A Private Limited Company Registration is the most popular form of corporate legal registration in India. Registrar of Companies (ROC) appointed under Section 396(2) of the Companies Act, 2013 by the Ministry of Corporate Affairs (MCA), is vested with the primary duty of registering companies and of ensuring that such companies comply with the statutory requirements of the Act. A company shall be registered with the ROC of the state under whose jurisdiction the proposed company’s registered office will be situated. It can be initiated with a minimum of two Directors (Individuals only) and two Shareholders (Individuals or Corporate entities). Both Directors and Shareholders may or may not be the same person.

A Non Profit Organisation in India, registered under Companies Act 2013, as Section 8 Company with a non-profit motive. Objective of Section 8 Companies are promotion of arts, commerce, charity, education, protection of environment, science, social welfare, sports, research, religion and intends to apply its profits, if any, or other income in promoting its objects. It functions exactly like a limited company including all the rights and obligations that come with such a company.

However, it differs from a company in one very crucial aspect, i.e. it cannot use the words “Section 8” or “Limited” in its name. Section 8 Company is most popular form of NGO in India. It is easy to register, run or manage.

The income of the Section 8 Company must be used to promote only charitable objects and cannot pay any dividend to the members of the company.

Microfinance Company is a small primary financial institution that provides small loans and other credit facilities to stakeholders. Such financial institutions would provide loans to SMEs and other form of institutions that easily don’t get credit facilities from banks. It is important to register this institution which the concerned authorities.

Under section 2(62) of companies act 2013 a new concept was introduced and that was one person company which has only one person as a member. One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.

One Person Company must be converted into a Private Limited Company if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies. But, OPC cannot be incorporated or converted into Section 8 Company (i.e. company with charitable objects, etc.) or carry out non-banking financial activities, including investment in securities of any body corporate.

An Indian resident (i.e. have stayed in India for at least 182 days during the immediately preceding FY) can incorporate OPC. However, one of such person cannot form more than one OPC.

Food Safety and Standards Authority of India (FSSAI) has been established under the Food Safety and Standards Act, 2006 which is a consolidating statute related to food safety and regulation in India. (FSSAI) is an autonomous body established under the Ministry of Health & Family Welfare, Government of India. The FSSAI appoints food safety authorities on the state level. This act also sets up the formulation and enforcement of food safety standards in India. FSSAI license or FSSAI registration is mandatory any food business. Therefore, any food manufacturing or processing or packaging or distributing entity is now required to obtain a FSSAI License or Registration.

Nidhi Company governed in India by Companies Act 2013, and define under section 403, and is belongs to the non banking Indian finance sector. Nidhi Companies are regulated by Ministry Of Corporate Affairs (MCA).

Nidhi Companies are incorporated with the object of developing the habit of thrift and reserve funds amongst its members and also receiving deposits and lending to its members only for their mutual benefits.

Nidhi Company must have minimum 3 directors. All the Nidhi Company shall have the last word as “Nidhi Limited” as a part of its name. Nidhi Company is easy and economic to register.