Public limited company has broader spectrum of features of a private company. It is incorporated under the provisions of Companies Act 2013.

The salient features of a Public Limited Company are as follows:

• Minimum of 3 Directors
• Minimum of 7 Shareholders and no cap on maximum limit
• Foreign nationals are also allowed as Directors after obtaining Director Identification Number (DIN)
• At least one Director should be an Indian national.
• Any amount of capital but Govt. Fees to be paid for minimum of shares worth Rs.5 Lakhs (Authorized Capital Fee)
• An Indian address is required for registered office
• Registration is active as long as all annual compliances are met
• Companies can accept deposit from public subject to the provisions of Companies Act
• Companies can issue shares to public subject to the provisions of Companies Act
• Share liabilities are limited to the capital money invested.
• Address and Identity proof mandatory for Directors. PAN card is also mandatory for all Indian nationals.
• Usually firms and organizations with large capital investment opt for Public Limited Company

OPC registration introduced under the Companies Act 2013, One Person Company (OPC) is fast gaining popularity as it support entrepreneurs who wished to start a venture alone.

The salient features of One Person Company (OPC registration) are as follows:

• As the name depicts only one Director and a nominee and both above 18 years of age are eligible for OPC registration.
• Only Indian citizens who are also residents of India are allowed for OPC registration
• Only one shareholder is allowed
• Maximum paid-up share capital and turnover are Rs. 50 Lakhs and Rs. 2 Crores respectively
• Any amount of capital but Govt. Fees to be paid for minimum of shares worth Rs.1 Lakh (Authorized Capital Fee)
• An Indian address is required for registered office
• Address and Identity proof mandatory for Director and Nominee. PAN card is also mandatory.
• An individual can incorporate only one OPC
• OPC Registration is active as long as all annual compliances are met
• OPC registration is a boon for entrepreneurs who would like to start a company alone.

LLP Registration was introduced under the Limited Liability Partnership Act, 2009 provides the opportunity to conduct the partnership business in its simplest form with limited liabilities.

The salient features of LLP Registration (Limited Liability Partnership) are as follows:

• • Minimum of two persons as Partners and Designated Partners and no ceiling on maximum for LLP Registration
  • Partners are not restricted by citizenship or residency, but should be aged above 18
  • LLP Registration can be done for any amount of capital
  • Tangible and / or intangible property or any other benefit can be shown as partner’s contribution
  • LLP Registration cannot be incorporated for ‘Not-for-Profit’ activities
  • An Indian address is required for registered office
  • Address and Identity proof mandatory for partners. PAN card is also mandatory for Indian nationals to perform LLP Registration.
  • Existing unlisted partnership firm can be converted to LLP.
  • No requirement for auditing if both conditions – Turnover less than Rs.40 Lakhs and Capital less than Rs. 25 Lakhs are met.
  • LLP Registration is active as long as all annual compliances are met
  • Mandatory to obtain Designated Partner Identification Number for all existing and proposed
  • Online Company Registration in F C Road pune

Designated Partners.

• Foreign nationals or NRI are also allowed as Designated Partners after obtaining Designated Partner Identification Number
• At least one Designated Partner should be an Indian national for LLP Registration.
• LLP is highly tax efficient and has less compliance requirements when compared with Private or Public Companies