Company Registration

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How it Works?

Company Registeration Process of eDrafter

Types of Company Registration

Private Limited Company (Pvt Ltd) Registration

This is the most complete form of incorporation for companies who are looking to scale there businesses in the best way.

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Limited Liability Partnership (LLP) Registration

LLP is the best kind of registration for partners who want limited liablitilities.

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One Person Company (OPC) Registration

This is similar to PVT LTD company but there is only one owner/director of the company.

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Detailed Comparison between types of Companies

Aspect PVT LTD OPC LLP
Act The Company Act 2013 The Company Act 2013 The LLP Act 2008
Minimum Number of Directors/Partners At least 2 Directors Required At least 1 Directors Required Minimum 2 Partners will be required
Maximum Number of Directors/Partners Maximum 15 Directors a Company Can Have Maximum 15 Directors a Company Can Have No Limit
Maximum Members/Shareholders Maximum 200 Members/Shareholders are allowed Only One No Limit
Authorized Capital Minimum 1 Lakh Minimum 1 Lakh No Minimum Capital Required
Eligibility Criteria Any Person May Form a Private Limited Company, but any of them should be an Indian Resident A Person who is Resident of India Any two Person who is Major and at least one of them must be an Indian Resident
Put After Name Pvt Ltd OCP LLP
Liability of Shareholders/Partners Shareholder’s Liability is Limited to their Allotted Capital Liability is Limited to Member’s Capital Liability of Partners is Limited to their Agreed Contribution
Any Changes in Business Filling Form 32 with ROC Filling Form INC-4 with ROC Filling Form 3 with ROC
Existence A Private Limited Company has a Perpetual Succession since any changes will not affect its existence. A Private Limited Company has a Perpetual Succession since any changes will not affect its existence. A LLP Company has a Perpetual Succession since any changes will not affect its existence.
Transfer of Ownership Can Transfer Ownership by Transferring Share Can Transfer Ownership LLP Ownership is Wholly or Partly Transferable.
Business Conversion Can Be Converted into LLP, OPC or LTD Can be Converted into LLP or PVT LTD LLP Can be Converted into Company
Maintaining Books of Accounts Mandatory Mandatory Mandatory
Maintaining Books of Statutory Records Mandatory Mandatory Mandatory
Provision for Public Deposit Sec. 73 of The Company Act 2013 Sec. 73 of The Company Act 2013 No Provision
Provision for Loan to Directors Sec. 185 of The Company Act 2013 Sec. 185 of The Company Act 2013 No Provision
Board/Partners Meeting First Meeting should be held within 30 Days from Incorporation, After First Meeting Minimum 4 Meeting in a Calendar year Should be Hold. NA Not Required
Statutory Audit Mandatory Mandatory In Case Turnover is More than 40 Lakh or Partners Contribution Exceeds 25 Lakh.
Internal Audit Companies Having Turnover of 200 Crore are applicable for Internal Audit NA NA
Income Tax Audit Turnover above 1CR Turnover above 1CR Turnover above 1CR
Income Tax Rate 25% 25% 30%
Income Tax Return ITR-6 ITR-6 ITR-5