Private Limited Company

Private Limited Company is the most prevalent and popular type of corporate legal entity in India.

Registration is Governed by

Company Incorporation

Rule 2014

To Register a Private Limited Company (Requirements)

 

A Minimum of two Shareholders

 

Two Directors

A natural person can be both a director and shareholder, while a corporate legal entity can only be a shareholder. Further, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Unique features of a private limited company


  • Limited Liability
    Protection to
    Shareholders

     


  • Ability to raise equity
    funds

     


  • Separate Legal entity
    status

     


  • Perpetual Existance

     

Make it the most recommended type of business entity for millions of small and medium sized businesses that are family owned or professionally managed.

Ashok Kumar & Associate is the market leader in company registration services in India, offering a variety of company registration like:

 

Private Limited Company Registration

 

One Person Company Registration

 

Nidhi Company Registration

 

Sector 8 Company Registration

 

Producer Company Registration

 

Indian Subsidiary Registration

The average time taken to complete a company registration

* Subject to government processing time and client document submission

Get a free consultation on company registration and business setup in India by scheduling an appointment with an Next India Advisor

Questions? Contact Us On: +91 8795819311

Proprietorship

A proprietorship is a business that is owned and managed by a single person. You could have one up and running within 15 days, which makes it very popular among the unorganised sector, particularly small traders and merchants.

There is no such thing as registration; proprietorships are recognised by other registrations, such as a service tax registration or sales tax registration.

As you would imagine with a business that’s so easy to set up, though, its shortcomings are severe: the liability of the proprietor is unlimited and it does not have a continuous existence.

Partnership

A General Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. This structure is thought to have lost its relevance since the introduction of the Limited Liability Partnership (LLP) because its partners have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for General Partnerships.

One Person Company (OPC) Registration

The concept of One Person Company in India was introduced through the Companies Act, 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC, while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a 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.