A Private Limited Company (PLC) is a company owned by a small group of people. It is registered for specific purposes and controlled by a group of people known as shareholders. A Private Company is a typical company structure for startups and organizations with high development ambitions.
A public limited company is an incorporation that has a voluntary group of members who have a separate legal existence and limited liability. A public limited company is listed on a stock market and has its shares/stocks publicly traded.
In contrast to private firms, a one-person company has only one shareholder. These businesses enjoy all of the advantages of a private company, including access to financing, bank loans, restricted liability, legal protection, and so on.
A limited liability partnership (LLP) is a legal entity separate from its members (partners), who are solely liable for the amount of money they invest plus any personal guarantees. The partnership is registered with Companies House and can only get used by firms that make a profit.
A Nidhi company is a non-banking financing company in India, as defined under section 406 of the Companies Act, 2013. Borrowing and lending money between members is their prime business.
A non-profit organization, or NGO, is a group that works to promote art, science, sports, education, research, social welfare, religion, charity, environmental protection, or any other cause. In India, an NGO can get registered as a company under Section 8 of the Companies Act, 2013 (section 25 of the Companies Act, 1956), a trust, or a society.
The registration of any business organization under the GST Law entails acquiring a unique number from the relevant tax authorities to collect taxes on behalf of the government and claim an Input Tax Credit for taxes paid on inbound goods.
Apart from company registration, one can avail of other services from FilingYug, such as Company Name change, change Register Office, Add Director/Directors, Remove Director/Directors, Objective change, Increase Authorised share capital, and Share Transfer.