Ashish Dange & Associates

PRIVATE LIMITED COMPANY

A Private Limited Company is a privately held small business entity. A private limited company is governed by Companies Act,2013.
Minimum number of shareholders required to start a private limited company is two while the upper limit of members is 200 in accordance with the Companies Act,2013.
If a private limited company faces financial risk, its shareholders are not liable to sell their individual assets i.e. they have limited liability.
There must be minimum two directors and maximum 15 directors for a private limited company and a director must be 18 years above in age.
A foreign national can become a director of private limited company India.
It is compulsory to add private limited (pvt ltd) to the name of a private limited company India.
Minimum paid up capital amount for a private limited company is Rs. 1 Lakh.

Share capital amount and proposed ratio for holding share.
A short description of the company and the business.
Name of the city where the registered office of the company is located.
Ownership and sale deed (In case your own premise).
Identity proof of the Directors and Shareholders (PAN Card).
Address proof of the registered office (Electricity bill, telephone bill etc.)
Address proof of the Director or the Shareholder (Voter ID, Passport, Driving license etc.)
A duplicate copy of the latest electricity bill, telephone bill, or mobile bill for directors.
Occupation details of directors as well as shareholders.
Email address of the directors and shareholders.
Contact details of directors and shareholders.
Passport size photo of directors and shareholders.
In case the property is on rent then you need to submit a copy of rent agreement with No Objection Certificate (NOC) from the landlord.
Affidavits for non- acceptance.
NOC for a change in the original subscribers of MOA.
MoA and the AoA subscriber sheets.
PAN Card of the company.
In case you are a foreign national subscriber then you need to provide Nationality proof.

Limited Liability Partnership (LLP) is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.
As the name suggests, partners in LLP have limited liability. This means that personal assets of the partners cannot be used for paying off the debts of the company.
Partners are liable only to the extent of their agreed contribution in the LLP.
The LLP is liable completely to the extent of its assets. Many entrepreneurs are opting for this, it has become a very popular form of business in the recent past.

Apply for Designated Partner Identification Number (DPIN).
Acquire digital signature certificate and register them on the portal.
The name of the LLP has to e approved by the Ministry. Name selection and approval are considered to be one of the hardest jobs due to the rules defined for the same. You can conduct a company name check here.
Once the LLP name is approved, one can proceed for LLP registration.

A one person company is a company which contains exactly one member.It is a separate legal entity from its promoter and the promoter has limited liability.
Entrepreneurs who are capable of starting a venture on their own can make use of one person company (OPC) in India.
In one person company, there is only one shareholder who is an Indian citizen and Indian resident i.e. stayed in India for at least 182 days in the preceding year.
Shareholder nominates another person as a nominee in case of death or incapacity of the shareholder. One person company was introduced in the companies act 2013 to encourage self-employment.
You can not incorporate more than one person company or be a nominee of more than one OPC.
Rules of OPC company do not permit Non-Banking Financial Institutions.

Identity proof of director and nominee(PAN card)
Address proof of director and nominee(Aadhar card, Driving Licence, Electricity bill, Passport)
Address proof of office (Rent agreement or sale deed, electricity bill, property tax receipt)
NOC from landlord
DSC and DIN of director
Passport photo of director

A firm or company established between two or more partners with the goal of earning profit is called as a Partnership Firm.
It is not compulsory to register a partnership firm but there are added advantages if a partnership firm is registered.
Partnership deed is the legal document which is created to form a partnership firm.
Indian Partnership Act 1932 is the governing law which regulates the partnership firms in India.As per the act “Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all”.
Maximum number of members in a partnership is 10 for a banking business and 20 for other businesses to enter into a partnership firm.
A partnership firm would be dissolved if the number of partners reduces below 2 in case of death,incapacitation or resignation of a partner.

When single person runs a business then such kind of business is called as proprietary business, and the owner of the business is called as proprietor.
Proprietorship is the most common form of the business which is used in India.
You can start and operate the business with minimum regulatory compliance.
However there is no full fledged way available to register your proprietorship by Indian Government.
Tax registration and other business registration’s is the right way to show existence of your proprietary business.
Following registrations can be used to show the existence of your proprietory Business