LLP Formation in Pune / investment junction

  Limited Liability Partnership (LLP)

LimitedLiability Partnership (LLP) is an alternative corporate business form that gives the company's limited liability advantages and the flexibility of business partnership, in other words, by providing simplicity in management and the possibility of such expansion, the benefits of both worlds Does compliance requirements of a company are relatively low and only some returns are filed. Audit for small LLPs is not required and compliance is based on information declared by the partners. A Limited Liability Partnership (LLP) is a new form of business introduced in the year 2009, it is a unique form of this type of business which means that it has the simplicity of a partnership firm and limited liability There are advantages. The minimum two persons can make an LLP, there is no maximum limit on the number of its partners. The benefits of business louf form on Pvt Ltd are in the fact that there is less compliance requirement than a private limited company. For example, as long as the turnover of the business does not reach up to 40 lakhs or audit is not required until it reaches the capital. This is a preferred option for small businesses with less than 25 lakhs of capital

Advantages of Limited Liability Partnership (LLP)

Limited Liability

Limited Liability implies that the owners or shareholders of the company are not personally liable to pay the business debts. They are only responsible for the unpaid shares of the company. In order to reap the Limited Liability Benefit, owner needs to comply with certain corporate rules and regulations which includes keeping up with paperwork and accurately capitalising the business.

Perpetual Existence

Perpetual Existence refers to the continuation of an incorporated firm’s existence, which implies that these firms are unaffected by the death of owner or the transfer of its shares to a new establishment. The best part of perpetual existence is that a company will continue to exist, no matter how many directors, officers and shareholders join or leave

Capacity to Sue & to be Sued

Private Limited Companies enjoy the advantage to carry out legal proceedings and to bring a suit in the court of law. Like an individual, the companies can bring a legal action in another person’s name and also can be sued in the court of the law as they are distinct & independent legal entities different from its owners, promoters & directors.. etc.

Distinct Legal Entity

A legal entity like a company has a separate identity from its owners or shareholders. With the incorporation of the company according to the law in force it becomes a distinct legal entity which is different from its promoters and is treated separate under law.

Borrowing Capacity

Not only the private limited companies receive great financial assistance from banks and financial institutions but also enjoys an advantage of borrowing funds. A private limited company can also issue debentures apart from accepting deposits from the public.

Owning Property

Like a person a private limited company can purchase, sale, own, possess, enjoy and transfer property rights to anyone in its own name. Moreover, no claim can be made upon the property of the company by the shareholder as long as it exists.

LimitedLiability Partnership firm (LLP) is a new concept in firm registration where partners get limited liability protection. This plan is designed to help you.please call us on: 9371151733 / 7798612243 for more details

 

Formation of Public Limited Company /Company Formation Registration in Pune

 

1.Promotion Stage

The promotion phase is the first phase of the formation of a company. It involves all activities, which is necessary for the company to start a business. This is a combination of ideas that leads to a business at the level of operation. Important steps in this phase of formation of the company are given below: -

Discovery of Business opportunity
Detailed investigations.
Assembling different factors.
Preparation of essential documents.

After taking the above activities into business, there is a clear physical structure identification, but no business can start at this level. This requires legal status, which is possible only through registration and it is said that the process involved is included.

2.Incorporation Stage.

The second step involves the formation of a public company, in which a company has gone under the registration process. The supporters need to arrange related documents and submit them to the Registrar for the integration of the company. These essential documents are as follows: -

1.Not less than seven members of the company must sign Memorandum of Association.

2.Not less than seven members of the company must sign Articles of Associations.

3.Promoters need to have submitted the requisite prospectus or a statement which is often called in lieu of prospectus with the registrar.

4.A complete detail of directors regarding willing to act his role in business along with by each of them duly signed.

5.The location / address of the office of registered company must be noticed.

6.The prescribed filling fee and payments of duly on share capital must be submitted along with original challan receipts.

7.A declaration regarding fulfillment of registration in accordance with the provision of Companies Ordinance and also approved by at least one of the authority called secretary.

8.Declaration certificates of nominated director’s.

The above all documents along with the requisite filling fee must be submitted with the registrar. Firstly the registrar will scrutinize entire documents on their receipt, and satisfied himself with the requirements under the law, and if it shows satisfactory result, he will register the company in the Register of Companies Ordinance and issue a certificate which may be called “Certificate of Incorporation”. This Certificate is a major evidence of the facts of the Companies Ordinance requirements, but business cannot start at this level.

3.Subscription Stage

 

In case of Private Limited Companywhere business can be start on collection of certificate of Incorporation. On the other side, a public limited company must undertake another essential requirement to begin his business i.e. “Certificate of commencement of business”. This phase of company formation is connected with the given key steps:-

1.It is essential that invitation has been made to general public to subscribe for the shares by issuing prospectus.

2.A statement which may be called in lieu of prospectus with the registrar has been submitted, in case of no prospectus has been issued.

4.Commencement Stage

1.This stage of public limited company is consists of the following documents:-

2.A declaration on account that payment of whole amount subject to share held in cash has been allotted up to the lowest amount of contribution.

3.A declaration on account that every director has compensated in cash in the total amount of the shares due.

4.A declaration on account that no any such amount likely to be repay to the applicants for shares which have already been recall for public subscription.

5.A statuary declaration which is signed by the authority known as secretary on account that all the requirements / conditions have been fulfilled.

The registrar with the satisfaction being entirely fulfilled that:

• All the declarations have been verified and submitted.
• A Certificate which is known as “Certificate of Commencement of Business” will be issued, if all other necessities of the Companies Ordinance have been completed. On collection of said certificate any company is allowed / permitted to begin its business.
  
  Formation of public limited company in pune is now easy. Our expert team assist you in registration of public limited company with easy documentation.please call us on: 9371151733 / 7798612243 for more details

Formation of Public limited company Pune

However, the certificate of incorporation of a public company to start a different business certificate is needed to start the business. Apublic limited company to include some additional forms and documents to be submitted to the Ministry of Corporate Affairs and Secretary of the Registrar is required.

1. eForm -20, to be filled and submitted by the director or company secretary. This declaration states the amount of shares and the share capital of the company and that company a prospectus inviting the public to subscribe for its shares have not been issued.

2. Statement in lieu of prospectus to be submitted to the Registrar of Companies

3. Each director said that the company has not started its business with the Registrar of Companies affidavit

4. The initial cost, board resolution to approve the appointment of auditors at the Registrar of Companies (the consent form attached)

OR

1. eForm -19 and to file a declaration in the prospectus (Schedule II of the companies Act, 1956) to give. eForm -19 a declaration of the amount of share capital is to be presented to the public by the company.

2. Each director said that the company has not started its business to the Registrar of Companies affidavit

3. The initial expense, the Board resolved to approve the appointment of auditors at the Registrar of Companies (the consent form attached)

Registrar of companies will then process the documents and if all documents are in order, then it will issue a certificate of commencement of business.