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All organisations of a particular industry may not necessarily be registered as a Company under Indian Companies Act, 2013. The private hospitals may be registered as Private or Public Companies or as Section 8 Company but not necessarily all.
The test whether an entity is registered under Companies Act is its registered name and CIN (Corporate Identification Number). A Private Company must contain "Private Limited Company" at the end of its name and similarly a Public Company's name shall contain "Limited Company" or "Public Limited Company" at its end.
The ambiguity may arise here if the entity, say hospital, is registered as Section 8 Company for charitable purpose. These companies are exempted to put "Private Limited" or "Limited" at the end of name.
Thus, you may check if any company with same name is registered with Ministry of Corporate Affairs (MCA), the regulatory body. You may check the company details and CIN at following link: http://www.mca.gov.in/mcafoporta...
Feel free to drop your query in comment box or drop an e-mail at support@legalwiz.in.
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There is no condition to start the business immediately after incorporation of Company; hence you can incorporate the company for future course of business as Private Limited Company or Public Limited Company.
Further for this kind of situation there is a concept under section 455 of the Companies Act, 2013 called "Dormant Company".
A dormant company is a company that has been registered under the Companies Act but is not carrying out any "significant accounting transaction." As per Companies Act 2013, a company that has been formed and registered under the Act,
a) For a future project or to hold an asset or intellectual property and,
b) Has no significant accounting transaction, is permitted to make an application to the Registrar to obtain the status of a dormant company.
For being well compliant after incorporation Annual return of the Dormant Company in Form MSC-3 shall be filed within 30 days of the end of the financial year.
Further the dormant companies can enjoy status as Dormant companies for maximum consecutive 5 years.
You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in
Small and medium enterprises are the backbone of the Indian Economy. MSME stands for Micro, Small and Medium Enterprises. MSME Department is a department of Central Government, established under The Micro, Small and Medium Enterprises Development Act, 2006. The Act was enforced with a view to promote the small scale Businesses and provide the benefits those are available to large scale Businesses through providing various subsidies, incentives and schemes.
SSI/MSME Registration is mostly recommended in order to claim various benefits. Below mentioned are the benefits and incentives availed to MSM Establishments registered under the Act:
Subsidised Rates of Loan: The availability of Finance is easy and at lower cost. The banks tend to provide loans on lower rate of interest to the MSME.
Preference for Government Tenders is also availed based on the registration certificate under MSME.
Benefit for Trademark Application: The entities registered having MSME Department can avail rebate of 50% on Government Fees for Trademark Registration Application. The fees prescribed for Companies, LLP, Partnership Firm, etc. is Rs 9,000/-, for which rebate can be claimed based on MSME Certificate.
Protection against delayed payment from Buyers is enjoyed due to this registration. The buyers are liable to make timely payment when accepted.
A separate Council "Micro and Small Enterprises Facilitation Council" is established for timely resolution of disputes with the consumers.
Following are other miscellaneous benefits and schemes:
The Credit Guarantee Fund Scheme for Micro and Small Enterprises
Market Development Assistance Scheme for Micro, Small & Medium Enterprises
Technology & Quality up gradation Support for MSMEs
Government Subsidy for Small Business for Cold Chain
Power tariff subsidies, excise exemption regulations, capital investment subsidies, and several other benefits
Additionally, there are various other benefits declared by Central Government from time to time wit
Yes, once the Partnership Firm is registered with RoF, any changes to business structure or Partnership Deed must be registered with the concerned RoF.
If you need help with this, feel free to visit us at https://www.legalwiz.in/change-i.... For urgent assistance, call us at 1800 313 4151 or drop an e-mail at support@legalwiz.in.
To register your business in organised form, there are number of options to such as Private Limited Company, LLP, One Person Company, Partnership Firm, etc. based on the requirements and strategy of the business.
Considering Private Limited Company as most popular organisation structure, the process is prescribed below in 4 simple steps:
Application of DSC for Directors
Reservation of Name under which company will carry on its business
Drafting of necessary Documents and their execution
Application for registration and PAN and TAN
There are number of aspects one has to look into before stepping for registration. Recommended is to also look into the post registration aspects of the business including the organisation specific and industry specific.
Referred read:
All you need to know for registering a company
Post registration checklist for private limited company
For personalised assistance, reach us on call at 1800 313 4151 or drop an e-mail at support@legalwiz.in.
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The Government fee on company registration has been waived off for the small companies having authorised capital up to INR 10 Lakh. However, the Stamp Duty shall be paid to concerned State Government. Further, for application of Name Approval, the charges of INR 1000 shall be payable to the Government in addition.
LegalWiz.in provides the company registration at the affordable cost of Rs 9,999, which includes following in span of 12 to 15 days:
Expert assisted process
All expenses and Government fee
2 Director Identification Numbers (DIN)
2 Digital Signature Certificates (DSC) of Directors
Name Approval Application
MOA and AOA Drafting
Application for company incorporation
Certificate of Incorporation
PAN Number
TAN Number
You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in