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Compare Business Registrations in India
Got an Idea ? Simple & Quick Comparison of different Business Registrations such as Private Limited, OPC, MSME, Shops, Proprietor, Small Business in India, and their obligations, requirements, costs involved. Understand to get a great head start in running your own business.
| Particulars | Private Limited | Limited Liability Partnership | One Person Company | Partnership | Proprietorship | Public Limited |
|---|---|---|---|---|---|---|
| Popularity | ||||||
| Annual Compliance Cost | ||||||
| Registration | Registration with ROC under 2013 Act | Registration with ROC under 2013 Act | Registration with ROC under 2013 Act | No formal Registration | No formal registration | Registration with ROC under 2013 Act |
| Name Approval | Need to be approved with MCA | Need to be approved with MCA | Need to be Approved With MCA | NO name approval required | NO Name approval Required | Need to be approved with MCA |
| Legal Status | Separate legal entity from Owners, Capital is a Personal Liability | Separate legal entity from Owners, Capital is a Personal Liability | Separate legal entity from Owners | NO Separate Legal Entity for Owner | NO Separate Legal Entity for Owner | Separate legal entity from Owners, Capital is a Personal liability |
| Borrowing | Banks & Personal Sources | Banks & personal Sources | Personal Sources and Banks | |||
| Owners Remuneration | Allowed as per Agreement (Can't exceed 11% of Profits) | Partner's remuneration allowed. Certain restrictions | Partner's remuneration allowed Certain restrictions | Allowed as per Agreement | Owner's Salary not allowed | Allowed as per agreement |
| Min v/s Max No of Shareholders/Members | 2-200 | 2-Unlimited | 1:1 | 2:20 | 1-1 | 7-Unlimited |
| Min v/s Max No of Directors | 1-15 | 2-15 | 2-15 | 2-20 | 1-1 | 3-Unlimited |
| Foreign Member | Allowed. But Govt. approval is needed in some cases | Need's Govt. Approval | Not Allowed | Not Allowed | Not Allowed | Not allowed in Gambling ,Betting Chit Funds and sectors not opened for pvt . ltd |
| Transferability | Can be transferred easily | Can be transferred | Can be transferred | Not Allowed | Not Allowed | Can be transferred |
| Income Tax | 29.87-34.61%(Includes surcharge & Education cess) | 29.87-34.61%(Includes surcharge & Education cess) | 29.87-34.61%(Includes surcharge & Education cess) | 29.87-34.61%(Includes surcharge & Education cess) | 0-34.61% (Includes surcharge & Education cess) | 29.87-34.61%(Includes surcharge & Education cess) |
| Board Meetings | To be held periodically | No need | Not Allowed | Not Allowed | No need | To be held periodically |
| Registration Cost | Starts @ Rs.14,999/- | Starts @ Rs.14,999/- | Starts @ Rs.13,999/- | Starts @ Rs.5,999/- | Starts @ Rs.2,499/- | Starts @ Rs.35,000/- |
| Plan & Pricing | Plan Info | Plan Info | Plan Info | Plan Info | Plan Info | Contact Now |
