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Private Limited Company
(Pvt. Ltd.)
Limited Liability Partnership
(LLP)
One Person Company
(OPC)
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The cost includes registration for 2 directors & authorised capital of up to ₹1,00,000.
Extra fees may apply for additional directors or authorised capital or registration in the states of Madhya Pradesh, Kerala, Punjab, Karnataka and Rajasthan due to higher stamp duty fee in these states.
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Company Registration is the first step to formalise your business as a legal entity before launching its core operations. This crucial step offers you legal rights, protection, and a solid foundation.
From choosing the right company type to adhering to regulatory requirements, the way you navigate through the registration process will set the tone for the success story of your startup. Before we delve deeper into the process, let's explore the different types of business structures in India.
A Private Limited Company is the most common form of company registration governed by the Companies Act 2013. It is a type of business entity with limited liability privately owned by a group of individuals or shareholders. It's a preferred choice for startups and businesses.
A Limited Liability Partnership (LLP) is a flexible legal and tax entity that provides limited liability protection to its partners while allowing them to participate in the management and operations of the business. An LLP is established under the Limited Liability Act 2008 and is often chosen by professionals and service providers.
One Person Company (OPC) is a type of business structure that involves the features of a Private Limited Company and the benefits of Sole Proprietorship. An OPC allows a single individual to create a separate legal entity for their business while offering limited liability protection.
According to the Company Act of 2013, a Public Limited Company is a regulated business structure with limited liability that offers shares to the general public along with opportunities to raise funds through public investment. This type of business structure is suitable for large-scale multinational business corporations.
Sole Proprietorship is a type of business structure that involves a single owner who is personally liable for all the business's debts and obligations as there is no separate legal entity. It's ideal for small businesses and freelancers due to its minimal compliance requirements.
Governed by the Indian Partnership Act 1932, a Partnership is a collaborative business structure involving two or more individuals who jointly share responsibilities, profits, and liabilities. This structure suits professional services and small businesses and is often guarded by a well-drafted Partnership agreement.
Section 8 Companies are a legal form of “Non-Profit Organisations (NPOs)” registered under the Companies Act, either as Private Limited or Public limited.
Non- Government Organisations or NGOs can also be registered under Section 8 Company registration. It is established for the promotion of charitable, cultural, social, educational, or philanthropic causes.
Several crucial factors should guide your decision-making while choosing the right structure for your business. Here's a detailed breakdown of what to consider:
Each of the business structures discussed earlier entails distinct prerequisites and adherence to specific regulations during and after the company registration process.
Several crucial factors should guide your decision-making while choosing the right structure for your business. Here's a detailed breakdown of what to consider:
Remember, the process of selecting a business structure can vary for each individual. So, you can go through the above points and let your business needs and preferences guide you toward selecting the most appropriate structure.
Company Registration is a crucial milestone for every business. It legitimizes your business and lays the foundation for its operations under the legal and regulatory framework. There are several steps to ensure a seamless and legally compliant incorporation process:
(Private Limited Company or Limited Liability Partnership or One Person Company)-
It's important to emphasize that the above steps can differ for various company types, and additional compliances might apply depending on the nature of the business and industry.
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The company's capital structure depends on- Authorized Capital/Paid-up Capital/Capital Requirements. These are the minimum/recommended contributions required to start a business.
*As a Private Limited Company has a minimum of 2 shareholders, each shareholder has to have at least one share. So, the company's minimum authorized and paid-up capital is at least Rs 2. This is subject to the requirements of the current account.*
*As a One-person company has one shareholder, the shareholder has to have at least one share. So the paid-up capital of the company is at least Rs 1. This is subject to the requirement of the current account.
It's important to note that company types can have varied capital requirements subject to jurisdiction and change based on regulatory updates.
Razorpay Rize is your trusted partner in simplifying and redefining the company registration journey. You can seamlessly register your company at the lowest rates, anytime and anywhere.
*May include additional documents depending on the type.
We urge you to use our diverse range of tools like Company Name and Trademark Search to make the best of the company registration process.
The cost of company registration can vary based on several factors, including the type of company structure, the jurisdiction in which you're registering, the stamp duties, professional fees, and any additional services you may require.
We have tailored our services to meet the needs of visionary entrepreneurs seeking to establish and legitimize their business ventures. It's with this vision in mind that we offer registration options for One Person Companies (OPC), Private Limited Companies (Pvt), and Limited Liability Partnerships (LLP).
This comprehensive approach considers the growth and evolution of the business, ensuring that the chosen company structure aligns harmoniously with its present and future requisites.
**Extra fees may apply for additional directors, authorized capital, and stamp duty for states like MP, Kerela, and Punjab. Eager to learn more? Reach out to us at rize-registrations@razorpay.com for more details.
After successfully incorporating a company, ensuring legal compliance and smooth operations is crucial. Here are some key aspects to consider:
These are just a few general compliance requirements that companies must follow. Depending on the specific activities and sector of the company, there might be additional industry-specific compliances to consider as well. It is important to stay informed and updated about the evolving legal and regulatory requirements.
Here are some reasons why you should incorporate your business:
The cost of registering a company in India varies according to the type, number of stakeholders, capital, and size.
You can complete the company registration process within 10 to 15 days from the date of submitting all your documents, provided they are accurate and in order.
You can easily verify the registration status of your company through the MCA website. To do this-
Yes, a Current bank account is essential for managing financial transactions separately from personal finances and complying with tax regulations.
GST registration is compulsory for certain businesses whose turnover exceeds the prescribed threshold limit.
Note: The limitations might be updated with GST amendments.
Yes, they can establish a company provided they adhere to the regulations outlined by the Reserve Bank of India (RBI) for Foreign Direct Investment. However, it's mandatory to have at least one Indian national as a part of the company on the Board of Directors.
You can update specific changes like the addresses of the directors and share structures with the relevant authorities. These changes, however, must be intimated by filing Form DIR-12 with the Registrar of Companies (ROC) within 30 days from the date of the change.
Yes, it's possible to convert one business structure into another in many jurisdictions. The conversion process typically involves legal procedures, approvals from relevant authorities, and compliance with specific requirements. For example, you can convert a Sole Proprietorship into a Private Limited Company or transform a Partnership into a Limited Liability Partnership (LLP).
Rize.Start
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Make your business ready to scale. Become an incorporated company through Razorpay Rize.
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