broadly classified as follows with ensuing merits and demerits

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Type of company Suitable for  Requirements Initial Capital requirements Regulations
Private limited Company

Small and start-up ventures

Minimum 2 Directors

Not specified (Any trivial amount)

Rigid and strict regulations

One Person Company

Single businessman

One director and nominee

Not specified (Any trivial amount)

Average regulations

Limited Liability Partnership

Executives

Two Partners

Not specified (Any trivial amount)

Few regulations

Apart from the above three types of companies, the other companies that can be incorporated in India are sole proprietorship, partnership firm and Section 8 companies.

OUR SERVICES

Our services include a wide variety of activities from initial guidance to finally incorporating your company. We offer in-depth research for your venture and advice you on the best possible options that would lead to a sustainable and profitable venture.

What is a Private Limited Company?

A Private Limited Company is a type of business entity that limits owners’ liability to their shares and restricts the number of shareholders to 50. In a Private Limited Company, shareholders can not publicly trade shares.

A private Limited Company is incorporated under the Companies Act 2013 which is governed by the Ministry of Company Affairs, India. It is a popular choice for business start-ups as it carries several advantages along with it. Some of the advantages are detailed below.

Registering your business venture as a Private Limited Company attracts the following Advantages:

No minimum Capital

A private Limited Company can be registered with a minimum of two directors and does not require a minimum capital to form it. A Private Limited Company can be registered with a basic sum of Rs. 10,000 as total Authorized Share capital.

Separate Legal Entity and Limited Liability

This type of company separates management and ownership. The personal assets of the directors will be considered separate from the assets of the company, in the court of law. As a company incorporated as a Private Limited Company is considered as a separate legal entity, it can own and buy assets/ property in its own name

In the event the company undergoes any financial distress, the personal assets of its directors will not be used to pay the debts of the company as the liability of the person is limited to his/ her shareholding.

Easy access to loans and easy transfer of shares

A Private Limited Company enjoys easy access to loans and shares of a company limited by shares are transferable by the shareholder to any other person.

Perpetual Succession 

A Private Limited Company has continued existence until it is legally dissolved. The company is unaffected by the exit of any of its members and it continues to be in existence irrespective of the changes in membership.

Tax Benefits

A company registered as a Private Limited Company enjoys certain tax benefits.

FDI Permit

A private Limited Company allows 100% Foreign Direct Investment. This means that any foreign person or entity can directly invest in the company

Requirements to form a Private Limited Company

To register a company as a Private Limited company the following criteria need to be fulfilled

  1. The requirement of two or more Directors (one Director necessarily being a citizen of India)
  2. The requirement of two or more Shareholders and maximum 200 shareholders are permitted.

Documents required for forming a Private Limited company

  1. Directors Identity proof along with address proof
  2. Photograph of Directors
  3. Copy of Directors PAN card
  4. Copy of Electricity Bill
  5. Sale deed or rental agreement of Office Premise
  6. Copy of Aadhaar Card of Directors
  7. No Objection Certificate

Registering a Private Limited Company requires the assistance of experts in various fields like legal advisors, Chartered Accountants and Company Secretaries. Our Private Limited Company registration services include a comprehensive package from initial guidance, consultancy and company name search to final incorporation of the Company. Our qualified and professional teamwork round the clock to make the process of registration hassle-free and uncomplicated. 

What is a One Person Company?

A One-person Company unlike a private Limited company is a company that can be started with just a single member. A one-person company has the advantages of a Private Limited company like limited liability, separate entity and perpetual succession, but with a single member and fewer legal compliances.

Registering your business venture as a One Person Company attracts the following Advantages:

Reap benefits of a Private Limited Company

A one-person company reaps all the benefits conferred on private limited companies such as 

  1. Limited liability

In the event, the company undergoes any financial distress, the personal assets of its single director will not be used to pay the debts of the company as the liability of the person is limited to his/ her shareholding in the Company.

  1. Separate entity. 

The personal assets of the single director will be considered separate from the assets of the company, in the court of law. 

  1. Perpetual Succession (nominee appointed)

As a One-person company is considered a separate legal entity, itis unaffected by the exit of its member and it continues to be in existence and it would pass to the Nominee Director. 

  1. Master of your own business

As a One-person company allows for a single member to form a company, it fuels the advantage of allowing you to be a master of your own decisions and your own business

  1. Fewer Compliances 

A One Person Company has fewer regulations to adhere to as compared to a Private Limited Company A one-person company is exempted from some of the mandatory formalities of a Private Limited Company such as holding of Annual General Meeting, quorums and appointment of Company secretary.

Requirements to form a One Person Company

To register a company as a One Person company the following criteria need to be fulfilled

  1. The requirement of a single Director 
  2. The requirement of one member
  3. Appointment of Nominee

Documents required for forming a One Person company

  1. Director Identity proof along with address proof
  2. Photograph of Director
  3. Copy of PAN card
  4. Copy of Electricity Bill
  5. Sale deed or rental agreement of Office Premise
  6. Copy of Aadhaar Card
  7. No Objection Certificate

We guarantee a smooth commencement of a one-person company type set up. We cover all the formalities of the registration and ensure your company has a grand and trouble-free launch. Our experts will receive and process all necessary documentation, draft the required MOA, AOA and other paperwork and file the documents with the Registrar of Companies. We ensure a smooth and uncomplicated start to your One-person compan

What is a Limited Liability Partnership?

In a limited liability partnership, as the name suggests, the liability of the partners is limited to the extent of their contribution to the capital. The registration is governed by the Limited Liability Partnership Act 2008 and the Companies Act 1956.

Registering your business venture as a Limited Liability Partnership attracts the following Advantages:

Limited Liability

The liability of investors in this business set up is limited to their contribution. Therefore, the investors are protected against company debts as the company is considered as a separate legal entity. No partner is liable for the unauthorised actions of other partners, therefore individual partners are protected from joint liability created by another partner’s errors. 

Shareholder structure and Ease of formation

One of the main advantages of A Limited Liability partnership is the simplicity and ease of its formation. The company can be incorporated easily with just two or more shareholders. A Limited Liability Partnership incorporates the benefits of both a Private Limited Company and a Partnership Firm. 

Small Capital requirements

Limited Liability companies can be formed with a small capital investment of the partners as compared to other company formations.

Requirements to form Limited Liability Partnership

To register a company as a Limited Liability Partnership the following criteria need to be fulfilled

  1. Obtaining Digital Signature Certificates 
  2. Application for Name of Limited Liability Partnership 
  3. Application for Director Identification Numbers
  4. PAN and TAN Application
  5. Drafting and filing of Limited Liability Partnership Agreement
  6. Incorporation of the Limited Liability Partnership under the LLP act of 2008 by filing the application along with the documents required.

Documents required to form a Limited Liability Partnership

  1. Director Identity proof along with address proof
  2. Copy of PAN card
  3. Copy of Electricity Bill
  4. Sale deed or rental agreement of Office Premise
  5. Copy of Aadhaar Card
  6. No Objection Certificate
  7. Photograph of all the Partners

We offer our services to register Limited Liability Partnerships in India. We offer in-depth information and advice on the requirements to form a Limited Liability Company in India. Our experts draft and file the Limited Liability Partnership Agreement which details the powers of the partners thereof.

Our core team of professionals are always eager to assist you in matters of registration of your company.  

We advise you on the best possible solutions for your business venture and offer you trouble-free registration services. Our team makes an in-depth investigation into your business goals, intention, capital and business purpose and chalks out a comprehensive plan for your venture, making us one of the most trusted company registering service providers.  

We provide on-time services at affordable rates   You can be rest assured that your data is safe with us at all times.

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Comparision Between Various Company Registrations

Private Limited Company Vs Limited Liability Partnership 

While both types of business set-ups carry their own advantages and disadvantages, A private Limited company allows easy transfer of ownership, unlike a Limited Liability Partnership. However, Private Limited companies have several legal compliances which make it expensive and cumbersome.

One Person Company Vs Limited Liability Partnership

A one-person company is governed by the Companies Act 2013 whereas A Limited Liability Partnership is governed by the Limited Liability Partnership Act 2008 and the Companies Act 2013. In a one-person company, the single director is the sole decision-maker in the business, unlike a Limited Liability Partnership where the powers of the Directors are predetermined in the Limited Liability Partnership Agreement signed by the Directors. In a Limited Liability Partnership, a statutory audit is not necessary unless the partners' contribution or the turnover exceeds a certain prescribed amount whereas in a one-person company statutory audit in not compulsory. 

Private Limited Company Vs One Person Company

 Both Companies, though governed by the same Act and enjoy more or less the same benefits a few points of differences are a Private Limited Company can enjoy 100% FDI through the automatic route whereas one person companies do not have an FDI permit. Transfer of shares is easier in a Private Limited Company when compared to share transfer in a one-person company. In a One-person company.

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