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Start a Business
Frequently Asked Question
This type of organization in characterized by the fact that ownership and management is separate.
The capital of the Company is provided by a group of people called shareholder who entrust the management of the Company in the hands of persons known as Board of Directors.
These are closely held businesses usually by family, friends and relatives.
Private companies may issue stock and can have maximum of 200 shareholders.
However, their shares do not trade on public exchanges and are not issued through an initial public offering.
Click on Get Quotation tab above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.
No charges for requirement list and Quotation.
The following types of Business entitles are available in India:
- Private Limited Company
- Public Limited Company
- One Person Company
- Producer Company
- Section 8 Company
- Limited Liability Partnership
- Partnership
- Sole Proprietorship
- Separate Legal Existence
- Limited Liability
- Flexibility of Ownership
- Separation of Ownership and Management
- Tax Planning
- Perpetual Succession
- Easy Transferability
- Borrowing Power
- Minimum 2 Director
- Minimum 2 Shareholder
- DIN (Director Identification Number for all Director)
- DSC (Digital Signature Certificate for one of the Directors)
- No Minimum Share Capital Required
- The Director and Shareholder can be same
It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013.
Every individual, intending to be appointed as a director of the company, can file an application for allotment of DIN.
Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs) will allot the DIN.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.
Physical documents are signed manually, similarly, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.
The Memorandum of Association (MOA) states the main and ancillary objects of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
Authorized capital is the maximum amount of share capital for which a company can issue shares. Authorized capital can be increased by company at any time with shareholders’ approval.
Paid up share capital of a company is the amount of money for which share were issued to the shareholder and for which payment was made by shareholder. Paid up capital will always be less than the authorized capital as the company can not issues shares above its authorize capital.
Well, it completely depends on what you want to do. If you are a single person doing business and are not going to raise any outside investment for at least 3 years then OPC suits you best. Or if you are planning to raise funds then go for Private Ltd registration.
A LLP is typically preferred by Lawyers, Doctors, Designers and other professionals.
A company registration process is a legal process that usually takes 8-15 days for registration. However, a fixed time line can not be committed due to legalities involved in the due process.
No, the process is completely online these days and MCA does not issue a Printed copy. We can provide the printed copy.
On receipt of the certificate of incorporation a newly formed company can start the business operations.
- PAN
- TAN
- Shop Act
- VAT
- Profession Tax
- Service Tax
- Provident Fund
- ESIC
Yes, you can register a company at your residential address as having a commercial space is not necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process of change of company address is very easy and it can be done within hours if the new address is within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms and conditions mentioned in his/her employment agreement may have some clauses that might require an expert advice. We recommend you to speak to us before proceeding in order to make an informed and wise decision.
Yes, an existing company can be converted into any other form of business entity by complying the provisions of Companies Act, 2013.
| Particulars |
One Person Company |
Private Limited Company |
Limited Liability Partnership |
| Recommended For |
Solo promoters |
Start-ups and growing companies |
Professional services firms |
| Limited Liability Protection |
Yes |
Yes |
Yes |
| Tax Advantages |
Few benefits |
Few benefits |
Most Beneficial |
| Perpetual Existence |
Yes |
Yes |
Yes |
| Statutory Compliances |
High |
High |
Low |
| Registration Authority |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
| Management |
A single Director is required and a nominee as a successor |
Minimum 2 Directors are required |
Minimum 2 Partners are required |
| Board Meeting |
2 Board Meetings to be held in a year |
4 Board Meetings to be held in a year |
No such requirement |
| Statutory Auditor |
Mandatory appointment |
Mandatory appointment |
Mandatory Appointment if, capital contribution exceeds Rs.25 Lacs or Turnover Exceeds Rs.40 Lacs |
| Fines & Penalties |
Limited |
Limited |
Unlimited |
| Creditworthiness |
Medium |
High |
Medium |
| Conversion |
Can be converted to Private Limited and Public Limited |
Can be converted to Public Limited and LLP |
No provision for Conversion |
No Hidden charges. Every details regarding charges are mentioned in the Quotation file sent to you.
Frequently Asked Question
This type of organization in characterized by the fact that ownership and management is separate. The capital of the Company is provided by a group of people called shareholder who entrust the management of the Company in the hands of persons known as Board of Directors. Public Limited companies can sell share on the stock exchange are Public Limited companies.
Click on Get Quotation tab above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.
No charges for requirement list and Quotation.
The following types of Business entitles are available in India:
- Private Limited Company
- Public Limited Company
- One Person Company
- Producer Company
- Section 8 Company
- Limited Liability Partnership
- Partnership
- Sole Proprietorship
- Separate Legal Existence
- Limited Liability
- Flexibility of Ownership
- Separation of Ownership and Management
- Tax Planning
- Perpetual Succession
- Easy Transferability
- Borrowing Power
- Minimum 3 Director
- Minimum 7 Shareholder
- DIN (Director Identification Number for all Director)
- DSC (Digital Signature Certificate for all the Directors)
- Minimum Share Capital of Rs. 5,00,000/-
- The Director and Shareholder can be same
It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013.
Every individual, intending to be appointed as a director of the company, can file an application for allotment of DIN.
Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs) will allot the DIN.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.
Physical documents are signed manually, similarly, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.
The Memorandum of Association (MOA) states the main and ancillary objects of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
Authorized capital is the maximum amount of share capital for which a company can issue shares. Authorized capital can be increased by company at any time with shareholders’ approval.
Paid up share capital of a company is the amount of money for which share were issued to the shareholder and for which payment was made by shareholder. Paid up capital will always be less than the authorized capital as the company can not issues shares above its authorize capital.
Well, it completely depends on what you want to do. If you are a single person doing business and are not going to raise any outside investment for at least 3 years then OPC suits you best. Or if you are planning to raise funds then go for Private Ltd registration.
A LLP is typically preferred by Lawyers, Doctors, Designers and other professionals.
A company registration process is a legal process that usually takes 8-15 days for registration. However, a fixed time line can not be committed due to legalities involved in the due process.
No, the process is completely online these days and MCA does not issue a Printed copy. We can provide the printed copy.
On receipt of the certificate of incorporation a newly formed company can start the business operations.
- PAN
- TAN
- Shop Act
- VAT
- Profession Tax
- Service Tax
- Provident Fund
- ESIC
Yes, you can register a company at your residential address as having a commercial space is not necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process of change of company address is very easy and it can be done within hours if the new address is within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms and conditions mentioned in his/her employment agreement may have some clauses that might require an expert advice. We recommend you to speak to us before proceeding in order to make an informed and wise decision.
Yes, an existing company can be converted into any other form of business entity by complying the provisions of Companies Act, 2013.
| Particulars |
One Person Company |
Private Limited Company |
Limited Liability Partnership |
| Recommended For |
Solo promoters |
Start-ups and growing companies |
Professional services firms |
| Limited Liability Protection |
Yes |
Yes |
Yes |
| Tax Advantages |
Few benefits |
Few benefits |
Most Beneficial |
| Perpetual Existence |
Yes |
Yes |
Yes |
| Statutory Compliances |
High |
High |
Low |
| Registration Authority |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
| Management |
A single Director is required and a nominee as a successor |
Minimum 2 Directors are required |
Minimum 2 Partners are required |
| Board Meeting |
2 Board Meetings to be held in a year |
4 Board Meetings to be held in a year |
No such requirement |
| Statutory Auditor |
Mandatory appointment |
Mandatory appointment |
Mandatory Appointment if, capital contribution exceeds Rs.25 Lacs or Turnover Exceeds Rs.40 Lacs |
| Fines & Penalties |
Limited |
Limited |
Unlimited |
| Creditworthiness |
Medium |
High |
Medium |
| Conversion |
Can be converted to Private Limited and Public Limited |
Can be converted to Public Limited and LLP |
No provision for Conversion |
No Hidden charges. Every details regarding charges are mentioned in the Quotation file sent to you.
Frequently Asked Question
It is registered company who has only one person as a member or shareholder. It is a private company registered under the Companies Act, 2013. A One Person Company (OPC) will be treated as a Private Limited Company.
Fill the Enquiry Form above, and you will receive the required documents list & quotation in few seconds in your mailbox.
No charges for obtaining requirement list and Quotation.
The following types of Business entitles are available in India:
- Private Limited Company
- Public Limited Company
- One Person Company
- Producer Company
- Section 8 Company
- Limited Liability Partnership
- Partnership
- Sole Proprietorship
- Separate Legal Existence
- Limited Liability
- Flexibility of Ownership
- Separation of Ownership and Management
- Tax Planning
- Perpetual Succession
- Easy Transferability
- Borrowing Power
- Minimum 1 Director
- One Shareholder
- One Nominee
- DIN (Director Identification Number for all Director)
- DSC (Digital Signature Certificate for one of the Directors)
- Minimum Share Capital of Rs. 1,00,000/-
- The Director and Shareholder can be same
In case the paid up share capital of an OPC exceeds fifty lakh rupees or its average annual turnover exceeds during the relevant period exceeds two crore rupees, then the OPC has to mandatorily convert into private or public company.
The OPC shall inform RoC in form INC-5 within 60 days, if the threshold limits is exceeded and is required to be converted into private or public company.
The Memorandum of Association (MOA) states the main and ancillary objects of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
Authorized capital is the maximum amount of share capital for which a company can issue shares. Authorized capital can be increased by company at any time with shareholders’ approval.
Paid up share capital of a company is the amount of money for which share were issued to the shareholder and for which payment was made by shareholder. Paid up capital will always be less than the authorized capital as the company can not issues shares above its authorize capital.
Well, it completely depends on what you want to do. If you are a single person doing business and are not going to raise any outside investment for at least 3 years then OPC suits you best. Or if you are planning to raise funds then go for Private Ltd registration.
A LLP is typically preferred by Lawyers, Doctors, Designers and other professionals.
Only a natural person who is an Indian citizen and resident in India shall be eligible to act as a member and nominee of an OPC. The term "resident in India" means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one financial year.
A person can be member in only one OPC.
Where a natural person, being member in One Person Company becomes a member in another OPC by virtue of his being a nominee in that OPC, then such person shall meet the eligibility criteria of being a member in only one OPC within a period of one hundred and eighty days, i.e., he/she shall withdraw his membership from either of the OPCs within one hundred and eighty days.
- PAN
- TAN
- Shop Act
- VAT
- Profession Tax
- Service Tax
- Provident Fund
- ESIC
Yes, you can register a company at your residential address as having a commercial space is not necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process of change of company address is very easy and it can be done within hours if the new address is within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms and conditions mentioned in his/her employment agreement may have some clauses that might require an expert advice. We recommend you to speak to us before proceeding in order to make an informed and wise decision.
Yes, an existing company can be converted into any other form of business entity by complying the provisions of Companies Act, 2013.
| Particulars |
One Person Company |
Private Limited Company |
Limited Liability Partnership |
| Recommended For |
Solo promoters |
Start-ups and growing companies |
Professional services firms |
| Limited Liability Protection |
Yes |
Yes |
Yes |
| Tax Advantages |
Few benefits |
Few benefits |
Most Beneficial |
| Perpetual Existence |
Yes |
Yes |
Yes |
| Statutory Compliances |
High |
High |
Low |
| Registration Authority |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
| Management |
A single Director is required and a nominee as a successor |
Minimum 2 Directors are required |
Minimum 2 Partners are required |
| Board Meeting |
2 Board Meetings to be held in a year |
4 Board Meetings to be held in a year |
No such requirement |
| Statutory Auditor |
Mandatory appointment |
Mandatory appointment |
Mandatory Appointment if, capital contribution exceeds Rs.25 Lacs or Turnover Exceeds Rs.40 Lacs |
| Fines & Penalties |
Limited |
Limited |
Unlimited |
| Creditworthiness |
Medium |
High |
Medium |
| Conversion |
Can be converted to Private Limited and Public Limited |
Can be converted to Public Limited and LLP |
No provision for Conversion |
No Hidden charges. Every details regarding charges are mentioned in the Quotation file sent to you.
Frequently Asked Question
Limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. A Limited Liability Partnership, popularly known as LLP combines the advantages of both the Company and Partnership into a single form of organization. Limited Liability Partnership is managed as per the LLP Agreement.
Fill the Enquiry Form above, and you will receive the required documents list & quotation in few seconds in your mailbox.
No charges for obtaining requirement list and Quotation.
The following types of Business entitles are available in India:
- Private Limited Company
- Public Limited Company
- One Person Company
- Producer Company
- Section 8 Company
- Limited Liability Partnership
- Partnership
- Sole Proprietorship
- Separate Legal Existence
- Limited Liability
- Flexibility of Ownership
- Separation of Ownership and Management
- Tax Planning
- Perpetual Succession
- Low cost of Formation
- Easy to establish
- Easy to manage & run
- No requirement of any minimum capital contribution
- No restrictions as to maximum number of partners
- Less Compliance level
- No exposure to personal assets of the partners except in case of fraud
- Borrowing Power
- Minimum 2 Designated Partners
- Minimum 2 Partners
- At least 1 of the designated partners shall be an Indian Resident
- If a body corporate is a partner, it has to nominate a natural person as its nominee
- The Designed Partner and Partner can be same
- DPIN (Designated Partner Identification Number for all Designed Partners)
- DSC (Digital Signature Certificate for all Designated Partners)
- There is no requirement of Minimum Contribution.
It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013.
Every individual, intending to be appointed as a director of the company, can file an application for allotment of DIN.
Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs) will allot the DIN.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.
Physical documents are signed manually, similarly, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.
Currently there is no regulation prohibiting LLP from carrying on activities related to NBFC but as a matter of precaution before initiating any such activitiy, it is advisable to contact Reserve Bank of India.
In reference to LLP, contribution can be termed as, What a partner is contributing towards the Limited Liability Partnership for running of his business.
Contribution in case of LLP is alike Share Capital in case of Company.
A contribution of a partner may consist of tangible, movable or immovable or intangible property or other benefit to the limited liability partnership, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed.
Yes, the Contribution of LLP would be provided under the LLP Agreement and the same can be increased by way of amendement in the LLP Agreement.
Well, it completely depends on what you want to do. If you are a single person doing business and are not going to raise any outside investment for at least 3 years then OPC suits you best. Or if you are planning to raise funds then go for Private Ltd registration.
A LLP is typically preferred by Lawyers, Doctors, Designers and other professionals.
No, the process is completely online these days and MCA does not issue a Printed copy. We can provide the printed copy.
Yes, but the terms and conditions for such withdrawal shall be provided in the LLP Agreement.
- PAN
- TAN
- Shop Act
- VAT
- Profession Tax
- Service Tax
- Provident Fund
- ESIC
As per the LLP Act 2008, the LLP Agreement will define the requirement related to contribution and therefore , the LLP Agreement may also provide for NIL contribution from the Partners. So, LLP can also be incorporated without any contribution from the partners but this scenario has its own practical problems.
Every LLP shall be under obligation to maintain annual accounts reflecting true and fair view of its state of affairs. A Statement of Accounts and Solvency shall be filed by every LLP with the Registrar of LLP every year.
The Designated Partners would be responsible for the doing of all acts, matters and things as are required to be done by the limited liability part¬nership in respect of compliance of the provisions of this Act.
Yes, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLP to incorporate a LLP in India. But till date necessary guidelines in respect of foreign investment in LLP are not issued, they cannot incorporate the same.
| Particulars |
One Person Company |
Private Limited Company |
Limited Liability Partnership |
| Recommended For |
Solo promoters |
Start-ups and growing companies |
Professional services firms |
| Limited Liability Protection |
Yes |
Yes |
Yes |
| Tax Advantages |
Few benefits |
Few benefits |
Most Beneficial |
| Perpetual Existence |
Yes |
Yes |
Yes |
| Statutory Compliances |
High |
High |
Low |
| Registration Authority |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
| Management |
A single Director is required and a nominee as a successor |
Minimum 2 Directors are required |
Minimum 2 Partners are required |
| Board Meeting |
2 Board Meetings to be held in a year |
4 Board Meetings to be held in a year |
No such requirement |
| Statutory Auditor |
Mandatory appointment |
Mandatory appointment |
Mandatory Appointment if, capital contribution exceeds Rs.25 Lacs or Turnover Exceeds Rs.40 Lacs |
| Fines & Penalties |
Limited |
Limited |
Unlimited |
| Creditworthiness |
Medium |
High |
Medium |
| Conversion |
Can be converted to Private Limited and Public Limited |
Can be converted to Public Limited and LLP |
No provision for Conversion |
No Hidden charges. Every details regarding charges are mentioned in the Quotation file sent to you.
Frequently Asked Question
Section 8 Company is named Section 8 of the Companies Act, 2013, which pertains to a established \'for promoting commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other objects provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. Therefore, Section 8 Company or Section 25 Company is a company registered under the Companies Act, 2013 for charitable or not-for-profit purposes.
A Section 8 Company is similar to a Trust or Society; expect, a section 8 Company is registered under the Central Government\'s Ministry of Corporate Affairs. Trusts and Societies are registered under State Government regulations. A section 8 company has various advantages when compared to Trust or Society like improved recognition and better legal standing. Section 8 company also has higher credibility amongst donors, Government departments and other stakeholders.
Click on Get Quotation tab above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.
No charges for requirement list and Quotation.
The following types of Business entitles are available in India:
- Private Limited Company
- Public Limited Company
- One Person Company
- Producer Company
- Section 8 Company
- Limited Liability Partnership
- Partnership
- Sole Proprietorship
- Many privileges and exemptions under Company Law.
- Exemption from requirement of Minimum Paid-up capital.
- Exemption of Stamp duty for registration.
- Non-application of Companies Auditor\'s Report Order (CARO) 2003.
- Registered partnership firm can be a member in its own capacity.
- Tax deductions to the donors of the Company u/s. 80G of the Income Tax Act.
- Legal Entity
- Perpetual Succession
- Raising Donation from Public
- Minimum 2 Director
- Minimum 2 Shareholder
- DIN (Director Identification Number for all Director)
- DSC (Digital Signature Certificate for one of the Directors)
- Minimum Share Capital of Rs. 1,00,000/-
- The Director and Shareholder can be same
Yes, only object with non-profit motive can able to register themselves for Section -8 company.
Yes, you can convert your Section-8 Company into Private Limited Company in future and options are available.
The Memorandum of Association (MOA) states the main and ancillary objects of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
The Director required to be above 18 years of age and must be a natural person. He may or may not be citizen or residence of India. We can say that even foreign nationals can be Directors in Indian Section 8 Company.
No, INC-29 is not applicable for Section-8 Company. Since, there is need for getting license from the RD for Section 8 companies, INC-29 facilities are not available for this particular company.
Well, it completely depends on what you want to do. If you are a single person doing business and are not going to raise any outside investment for at least 3 years then OPC suits you best. Or if you are planning to raise funds then go for Private Ltd registration.
A LLP is typically preferred by Lawyers, Doctors, Designers and other professionals.
A company registration process is a legal process that usually takes 8-15 days for registration. However, a fixed time line can not be committed due to legalities involved in the due process.
No, the process is completely online these days and MCA does not issue a Printed copy. We can provide the printed copy.
On receipt of the certificate of incorporation a newly formed company can start the business operations.
- PAN
- TAN
- Shop Act
- VAT
- Profession Tax
- Service Tax
- Provident Fund
- ESIC
Yes, you can register a company at your residential address as having a commercial space is not necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process of change of company address is very easy and it can be done within hours if the new address is within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms and conditions mentioned in his/her employment agreement may have some clauses that might require an expert advice. We recommend you to speak to us before proceeding in order to make an informed and wise decision.
Yes, an existing company can be converted into any other form of business entity by complying the provisions of Companies Act, 2013.
| Particulars |
One Person Company |
Private Limited Company |
Limited Liability Partnership |
| Recommended For |
Solo promoters |
Start-ups and growing companies |
Professional services firms |
| Limited Liability Protection |
Yes |
Yes |
Yes |
| Tax Advantages |
Few benefits |
Few benefits |
Most Beneficial |
| Perpetual Existence |
Yes |
Yes |
Yes |
| Statutory Compliances |
High |
High |
Low |
| Registration Authority |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
| Management |
A single Director is required and a nominee as a successor |
Minimum 2 Directors are required |
Minimum 2 Partners are required |
| Board Meeting |
2 Board Meetings to be held in a year |
4 Board Meetings to be held in a year |
No such requirement |
| Statutory Auditor |
Mandatory appointment |
Mandatory appointment |
Mandatory Appointment if, capital contribution exceeds Rs.25 Lacs or Turnover Exceeds Rs.40 Lacs |
| Fines & Penalties |
Limited |
Limited |
Unlimited |
| Creditworthiness |
Medium |
High |
Medium |
| Conversion |
Can be converted to Private Limited and Public Limited |
Can be converted to Public Limited and LLP |
No provision for Conversion |
No Hidden charges. Every details regarding charges are mentioned in the Quotation file sent to you.
Frequently Asked Question
Producer Company is a company registered under the Companies Act, 2013, which has the objective of production, harvesting, procurement, grading, pooling, handling, marketing, selling and export of primary produce of the Members or import of goods or services for their benefit. Produce are things that have been produced or grown, especially by farming. Therefore, a Producer Company deals primarily with agriculture and post harvest processing activities.
Click on Get Quotation tab above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.
No charges for requirement list and Quotation.
The following types of Business entitles are available in India:
- Private Limited Company
- Public Limited Company
- One Person Company
- Producer Company
- Section 8 Company
- Limited Liability Partnership
- Partnership
- Sole Proprietorship
- Animal Husbandry: breeding or caring of animals in the farm
- Horticulture: Producing, growing plants, fruits or vegetables
- Floriculture: Growing Flowers
- Pisciculture: Fish farming
- Viticulture: Producing grapes
- Forestry: Preserving forest
- Re-vegetation: Rebuilding or replanting disturbed land
- Bee raising: keep bees to collect honey
- Minimum 5 Director
- Minimum 10 Shareholder
- DIN (Director Identification Number for all Director)
- DSC (Digital Signature Certificate for all the Directors)
- Minimum Share Capital of Rs. 1,00,000/-
- The Director and Shareholder must be the Farmer
Only farmer can be the member of Producer Company.
Producer companies can take the advantages of various central and state government schemes and obtain subsidies for projects.
The Memorandum of Association (MOA) states the main and ancillary objects of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
Authorized capital is the maximum amount of share capital for which a company can issue shares. Authorized capital can be increased by company at any time with shareholders’ approval.
Paid up share capital of a company is the amount of money for which share were issued to the shareholder and for which payment was made by shareholder. Paid up capital will always be less than the authorized capital as the company can not issues shares above its authorize capital.
Well, it completely depends on what you want to do. If you are a single person doing business and are not going to raise any outside investment for at least 3 years then OPC suits you best. Or if you are planning to raise funds then go for Private Ltd registration.
A LLP is typically preferred by Lawyers, Doctors, Designers and other professionals.
A company registration process is a legal process that usually takes 8-15 days for registration. However, a fixed time line can not be committed due to legalities involved in the due process.
No, the process is completely online these days and MCA does not issue a Printed copy. We can provide the printed copy.
On receipt of the certificate of incorporation a newly formed company can start the business operations.
- PAN
- TAN
- Shop Act
- VAT
- Profession Tax
- Service Tax
- Provident Fund
- ESIC
Yes, you can register a company at your residential address as having a commercial space is not necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process of change of company address is very easy and it can be done within hours if the new address is within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms and conditions mentioned in his/her employment agreement may have some clauses that might require an expert advice. We recommend you to speak to us before proceeding in order to make an informed and wise decision.
Yes, an existing company can be converted into any other form of business entity by complying the provisions of Companies Act, 2013.
| Particulars |
One Person Company |
Private Limited Company |
Limited Liability Partnership |
| Recommended For |
Solo promoters |
Start-ups and growing companies |
Professional services firms |
| Limited Liability Protection |
Yes |
Yes |
Yes |
| Tax Advantages |
Few benefits |
Few benefits |
Most Beneficial |
| Perpetual Existence |
Yes |
Yes |
Yes |
| Statutory Compliances |
High |
High |
Low |
| Registration Authority |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
Registrar of Companies (ROC) |
| Management |
A single Director is required and a nominee as a successor |
Minimum 2 Directors are required |
Minimum 2 Partners are required |
| Board Meeting |
2 Board Meetings to be held in a year |
4 Board Meetings to be held in a year |
No such requirement |
| Statutory Auditor |
Mandatory appointment |
Mandatory appointment |
Mandatory Appointment if, capital contribution exceeds Rs.25 Lacs or Turnover Exceeds Rs.40 Lacs |
| Fines & Penalties |
Limited |
Limited |
Unlimited |
| Creditworthiness |
Medium |
High |
Medium |
| Conversion |
Can be converted to Private Limited and Public Limited |
Can be converted to Public Limited and LLP |
No provision for Conversion |
No Hidden charges. Every details regarding charges are mentioned in the Quotation file sent to you.
Frequently Asked Question
A Foreign National or an entity incorporated outside India can invest and own a Company in India by acquiring shares of the company, subject to the FDI Policy of India. In addition, a minimum of one Indian Director who is a Indian Resident, is required for incorporation of an Indian Company along with an address in India.
Investment and acquisition of equity shares of a Company can be broadly divided into two categories: investment under automatic route and investment under Government approval route.
The automatic route requires no requirement of any prior regulatory approval for investment in equity shares of an Indian business and only post facto filing/intimation with the Reserve Bank of India within 30 days of receipt of investment money in India and filing of prescribed documents and particulars of allotment of shares within 30 days of allotment of shares to foreign investors.
Click on Get Quotation tab above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.
No charges for requirement list and Quotation.
The following types of Business entitles are available in India:
- Joint Venture Company
- Wholly owned Subsidiary Company
- Limited Liability Partnership
- Liaison Office
- Representative Office
- Project Office
- Branch Office
- Separate Legal Existence
- Limited Liability
- Flexibility of Ownership
- Separation of Ownership and Management
- Tax Planning
- Perpetual Succession
- Easy Transferability
- Borrowing Power
- Minimum 2 Director
- Minimum 2 Shareholder
- DIN (Director Identification Number for all Director)
- DSC (Digital Signature Certificate for all the Directors)
- Minimum Share Capital of Rs. 1,00,000/-
- The Director and Shareholder can be same
- At least 1 of the Director shall be an Indian Resident
Foreign Companies can set up their operations in India by strategic alliances with Indian partners.
Joint Venture may entail the following advantages for a foreign investor:
- Established distribution/ marketing set up of the Indian partner
- Available financial resource of the Indian partners
- Established contacts of the Indian partners which help smoothen the process of setting up of operations
Foreign companies can set up wholly owned subsidiary in India in such sectors where 100% foreign direct investment is permitted under the FDI policy.
. Liaison office acts as a channel of communication between the principal place of business or head office and entities in India. Liaison office cannot undertake any commercial activity directly or indirectly and cannot, therefore, earn any income in India. Its role is limited to collecting information about possible market opportunities and providing information about the company and its products to prospective Indian customers. It can promote export/import from/to India and also facilitate technical/financial collaboration between parent company and companies in India. Approval for establishing a liaison office in India is granted by Reserve Bank of India (RBI).
Foreign Companies planning to execute specific projects in India can set up temporary project/site offices in India. RBI has now granted general permission to foreign entities to establish Project Offices subject to specified conditions. Such offices cannot undertake or carry on any activity other than the activity relating and incidental to execution of the project. Project Offices may remit outside India the surplus of the project on its completion, general permission for which has been granted by the RBI.
Foreign companies engaged in manufacturing and trading activities abroad are allowed to set up Branch Offices in India for the following purposes:
- Export/Import of goods
- Rendering professional or consultancy services
- Carrying out research work, in which the parent company is engaged
< li> Promoting technical or financial collaborations between Indian companies and parent or overseas group company
- Representing the parent company in India and acting as buying/selling agents in India
- Rendering services in Information Technology and development of software in India
- Rendering technical support to the products supplied by the parent/ group companies
A branch office is not allowed to carry out manufacturing activities on its own but is permitted to subcontract these to an Indian manufacturer. Branch Offices established with the approval of RBI, may remit outside India profit of the branch, net of applicable Indian taxes and subject to RBI guidelines Permission for setting up branch offices is granted by the Reserve Bank of India (RBI).
The Memorandum of Association (MOA) states the main and ancillary objects of the proposed company.
The Articles of Association (AOA) contains the rules and procedures for the routine conduct of the proposed company.
A company registration process is a legal process that usually takes 8-15 days for registration. However, a fixed time line can not be committed due to legalities involved in the due process.
No, the process is completely online these days and MCA does not issue a Printed copy. We can provide the printed copy.
On receipt of the certificate of incorporation a newly formed company can start the business operations.
- PAN
- TAN
- Shop Act
- VAT
- Profession Tax
- Service Tax
- Provident Fund
- ESIC
Yes, you can register a company at your residential address as having a commercial space is not necessary to get a company in India.
Yes, a company’s address can be changed after acquiring a commercial space. The process of change of company address is very easy and it can be done within hours if the new address is within the same city.
Yes, legally a salaried person can become a director of a company. However, the terms and conditions mentioned in his/her employment agreement may have some clauses that might require an expert advice. We recommend you to speak to us before proceeding in order to make an informed and wise decision.
Yes, an existing company can be converted into any other form of business entity by complying the provisions of Companies Act, 2013.
| Particulars |
Liaison Office |
Project Office / Branch Office |
Company |
LLP |
| Legal status |
Represents the parent company |
Extension of parent company |
Independent legal status | Independent legal status |
| Setting up requirements |
Prioir approval of RBI required |
Prior approval of RBI required for BO (other than undertaking manufacturing and service activities in SEZ's), Prior approval not required to set up PO if certain conditions are fulfilled |
If activities / sector fall under the ambit of the automatic route, no prior approval required but only post-facto filings to be undertaken with the RBI. In other cases, GoI / FIPB approval required and thereafter post-facto filings required to be undertaken with RBI | Foreign investments allowed in sectors, which are under 100% automatic route with prior GOI / FIPB approval. The sectors should also not be subject to performance linked conditions |
| Permitted activities | Only liaison / representation / communication role permitted. No commercial or business activities allowed to be undertaken | Activities listed / permitted by RBI allowed to be undertaken, manufacturing and processing activities (except in SEZ units) not permitted for BO. PO is permitted to undertake only specific activities in relation and incidental to the execution of the project |
Any activity specified in the memorandum of association of the company. Wide range of activities permitted, subject to FDI guidelines | LLP should be engaged in sectors / activities for which 100% FDI is allowed without any approal. LLP's with foreign investment will not be elgible to make any downstream investments |
|---|
| Funding of local operations |
Local expenses to be met out of inward remittances received from abroad from the head office through normal banking channels |
Local expenses to met through inward remittances from head office or from earnings from permitted operations |
Funding to be through equity or other forms of permitted capital infusion or borrowings (local as well as oerseas as per prescribed norms) or internal accruals | Contribution in the capital of the LLP should be through inward remittance or by debit to NRE/FCNR account of the designated partner. LLP's are not eligible to raise ECB |
| Limitation of liability |
Parent company liable for acts of LO |
Parent company liable for acts of BO/PO |
Liability limited to the extent of equity participation in the Indian company | Liability of the partners is limited to their agreed contribution to the LLP except in case of fraud, wrongful act, etc |
| Compliance requirements under companies act |
Registration and periodical filing of accounts / other documents |
Registration and periodical filing of accounts / other documents |
Significantly high statutory compliance and filing requirements | Registration with ROC required. Filing annual accounts and submitting annual statement on solvency |
| Compliance requirements under foreign exchange management regulations |
Required to file an annual activity certificate (from auditors in India with RBI). In case of multiple LO's the nodal office could file a combined annual activity certificate with respect to all its offices in India |
Required to file an annual activity certificate (from auditors in India with RBI) In case of multiple BO's the nodal office could file a combined annual activity certificate in respect of its offices in India |
Required to file periodic and annual filings relating to foreign liabilities and assets, reciept of capital and issue of shares to foreign investors | No filing requirements prescribed as of now |
| Compliance requirements under the Income tax act |
Since LO is not permitted to undertake any business activity in India, it is typically not subject to tax in India. Howeer, LO is required to undertake annual compliance by filing annual information in the precribed form |
Liable to be taxed on income earned at the rate applicable to foreign corporations. 40% plus surcharge and education cess. In case above tax is not applicable than MAT is considered to be applicable to BO/PO at rate of 18.5% plus surcharge and education cess of its book profits. No further tax on repatriation of profits, which are permissible in both cases. Indian transfer pricing regulations are applicable |
Liable to be taxed on global income at 30% plus surcharge and education cess on a net income basis. In case above tax is not applicable than Subsidiary company liable to MAT of its book profits. Dividend declared freely remittable but subject to distribution tax of 15% plus surcharge and edu. cess on dividends, pursuant to which dividend is tax free for all shareholders.Distribution tax to be paid only on amount of dividend. |
Liable to be taxed on global income at 30% plus education cess on net income basis. In case above tax is not applicable then LLP liable to MAT at the rate of 18.5% plus cess of its book profits no DDT leived on profit dustribution and Indian transfer pricing regulations are applicable. |
| Permanent establishment (PE) |
LO's generally do not constitute PE under DTAA due to limited scope of actvities in India. However, if the activities of the LO go beyond the realm of preparatory or auxiliary character as provided for in the DTAA, a PE/taxable presence is likely to be constituted |
Generally constituting a PE and a taxable presence under DTAA and domestic IT proisions |
An independent taxable entity and not a PE of the foreign company | An independent taxable entity; however, whether interest in LLP results in PE for a foreign partner, is still an ambiguous position under LLP |
| Repatriation of funds on ongoing basis |
Typically the LO is not permitted to undertake any business activity in India; as such,there may not be any repatriations from the LO. However, in case of closure of the LO, any surplus money may be repatriated with RBI approval |
Approval not required for remittance of post-tax profits to the HO outside India, subject to filing of requisite documents to the RBI |
Subsidiary does not require any approval for remittance of post-tax profits; dividends declared will be subject of distribution tax | LLP does not rquire any approval for remittance of post tax profits |
| Exit mechanism |
Prioir approval of RBI, ROC and income tax authorities |
Prioir approval of RBI, ROC and income tax authorities |
Exit can be through sale of shares or winding up or liquidation |
Foreign partner permitted to transfer its stake in LLP and can also dissolve the LLP |
No Hidden charges. Every details regarding charges are mentioned in the Quotation file sent to you.
Frequently Asked Question
Foreign Direct Investment in LLP is allowed only if it is under the scheme of RBI. Any form of foreign investment in an LLP, direct or indirect (regardless of nature of 'ownership' or 'control' of an Indian Company) shall require Government/FIPB approval.
The basic premise behind the introduction of Limited Liability Partnership (LLP) is to provide a form of business organization that is simple to maintain while at the same time providing limited liability to the owners. A Limited Liability Partnership combines the advantages of both the Company and Partnership into a single form of organization and one partner is not responsible or liable for another partner's misconduct or negligence.
Click on Get Quotation tab above and fill the details, you will receive required documents list & quotation in few seconds in your mailbox.
No charges for requirement list and Quotation.
- Separate Legal Existence
- Limited Liability
- Flexibility of Ownership
- Separation of Ownership and Management
- Tax Planning
- Perpetual Succession
- Easy Transferability
- Borrowing Power
- Minimum 2 Designated Partners
- Minimum 2 Partners
- At least 1 of the designated partners shall be an Indian Resident
- If a body corporate is a partner, it has to nominate a natural person as its nominee
- The Designed Partner and Partner can be same
- DPIN (Designated Partner Identification Number for all Designed Partners)
- DSC (Digital Signature Certificate for all Designated Partners)
- There is no requirement of Minimum Contribution.
It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 153 & 154 of the Companies Act, 2013.
Every individual, intending to be appointed as a director of the company, can file an application for allotment of DIN.
Central Government (Office of Regional Director (Northern Region), Ministry of Corporate Affairs) will allot the DIN.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.
Physical documents are signed manually, similarly, electronic documents, for example e-forms are required to be signed digitally using a Digital Signature Certificate.
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