A company is a legal entity formed by a group of individuals who are engaged to form a business. The company has certain rules and responsibilities as a person the members should obey those liabilities. There is some difference between the people who have control over the affairs of a Company and the people who actually own it, this is the main feature of a company.
Limited liability partnership (LLP) is a partnership in which all the partners or some of them having limited liabilities. It, therefore, can exhibit partners and corporations. In LLP each partner is not responsible for the misbehaviour or misconduct of others.
The one person company defines there must be at least one member regarding section 2(62) of the Companies Act. It is a company with one shareholder as its member. OPC is formed when there is only the founder/promoter for the business.
The Private Limited Company must have a minimum of two members and two directors. The maximum number can extend up to 50 members. The total capital amount is formed with shares and every shareholder is the partner for this capital. The name of PVT LTD should end with Private Limited.
The capital share defines the maximum amount of shares that can be issued by the company. The paid capital is the sum of capitals issued by the company to shareholders. Authorized capital can be increased after the company registration at any time to issue additional shares to the shareholders.
The person whose age limit is more than 18 can be the director of the company. There are no restrictions or boundaries in the case of residency or citizenship. Likewise, an NRIs and foreign nationals can easily register and manage the Pvt Ltd company in India.
The registered office of a company must be a state of India. Because every communication is sent by the MCA, government agencies, financial organizations, etc are through the registered office.
ROC means the registrar of companies which is a government office. All the companies are registered with ROC. In Tamilnadu and Maharashtra, there are two ROC offices. But apart from this two, other states have only one ROC. Here in Tamilnadu companies are registered at Chennai and Coimbatore ROCs.
DIN is a Director Identification Number and is a unique identification number. It is mandatory for the director. The name defines everything about DIN. ROC offices are the main resources of DIN. It is similar to PAN card number. DIN is really mandatory to be mentioned in the document when we appointing a person as the director of the company.
DSC is a form of codes, and more it is an electronic signature. It cannot be applied for physical documents. It is mainly used to sign electronics form, company incorporation forms with ROC, etc.
There is no requirement of the promoters to be present at the time of online company registration. Because all the forms are filed on the web portal and by the use of DSC there is no need of Physical signature. Also, the mail and other data’s are sent through the mail and at last uploaded on the portal.