register a company in  Hyderabad

STARTUP INDIA, MAKE IN INDIA

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STARTUP INDIA AND MAKE IN INDIA

Government of India has initiated two path breaking programs, “Make in India” and “Start-up India”. Both the programs have aimed to fulfill the purpose of job creation, entrepreneurship, furthering secondary and territory sector, boosting national economy and to get India global recognition. Both of these initiatives provide financial support, subsidies and derive several ways to encourage new companies.

To be a part of “Make in India” or “Startup India”, you have to choose a particular form of legal entity to incorporate. Based on your business idea, business constrains, scalability issues, funding factors, tax benefits and factors, you can collectively choose a particular form of legal entity.

There are various forms of legal entities of business that can be registered to start the business. The following comparison will help you understand the difference between Private Limited Company, One Person Company (OPC) and Limited Partnership (LLP).

Factors of comparision Private limited company registration One person company registration Limited Liability Partnership registration
Minimum Requirement Members-2, Directors-2 Member-1, Director-1 Designated Partners-2
Minimum Capital Minimum Capital required No minimum requirement No minimum requirement
Compliance Requirements Annual Return Filing Board Meetings & General Meetings Annual Return Filing No Board Meetings, if only one director No General Meetings Annual Return Filing
Credibility High Medium Medium
Investor preference High Low Medium
Statutory Audit Compulsory Compulsory If Contribution > Rs 25lacs or, Turnover > Rs. 40lacs
Conversion Can be converted into LLP Cannot be converted before 2 years Cannot be directly converted into a Private Limited Company
Time Taken for Registration 20-25 Working Days 20-25 Working Days 20-25 Working Days
Deliverables Digital Signature Certificate, MOA, AOA, Certificate of Incorporation, PAN, TAN Digital Signature Certificate, MOA, AOA, Certificate of Incorporation, PAN, TAN Digital Signature Certificate, LLP Agreement, Certificate of Incorporation, PAN, TAN

"If opportunity doesn't knock, build a door" -Milton Berle

register a company in  Hyderabad
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    Narayana Enclave, Plot No 610,Road
    Number 33, Cafe Abbott Lane, Jubilee hills,
    Hyderabad – 500033.