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Private Limited Company is one of the popular forms of business entities in India. Approximately 90% of companies in India are registered under Private Limited Company. There are more than 150,000 companies registered on a yearly basis. It is a separate legal entity with limited liability and perpetual existence incorporated now under the Companies Act, 2013.
Number of Directors- Minimum 2 and Maximum 15.
Number of shareholders- Minimum 2 and maximum 200. However, one person can act as both director and shareholder.
Citizenship- At least one director should hold Indian Citizenship.
Minimum Authorized Share Capital Rs. 100,000 (INR One Lac)
Passport Size Photograph
Copy of PAN Card
Copy of Electricity Bill
Sale Deed (if owned)
Copy of Aadhar Card
Address Proof (Bank Statement/Mobile/Telephone Bill)
Copy of Rent Agreement(if rented)
NOC
Stage 1: Application for Company Name Reservation
Stage 2: DSC (Digital Signature) of two directors
Stage 3: Application for Certificate of Incorporation by submitting Final Documentation (like AOA, MOA, Consent Letters, and Business Address Proof etc.) including an application for DIN, PAN & TAN.
LLP has now come up as one of the most preferred legal entities for Professionals as well as service organisations owing to the flexibility attached under the Limited Liability Partnership Act.
There is flexibility with respect to the structuring of management and ownership as well as a lesser number of compliances as compared to a private limited company.
There should be a minimum number of 2 Designated Partners for any LLP and they should procure Director Identification Number and Digital Signature for registration of the LLP. LLP registration normally is more time consuming as compared to a private limited Company.
The biggest advantage of the LLP form of business over a Pvt Ltd Company is in the fact that there is less compliance requirement in comparison to a Company.
Minimum 2 Partners
No minimum Capital requirement to form an LLP
Two Colour Photographs of Promoters/Individuals/ Company/ Director
PAN Card of each Shareholder and directors
Identity Proof (Voter ID / Driving License/ Passport)
Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
Proof of Registered Office
Utility Bill as proof must be Latest
Stage 1: DSC (Digital Signature) of two partners
Stage 2: DIN (Directors Identification Number) of two partners
Stage 3: LLP Name Approval from ROC
Stage 4: Certificate of Incorporation is generated by Submitting Final Documentation (like Subscription Page, Business Address Proofs, etc.)
Stage 5: LLP Agreement will be prepared and submitted to ROC
Stage 6: Application for PAN & TAN
One Person Company (OPC) is another form of organisation newly provided under the Companies Act, 2013 wherein the entity can be incorporated with a single member. It has all the protection and responsibilities as available to a Private Company with the major change that the number of shareholders that are required to incorporate the Company is 1. Once the Company achieves a certain turnover level, the OPC has to get converted into a Private Limited Company.
The promoter also can choose to convert the Company voluntarily once the Company is in operation for a certain period of time. The Director of the Company should have a Director Identification Number and the subscriber has to procure a Digital Signature for OPC registration. Process of incorporation is online and it takes 10-15 working days from the date you give your complete documents to us and subject to availability of the proposed name.
1 Shareholder
1 Director
1 Nominee
Director and Shareholder is one and the same person
Minimum Share Capital shall be Rs. 100,000 (INR One Lac)
Passport Size Photograph
Copy of PAN Card
Copy of Electricity Bill
Sale Deed (if owned)
Copy of Aadhar Card
Address Proof(Bank Statement/Mobile/Telephone Bill)
Copy of Rent Agreement(if rented)
NOC
Stage 1: DSC (Digital Signature) of director
Stage 2: DIN (Directors Identification Number) of director
Stage 3: OPC Name Approval from ROC
Stage 4: Certificate of Incorporation is generated by Submitting Final Documentation (like AOA, MOA, Subscription Pages, Consent Letters, Business Address Proofs, etc.)
Stage 5: Application for PAN & TAN