How many types of company registration are there in India?

Starting a business in India or India Entry for business incorporation involved a range of legalities and documentation process to ensure your business function without any hurdles. Company registration in India is abode by rules and regulations listed under the company Act. The Company Act is classified into various types of company which I will explain for you in a simple word;

Different types of business registration in India

1. Private Limited Company: It is a private company mainly suitable for small businesses which means Private Limited Company can have a minimum of 2 and a maximum of 200 members in the entity. Shares of this type of company can be transferred or sold to an individual, who becomes the owner of the company in turn.
2. Public Limited Company:  A Public Limited Company must have a minimum of 3 directors and 7 shareholders. On the stock exchange, the company share is listed can be traded freely and are owned by shareholders. Public Limited Company requires a ROC (Registrar of Companies) before business incorporation.
3. Partnership: In partnership firm the business operations and transactions are handled by the partners. The roles, responsibilities, and shares withheld by 2 individuals are clearly defined in the Legal Partnership agreement. The profits or loss acquired by the company is separated among the partners as specified in the agreement.
4. One Person Company: One Person Company is the latest applicant in the different types of businesses registered in India listed under the Companies Act 2013 in favor of entrepreneurs who possess the capability to run a business singlehandedly, yet successfully. The minimum paid-up capital of shares in an OPC is INR 1 Lakh.
5. Sole Proprietorship: Sole Proprietorship is wherein a single person manages the complete business functionality. The company owner is treated as one identity and he/she solely bears the profit or loss made thereafter. The company in Proprietorship is incorporated in the name of a single individual only. Proprietors here have to bear boundless business liability. Bottom of Form
6. Limited Liability Partnership: In (LLP) the Company needs a minimum of two partners. It is also a lately introduced corporate business structure that conjoins two terms ‘Partnership Firm’, and ‘company’. A Limited Liability Partnership is a divided legal entity from the personal, partnership, personal and company assets are distinguished.