Limited Company (ltd if seven or more people decide to start a company, they can look at any of the above option or setting up a limited company. The procedure for setting up ltd company is almost similar to setting up pvt ltd company, register at Registrar of Companies (roc the cost of setting up ltd is higher than setting up pvt ltd. Want to set up a charitable organization, ngo or educational Institution can look at the following options. Section 8 Company : (Read More, how mothers to start a trust section 8 Company under Company Act 2013 ) If two or more people decide to start a school or charitable organization can look at setting up Section 8 Company. To start Section 8 company, one has to prepare memorandum and Articles of Association (along with other documents) and get it registered under Registrar of Companies (ROC) Trust If three or more people decide to start a charitable organization, they can create a either. To start a trust one has to prepare a trust deed and get it registered at Sub-Registrars Office society If seven or more people decide to start a charitable organization, they can set up either Section 8 Company or a trust or a society. To start a society one has to prepare bye laws of the society and get it registered at Registrar of Societies.
Private limited Company (pvt ltd) read More, how to start a private limited company this is an alternative to partnership firm. The procedure and the cost of horse setting up are higher than setting up partnership firms. For starting a private limited company, one has to prepare memorandum of Association and Articles of Association (along with other documents) and get it registered under Registrar of Companies (ROC). The registration process will take around 30 working days. Limited liability partnership llp this is an alternative to partnership firm and private limited company. The procedure and the cost of setting up is higher than setting up firm, but lower than setting up Private limited company. For starting a llp, one has to prepare a partnership deed (along with other documents) and get it registered under Registrar of Companies (ROC). The registration process will take around 25 working days.
It is a new type of entity introduced by the companies Act, 2013. For starting an opc, one has to file relevant documents and get it registered under Registrar of Companies (ROC). Two or more people jointly planning to start a business can look at the following options. Partnership Firm read More, setting up a partnership firm if two or more people join together to start a business, they can look at setting up Partnership Firm. This is also an easy and reasonably cheaper option of starting a business. For setting partnership Firm, one has to prepare a partnership deed and get it registered under Registrar of Firms (ROF). The registration process will take around 20 working days.
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To set up new business one has to register under various Acts. For our easy understanding, we can divide setting up process into two broad categories, namely. In this article, we will discuss about Entity registration. Entity registration means setting up a structure or type of venture you can chose from. Only after entity registration, one can start the process of business registration. After obtaining entity and business registrations, business can be started. . The various options of entity registrations available in India are as under.
Any one person planning to start a business can look at the following options. Proprietary concern read More, is setting up proprietary concern a bad idea? proprietary concern can be started by only one person. This is the easiest and most cost effective way of starting a business, for setting proprietary concern, there is no entity registration is required. . One person Company (OPC) read More, corporate Status to proprietary concern a new initiative in India this is as an alternative to proprietary concern. As on date, only the Indian residents are allowed to set up opc.
The only other comparable vessel might be Allseas' Amazing Grace - an enormous twin-hulled construction ship due to be built over the coming years. Its job will be to lift offshore platforms, however, not process gas. Without more projects for gas production, industry watchers worry that, in about five years' time, demand for natural gas could outstrip supply. There is the "spectre of an lng supply shock in the early 2020s" looming, says Stuart Elliott, gas editor at data provider s p global Platts. The problem could be particularly pronounced in Asia - especially China. "Last year, Chinese production increased by 8, but they're not able to keep up with the growth of demand says Mr Dubreuil.
"we expect their needs for imports will grow over time.". In fact, the iea thinks that China will be importing 43 of its natural gas by 2040. This supply will need to be reliable if the country wants to avoid the gas shortages it experienced last winter - caused, ironically, by a botched attempt to cut coal use. Image copyright Getty Images Image caption beijing has switched from coal to gas for its power as air pollution worsened. In the meantime, there is some hope that the unexpectedly speedy growth of renewables - particularly solar and wind - will help to plug the gap. But there's little doubt that over the next few decades many countries, including the uk, will be heavily reliant on gas for their energy needs. Prelude and Ichthys are due to come online soon, but neither Shell nor Inpex will commit publicly to a start date. And with wholesale natural gas prices currently half what they were in early 2014, such multi-billion dollar projects may never recoup their outlay. As climate change climbs to the top of the world's agenda, funding such huge fossil-fuel extraction projects - impressive feats of engineering as they are - will look increasingly risky.
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"We need new projects to meet demand for gas in the early 2020s he explains. "We needed projects to be sanctioned last year and that didn't happen, we only saw one.". That single project will be built by Italy's oil and gas giant Eni. A floating facility off the coast of mozambique, it will have a slightly smaller capacity than Prelude -.4 million tonnes of lng per year versus Prelude's.6 million. The capacity of Ichthys will be much bigger,.9 million tonnes. "There's so far no other similar projects under the radar says jean-Baptiste dubreuil from the International Energy Agency. Image copyright Allseas Image caption Allseas' pioneering Spirit twin-hulled vessel can lift an entire oil rig off its legs.
Image copyright inpex australia image caption Inpex's completed Ichthys Venturer sails out the harbour in July 2017. Collectively, inpex has dubbed these bits of mega-infrastructure Ichthys - ancient Greek for fish. However, both projects have been beset by delays and spiralling costs, which may be why neither company was prepared to talk to the bbc for this feature. The pressure to start drawing gas first is obviously intense. The race for Browse basin gas has even ignited competition on an international scale. Australia may overtake qatar to become the world's top exporter of liquefied natural gas (LNG) once Ichthys and Prelude production is in full swing. But will any future vessel match or even exceed the scale of Prelude? Mr kavonic says the fossil fuel industry isn't likely to try to build one any time soon.
never achieved on such a scale before. Image copyright Magnum Photos, some serious technology is involved in making this happen. Prelude has high-capacity pumps that can draw 50 million litres of water from the sea every hour to help cool down the natural gas. Once liquefied, it is then stored in massive storage tanks with a volume equivalent to 175 Olympic swimming pools. And this all has to keep going even through the worst imaginable weather. Prelude's hefty mooring chains are designed to survive category 5 cyclones. While Inpex has opted for sending its gas onshore for liquefaction, it also has a huge offshore semi-submersible platform to extract water and impurities from the gas first. And nearby, there is a floating storage and off-loading facility called Venturer.
Media playback is unsupported on your device. Media captionThe bbc's science editor david Shukman took a look at the Prelude in 2014. Although they are working on separate gas fields, those fields are connected. Shell and Inpex are essentially vying for the same resource. "The way i describe it - i have a slide i present to clients and I have a picture of two people drinking out of the same milkshake says saul kavonic, an analyst at energy consultancy wood Mackenzie. Prelude is a true behemoth. The largest vessel the world has ever seen. It has been designed not only essay to collect gas from sub-sea well heads, but also liquefy it on board at temperatures of -162C.
The battle of the gas-sucking mega giants is set
Image copyright Shell Image caption Shell's Prelude is the largest sea-faring vessel ever built. Off the coast of Western Australia, a battle between mega giants is unfolding. The combatants involve the world's biggest semi-submersible platform, the longest sub-sea pipeline in the southern hemisphere, and the largest floating facility ever built. They're all there for the same reason: natural gas - and they're hoping to antenna start drawing it up this month. As several countries begin to move away from coal as an energy resource, this alternative fossil fuel, which produces 50 less carbon dioxide for every unit of energy generated, is increasingly in demand in our energy hungry world. Consumption is forecast to rise to 177 trillion cubic feet (tcf) or 5,012 billion cubic metres by 2040, up from 124tcf in 2015, says the us energy Information Administration. That's why Shell's gigantic Prelude platform - which is 488m (1,600ft) long and displaces roughly as much water as six aircraft carriers - is competing with Japanese firm Inpex for access to gas in the Browse basin.