Company Registration

Company Registration: To run any Startup, We have a company and many other things also. Here We will share the latest startup ideas, Government Schemes to get benefits from your Startup Ideas.

What is a Company?

An entity that is formed by an individual or group of people is called ‘Company’, if they are registered as per their country company law for business purposes. The main motive of the company is doing business for profit. but a company can work for nonprofit motive also if they are do something for social works for their country, state, or city. There are so many types of the company by Registration or nature of business. Each company has some rules and regulations which are forced by the company act 2013.


Here We will discuss the type of company on the basis of their Registration. Also, we will read about the minimum required and maximum allowed things for many particulars in the company formation.

Type of Company in India

As discussed in the above section a company type can be differed by nature of business and nature of registration. Now we explain all types of companies on the basis of registration. read carefully to difference and understand what type of company you want for registration.

Private Limited Company

A private limited company has some special characteristics. in the Private Limited Company, there is a minimum of two members are required and a maximum of 200 members can be appointed. Also, its share can be distributed maximum of 200 shareholders. It’s prohibited to offer its shares or securities publicly.

Characteristics of a Private Limited Company

ParticularsPrivate Limited Company
Minimum Members2 Members
Maximum Members200 Members
Minimum Directors2 Directors
Maximum Directors15 Directors
Transfer of OwnershipOwnership Can be Transfer through a share, Maximum 200 Shareholder Allowed in Pvt. Ltd. Company
Subscription of SharesPublic Subscription of shares is not Allowed in The Private Limited Company.
Issue of ProspectusNot Mandatory in Pvt. Ltd. Company
Managerial RemunerationNo Limit for Managerial Person in The Private Limited Company.
Commencement of Business/ OperationImmediately after Obtaining Certificate of Incorporation
Legal StatusPvt Limited Company is a seprate legel registered under companies act 2013, The Directors are lible for the defaults under the act
Govern Act/LawCompanies Act 2013
Foreign OwnershipInvestment Allowed Unser the Automatic Aproval Route in the Most sector
Annual Statury FillingsAnnual Statement of Accounts and Annual Returns with ROC
Annual FillingsIT-Returns to be Filed Mandatory
Characteristics of a Private Limited Company

Public Limited Company

A Public Limited Company can offer their shares Publicly through IPO. A Public Limited Company has at least 7 members and a minimum of 3 Directors. Here maximum no of the director is 15 but members no can be more as per company needs. A Public Limited Company also can be registered under the companies act 2013.

Characteristics of a Public Limited Company

ParticularsPublic Limited Company
Minimum Members7 Members
Maximum MenbersUnlimited Members
Minimum Directors3 Directors
Maximum Directors15 Directors
Transfer of OwnershipOwnership Can be Transferred in Public Limited Company
Subscription of SharesPublic Subscription Allowed in Public Limited Company
Issue of ProspectusMandatory
Managerial RemunerationGovernment Approval Required if Remuneration payable is above Limit
Commencement of Business/ OperationImmediately after Obtaining Certificate of Incorporation
Legal StatusPublic Company is a seprate legel registered under companies act 2013, The Director are lible for the defaults under the act
Govern Act/LawCompanies Act 2013
Foreign OwnershipFDI Allowed Unser the Automatic Aproval Route in the Government allowed sector
Annual Statury FillingsAnnual statement of Accounts and Annual Retuns with ROC
Annual FillingsIT Retun to be Filed
Characteristics of a Public Limited Company

One Person Company

One person company is a very good company formation to run your Startup Ideas. A One Person Company cannot offer its shares Publicly through IPO. A-One Person Company has at least 1 member and a minimum of 1 Director. Here maximum no of the director is 15 but maximum members are fixed, That is Only 1. A-One Person Company also can be registered under the companies act 2013.

Characteristics of a One Person Company

ParticularsOne Person Company
Minimum Members1
Maximum Menbers1
Minimum Directors1
Maximum Directors15
Transfer of OwnershipOwnership Can be Transfer to Nominee in the Event of death of Owner
Subscription of SharesPublic Subcription Not Allowed
Issue of ProspectusNot Mondetory
Managerial RemunerationNA
Commencement of Business/ OperationImidialty after Obtaining Certificate of Incorporation
Legal StatusOPC Co is a seprate legel registered under companies act 2013, The Director are lible for the defaults under the act
Govern Act/LawCompanies Act 2013
Foreign OwnershipThe Director and Nominee Director can not be Foreiners
Annual Statury FillingsAnnual statement of Accounts and Annual Retuns with ROC
Annual FillingsIT Return to be Filed
Characteristics of a One Person Company

Limited Liability Partnership

A Limited Liability Partnership has at least 2 partners and a minimum of 2 Directors. Here maximum no of the maximum director and partners is unlimited. Limited Liability Partnership also can be registered under the companies act 2013.

Characteristics of a Public Limited Company

PerticularLimited Liability Partnership
Minimum Members2 Partner
Maximum MembersNo Limit
Minimum Directors2 Designated Partner
Maximum DirectorsNo Limit
Transfer of OwnershipOwnership Can be Transferred
Subscription of SharesPublic Subcription Not Allowed
Issue of ProspectusNot Mondetory
Managireal RemunarationRemuneration is based on LLP Agreement
Commencement of Business/ OperationImidialty after Obtaining Certificate of Incorporation
Legal StatusLLP Co is a seprate legel registered under LLP act 2008, The Partners are lible for the defaults under the act
Govern Act/LawCompanies Act 2013
Foreign OwnershipAllowed with Prerior Approval from RBI and FIPB
Annual Statuary FillingsAnnual statement of Solvency and Annual Retuns with ROC
Annual FillingsIT Return to be Filed and Autid Required if Turnover >40 Lakhs
Characteristics of a Public Limited Company

Section 8 Company

A company established for promoting commerce, art, science, sports, education, research, social welfares, religion, charity, protection of environment or any such other objects provided the profit if any, or other income is applied for promoting only the objects of the company and no dividend is paid to its members. These types of Startup Ideas help people or the whole country.

Characteristics of a Section 8 Company

ParticularSection 8 Company
Minimum Members2 Members
Capital Share No Minimum capital required in Section 8 Company
Tax ExemptionSevaral tax are also exemptions in Section 8 Compaby
Liability on MembersMembers have Limited Liability in Section-8 Company
Legal Statusreistered under the Central government MCA
Govern Act/LawCompany Act 2013
Characteristics of a Section 8 Company

Sole Proprietorship Firm

Sole Proprietorship Firm

Characteristics of a Sole Proprietorship Firm

Partnership Firm

Characteristics of a Partnership Firm

We suggest to all Startup Ideas page readers to also read business ideas page for more information

76 / 100