COMPANY REGISTRATION IN INDIA
Company in India can be registered as early as within 48 Hours. Company can be registered completely online. MMA provides hassle free online company registration services at any place across India. Company can be registered by foreign nationals, Indian nationals or NRI. It can be completed in 3 simple steps - Name Approval, DSC application and then filing the relevant forms with Ministry of Corporate Affairs. The shareholders in the Indian company can be individuals, HUF, Limited Liability Partnership Firms or other companies.
PRIVATE LIMITED COMPANY
No Minimum Capital Requirement
Limited Liability of Members
Minimum 2 and maximum 200 members
Transferability of shares restricted
Privileges and exemptions from compliances
Incorporate if you have partners and want to raise funds
Lower Income Tax Rates
LIMITED LIABILITY PARTNERSHIP
Ease of formation
Separate Legal Entity
No Limit on number of partners
Easy distribution of profits
Companies can become partner
ONE PERSON COMPANY
Individual can form One Person Company (OPC)
Corporate structure to sole proprietorship business
Limited Liability of owner
Can appoint upto 15 Directors
Appoint a nominee of the OPC
Benefit of lower Income Tax Rate
The Answers You Need
Do I need to be physically present during this process?
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
Are two directors necessary for a private limited company registration?
Yes, a minimum of two directors are needed for a private limited company. The maximum members can be 200. You can register as a one person company, if you are the sole owner of the company.
Can the director of a private limited company be a salaried person?
Yes, a salaried person can become the director in a private limited, LLP or OPC private limited company. One needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company.
Can the limited liability partnership (LLP) be converted to a private limited company or vice versa?
Yes, one can convert private limited company to LLP and LLP to private limited company subject to applicable provisions of Limited Liability Partnership Act, 2008 and The Companies Act, 2013.
Is it mandatory to appoint Nominee in case of OPC?
Yes, it is mandatory to nominate a person, at the time of incorporation, with his prior consent in the Form INC-3.
Can OPC be converted to private company?
Yes, OPC can be converted to Private Company either voluntarily or mandatorily.
For mandatory conversion, in case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover of immediately preceding three consecutive financial years exceeds two crore rupees, then the OPC has to mandatorily convert itself into private or public company.
Can one register a private limited company on their home address?
Yes, the company can be registered at the owner's home address. A copy of the utility bill is required to be submitted.
I am an NRI. Can I start an LLP business in India?
Yes, non-resident Indians and foreign nationals who are willing to enter into an LLP partnership can do so, provided they submit the necessary documents after getting them notarized by the concerned authorities. Although, at least one of the designated partners in an LLP should be an Indian national.
What is the minimum number of partners required to start LLP?
According to the LLP Act, a minimum of two designated partners are required to start an LLP. The designated partners are responsible for fulfilling all the essential requirements involved in starting and running an LLP.
Is it cheaper to run an LLP than a private limited company?
Yes, it is much cheaper to run an LLP than a private limited company, particularly in your early startup days. This is because many compliances, such as an audit, apply to LLPs only after their turnover is sizable. Most LLPs spend about half as much as a private limited company in their first year on registrations and compliance work.