Registration of Trust A Trust is formed when an owner of a property (trustor) transfers it to a person known as a trustee, for the benefit of a third party known as the beneficiary. There are two types of trust- Public Trust and Private Trust. Trust is governed by and registered under the Indian Trust Act, 1882. Eligibility/Requirements of Trust Incorporation · Minimum of two trustees. · Forming Trust Deed. Documents required for Trust Incorporation 1.Proof of identity of the trustors and trustees. Such documents include Aadhaar, PAN, Passport, Driving license or any other   Government-issued identity document would be required. (Self-attested copy) 2.Proof of address of the trustors and trustees. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills. (Self-attested copy) 3.No Objection Certificate from the owner of the Address to   be used as a Registered Office address 4.In the case of leased property, the copy of the lease deed and copy of the Electricity bill   / Water bill / Gas Bill / Telephone Bill for registered office property   (should not be older than 2 months). 5.In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill for registered office property (should not be older than 2   months). 6.Trust deed on Non Judicial stamp paper. 7. Passport Sized Photograph of all the members. Advantages of Trust · Management continues even after the disability of the member. · Better control over assets. · Investment management remains uninterrupted. · Flexibility of using funds. Disadvantages of Trust · High incorporation cost. · Cash can be accessed by creditors. · Not so responsive to changes. · Property has to be re-registered in the name of trust which involves cost. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

Nidhi Company is incorporated with the sole object of encouraging the habit of thrift and saving among its members, receiving deposits, and also lending the same to its members only. All its transactions lie with its members only. The Company is registered under the Companies Act 2013 and managed as per RBI’s Guidelines. The capital is raised from its members only. Eligibility/requirements for registering Nidhi Company · Minimum of 3 directors. · Minimum of 7 shareholders/members. · Minimum capital requirement of Rs.5 lakhs. · Business for the mutual benefit of members only. · Business objective of saving and lending money. Requirements after registration of Nidhi Company · No. Of members must 200+at the end of 1st year. · NOF should be Rs.10 lakh or more · NOF to deposit ratio should not be exceeding 1:20. (i.e. NOF:Deposits = 1:20) · Unencumbered deposits should be not less than 10 % of outstanding deposits. Documents required to register Nidhi Company 1. Passport-sized photographs of directors. 2.Proof of identity of all the shareholders and directors.   Such documents include Passport, Driving license, Voter Id (Self-attested copy) 3. Proof of address of all the directors and the shareholders. Such documents include bank statements, electricity bill, water   bill, gas bill and telephone (should not be older than 2 months) (Self-attested copy) 4. · No   Objection Certificate from the owner of the Address to be used as a   Registered Office address. · In the case of leased property, the copy of the lease deed and copy of the Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for   registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill (should not be older than 2   months) for registered office property. 5. Indian nationals are mandatorily required to provide an attested copy of PAN 6. Foreign nationals must submit attested passport copies. 7. Memorandum of Association (MOA) and Articles of association (AOA) Advantages of Nidhi Company · Limited liability of members. · More credible. · Access to public funds is permitted. · Ease of registering and processing the business. · Limited RBI Regulations Disadvantages of Nidhi Company · Cannot issue shares and debentures. · Cannot accept deposits from the Public. · Filing of annual financial statements is compulsory. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

A producer company is formed by primary goods producers for mutual benefits from the production done in the company. This company also accepts deposits from its members and provides them loans. It is registered under and governed by the Companies Act, 2013. Eligibility/Requirements for opening a Producer Company · Minimum of 10 members who are producers (individual). · Or, Minimum of 2 institutions as members who are involved in production activity. · Minimum capital of Rs.5 lakh. · Minimum 5 persons to be acting as directors. Documents required for registration of Producer Company 1. Proof of identity of all the members and directors. Such documents include   Passport, Driving license, Voter Id (Self-attested copy) 2.Proof of address of all the directors and members. Such documents include bank   statements, electricity bill, water bill, gas bill, and telephone (should not   be older than 2 months) (Self-attested copy) 3. Indian   nationals are mandatorily required to provide an attested copy of PAN 4. Foreign nationals must submit attested passport copies. 5. · No   Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill (should not be older than 2   months) for registered office property. Advantages of Producer Company · Members receive bonus shares. · Members receives patronage bonus out of surplus income. · Certain tax benefits are available subject to the company’s agricultural activities. · Members can get the credit facility easily. Disadvantages of Producer Company · Lack of capital available. · Less competitive ability of members leads to lack of efficiency in running a business. · Transparency of business leads to a lack of secrecy. · Extreme government regulations. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

HUF business is done by joint families in India where they pool resources from ancestral property. It is headed by Karta of the family who is generally the oldest male member of the family. Eligibility/Requirements for registration of HUF · Presence of Joint family. · Hindus, Buddhists, Jain’s, and Sikhs can form Hindu Undivided Family. · Presence of ancestral property. Documents required for registration of HUF 1. PAN of   the Karta 2. Driving   License/Passport/Voter ID 3. Electricity   Bill or any other utility bill for the address proof 4. HUF deed Advantages of HUF · Tax benefits. · Minor can be a member. · It is recognized in the whole of India except Kerala. Disadvantages of HUF · Dissolution on the partition of family. · All members have equal rights irrespective of anything. · Any addition to family becomes a member. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

NBFC are those companies that provide various financial and non-financial services. NBFC is a Private or Public Limited Company registered under the Companies Act, 2013, and also has to obtain a Certificate of Registration from RBI. They work differently from commercial banks and cooperatives and do not need to hold a banking license. Eligibility/Requirements for registering NBFC · Good credit stores with no defaults. · Minimum Net Owned Fund (NOF) of Rs.2 crores. · Business plan for next five years. · 1/3rd of the total number of directors must possess finance experience · Registration is compulsory. · If foreign investment involved, then the company must comply with FEMA Act. Documents required for registration of NBFC 1. Proof of identity of all the shareholders and directors. Such documents include   Passport, Driving license, Voter Id (Self   attested copy) 2. Proof of address of all the directors and the shareholders. Such documents include   bank statements, electricity bill, water bill, gas bill and telephone (should   not be older than 2 months) (Self-attested copy) 3. Certificate   of Incorporation, MOA, and AOA of the company 4. Proof of address of the company. 5. Company’s GST number and PAN card copy. 6. Net worth certificate of Directors Shareholders and company. 7. Educational qualification proof of Directors. 8. Resolution from the company’s member of the Board for approval of its formation. 9. Bank account details of the company with NOF deposited in it and well audited for the last 3 years. 10. Report from the bank with no lien remark on the initial NOF. 11. Organizational structure's plan and Information Technology Policy of the company. Advantages of NBFC · Largest source of ushering finance into the country. · It can underwrite stocks and shares. · It can do wealth management activities. · It can provide loans and credit facilities. · Easy recovery of the loan. Disadvantages of NBFC · It cannot accept demand deposits. · It is having a stringent regulative mechanism. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

A society is a business done to serve society by a group of members and not to earn profits. It is registered as a legal entity under The Societies Registration Act, 1860. It is generally formed for charitable activities. Eligibility/Registration for registration of HUF · The objective shall be legal and for charitable, scientific, and literary purposes. · Minimum of 7 members. Documents required for registration of Society 1.· No   Objection Certificate from the owner of the Address to be used as a Registered Office address. · In the case of leased property, the copy of the lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill (should not be older than 2 months) for registered office property. · In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill (should not be older than 2   months) for registered office property. 2. Proof of identity of all the members. Such documents include Aadhaar, Passport,   Driving license or any other Government-issued identity document would be required. (Self-attested copy) 3. Proof of address of all the members.   Such documents include bank statements, electricity bill, water bill, gas bill, and telephone (should not be older than 2 months) (Self-attested copy) 4. PAN of all the members. 5. Affidavit no. 1 for NOC of registered office and its ownership. 6. Affidavit no. 2 for the name of the society and members not being related to each other. 7. MOA Process of registration of HUF It includes- 1.  Selection of name. 2. Creation of MoA and signing MoA by all members after required document submission. Advantages of Society · Having contractual rights being a separate legal entity. · Exempted from income tax. · Limited liability of members. · Having secured assets. Disadvantages of Society · Transparency leads to a lack of secrecy. · Undue government interventions. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

Section 2 (62) of the Companies Act, 2013 defines “One Person Company means a company which has only one person as a member. The One Person Company is an advancement of sole proprietorship form of business. There is only one person who acts as a promoter and director who have full control over the company. It is registered under the provision of the Ministry of Corporate Affairs (MCA). Eligibility/Requirements for registering One Person Company · Only a natural person who is an Indian Citizen whether a resident of India or not is eligible. So NRI’s are also eligible to incorporate OPC’s. · Any company or LLP or business with financial activities cannot register an OPC. · A natural person shall not be a member of more than a One Person Company at any point of time and the said person shall not be a nominee of more than a One Person Company · Nominee (a natural person who is an Indian Citizen whether a resident of India or not) must be appointed during registration. Documents required for registering a One Person Company. 1. Proof of identity of the shareholder. Such documents include a Passport /Driving license / Voter   ID Card. 2. Proof of address of the shareholder. Such documents include bank statements /electricity bill /gas bill/telephone bill. 3. Memorandum of Association (MOA) and Articles of association (AOA). 4. Passport   size photograph of Shareholder 5. Consent   of the Nominee of the OPC in INC 3 6.No Objection Certificate from the owner of the Address to be used as a Registered Office address. 7. In the case of leased property, the copy of lease deed and copy of Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property. 8. In case of owned property, copy of sale deed and copy of  Electricity bill / Water bill /Gas Bill / Telephone Bill for registered office property.     Advantages of One Person Company · Less compliances to be maintained. · Status of separate legal entity. · Perpetual existence. · Great opportunity for small business to expand. · Having contractual rights. · Full Control over the Company with a Single Owner · Easy to raise funds and loans · NRI’s can also incorporate OPC · OPC can be converted into Private Limited Company / Public Limited Company by following the provision of Companies (Incorporation) Rules, 2014 and Private Limited Company can be converted into OPC by following the provision of Companies (Incorporation) Rules without meeting any of the criteria’s as to paid-up share capital beyond 50 lakh rupees and average annual turnover during the relevant period exceeds 2 crores. · The requirement of compulsory conversion on exceeding the specified turnover or paid-up capital is done away with and now the One Person Company can grow without any restriction. Drawbacks of One Person Company · A foreign national, minor, or any corporate entity cannot participate in One Person Company. · OPC cannot carry out Non-Banking Financial Investment activities including investment in securities of any body corporates. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

Limited Liability Partnership is a combination of Corporation and Partnership business. LLP contains elements of both ‘a corporate structure’ as well as ‘partnership firm structure’; it is many a time termed as a hybrid of a company and a partnership. The liability of the partners is limited just like any company but unlike the company’s shareholder's partners have the right to manage the business. LLP is incorporated under LLP Act, 2008 read with LLP Rules,2009. Requirements/Eligibility for registering LLP. · Legal partnership agreement. · Legal business objects. · Minimum of two-person to be acting as a Designated Partner. · Registered office for LLP. · Capital Contribution. · One designated partner must be a resident of India. · Name of the LLP must be unique.  Documents required for registration of LLP  1. Proof of identity of the Partners. Such documents include   Passport, Driving license, Voter Id (Self-attested copy). 2. Proof of address of the Partners. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills (should not be older than 2 months). 3. Indian nationals are mandatorily required to provide an attested copy of PAN 4. Foreign nationals must submit an attested passport copy. 5. No Objection Certificate from the owner of the Address   to be used as a Registered Office address 6. In the case of leased property, the copy of the lease deed and copy of the Electricity bill / Water bill / Gas Bill / Telephone Bill for registered office property (should not be older than 2 months). 7. In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill for registered office property (should not be older than 2 months). Advantages of LLP · Status of separate legal entity. · Possesses contractual rights. · Corporations can be owners in LLP. · Limited liability of partners while enjoying features of the company. Disadvantages of LLP · Transparency of business leads to a lack of secrecy. · LLP running with less than 2 members has to be dissolved. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

A Trust is formed when an owner of a property (trustor) transfers it to a person who is known as the trustee, for the benefit of a third party who is known as the beneficiary. There are two types of trust- Public Trust and Private Trust. Trust is governed by and registered under the Indian Trust Act, 1882. Eligibility/Requirements of Trust Incorporation · Minimum of two trustees and Forming Trust Deed. Documents required for Trust Incorporation 1. Proof of identity of the trustors and trustees. Such documents include Aadhaar, PAN, Passport, Driving license or any other   Government-issued identity document would be required. (Self-attested copy) 2. Proof of address of the trustors and trustees. Such documents include bank statements, electricity bills, water bills, gas bills, and telephone bills. (Self-attested copy) 3. No Objection Certificate from the owner of the Address to   be used as a Registered Office address 4. In the case of leased property, the copy of the lease deed and copy of Electricity bill   / Water bill / Gas Bill / Telephone Bill for registered office property   (should not be older than 2 months). 5. In case of owned property, copy of sale deed and copy of Electricity bill / Water bill /Gas Bill /   Telephone Bill for registered office property (should not be older than 2   months). 6. Trust deed on Non Judicial stamp paper and Passport Sized Photograph of all the members. Advantages of Trust- Management continues even after the disability of the member. Better control over assets. Investment management remains uninterrupted. The flexibility of using funds. Disadvantages of Trust- High incorporation cost. Cash can be accessed by creditors. Not so responsive to changes. Property has to be reregistered in the name of trust which involves cost.  So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker

A sole proprietorship is the most common and simplest form of business owned, controlled, and managed by a single person. It is having the least number of formalities to be done as compared to other forms of business. Eligibility/Requirements for registering a Sole Proprietorship Business · A legal business objective. · Sole person who will run the business. Documents required for registration of Sole Proprietorship business. 1. Identity proof which includes documents like Aadhar card, voter ID card, etc. 2. Address proof which includes water bill, electricity bill, or any other utility bill. 3. PAN card property of the sole proprietor. 4. Any license in case the business requires. Ways to register Sole Proprietorship in India. 1. Register under the Shop and Establishment Act. 2. Get a Udyog Aadhaar under the Ministry of MSME. 3. Get a GST registration. Process of registration of Sole Proprietorship business The process of sole proprietorship registration with us requires you to 1. submit documents and fill our form and we will file them to authorities and, 2. we will intimate you about the registration once the authorities approve it. Advantages of Sole proprietorship business · No need to file financial statements to any authority. · Ease of starting a business. · Can be started with less cost. · Less legal compliances required. · Only one person is required to start a business. · Owners have complete and direct control over all decision making Disadvantages of sole proprietorship business · Unlimited liability of the proprietor. · fewer sources of funds available. · Becomes difficult to be managed by a single person when business grows at a very fast pace. · Business continuity ends with the death or departure of the owner So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | Instagram We are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates : Listen on Spotify  | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast  | Breaker