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The differences for Private Limited Company and Public Limited Company are explained as under: · Definitions: Private Limited Company: As per the Companies Act 2013 "Private Company is a company which has a minimum paid-up capital of Rs 1 lakh Rupees and which is restricted to have the right to transfer the share. Public Limited Company:As per the Companies Act 2013" A public Company is a company which is not a private company and has a minimum paid up capital of Rs 5 lakh Rupees and have a right to transfer of shares of a company. · Number of members: There should be minimum 2 members to start a Private Limited Company and maximum ceiling of 200 members. In case of Public Limited Company minimum 7 members should be there and no ceiling on maximum number of members. · Number of Directors: There should be minimum 2 Directors in case of Private limited Company and minimum 3 directors in case of Public Limited Company. · Statutory meeting: A Private company has to hold a statutory meeting within 30 days of Company Incorporation and Public Company has to hold statutory meeting as well file the statutory report with ROC. · Transferability of shares: Articles of Association of restrict the transferability of share in case of Private Limited Company and In case of public limited company there are no such restrictions. · Share Subscription: A private company has no right to invite public for subscription. As opposed, a public company can invite the general public for subscribing shares of the company. · Managerial Remuneration: Total managerial remuneration in the case of a public company cannot exceed 11% of the net profits but in the case of inadequacy of profits a minimum of Rs 50,000 can be paid. These restrictions do not apply to a private company. Conclusion: It is clear from the above points that both the business structure has its own merits and demerits. Private Limited Company is basically suited for the start-ups with limited capital inv

Section 2(87) of companies act, 2013 provides the definition of the Subsidiary as under: "Subsidiary Company" or "Subsidiary", in relation to any other company (that is to say the holding company), means a company in which the holding company- (i) Controls the composition of the Board of Directors; or (ii) Exercises or controls more than one-half of the total share capital either at its own or together with one or more of its subsidiary companies: Provided that such class or classes of holding companies as may be prescribed shall not have layers of subsidiaries beyond such numbers as may be prescribed. Thus , if LLP will hold more than 50% shares of the private Limited Company then the Private limited Company will be called as subsidiary of the LLP and there are no initial requirements which need to be followed from LLP's part.For incorporation of Private Limited Company, the same can be done by following standard procedure for incorporation of Private Limited Company. Learn more about process for Registering a Private Limited Company at http://www.legalwiz.in/blogs/com... Get assistance from Experts at LegalWiz.in for Registering a Private Limited Company at the nominal professional fees. Reach us at 1800 313 4151 or support@legalwiz.in

All organisations of a particular industry may not necessarily be registered as a Company under Indian Companies Act, 2013. The private hospitals may be registered as Private or Public Companies or as Section 8 Company but not necessarily all. The test whether an entity is registered under Companies Act is its registered name and CIN (Corporate Identification Number). A Private Company must contain "Private Limited Company" at the end of its name and similarly a Public Company's name shall contain "Limited Company" or "Public Limited Company" at its end. The ambiguity may arise here if the entity, say hospital, is registered as Section 8 Company for charitable purpose. These companies are exempted to put "Private Limited" or "Limited" at the end of name. Thus, you may check if any company with same name is registered with Ministry of Corporate Affairs (MCA), the regulatory body. You may check the company details and CIN at following link: http://www.mca.gov.in/mcafoporta... Feel free to drop your query in comment box or drop an e-mail at support@legalwiz.in. Visit us at https://www.legalwiz.in

A Private Limited Company is held and owned by a limited group of people, being not more that 200 in numbers. Whereas the Public Limited Company can be registered with any number of member, not less than 7. The word "Limited" is used as suffix in Public Limited Company whether Listed or Unlisted whereas the word "Private Limited" is used for Private Limited Company.

There is no condition to start the business immediately after incorporation of Company; hence you can incorporate the company for future course of business as Private Limited Company or Public Limited Company. Further for this kind of situation there is a concept under section 455 of the Companies Act, 2013 called "Dormant Company". A dormant company is a company that has been registered under the Companies Act but is not carrying out any "significant accounting transaction." As per Companies Act 2013, a company that has been formed and registered under the Act, a) For a future project or to hold an asset or intellectual property and, b) Has no significant accounting transaction, is permitted to make an application to the Registrar to obtain the status of a dormant company. For being well compliant after incorporation Annual return of the Dormant Company in Form MSC-3 shall be filed within 30 days of the end of the financial year. Further the dormant companies can enjoy status as Dormant companies for maximum consecutive 5 years. You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in

You can start the software business in India by setting up a company as per the rules laid down under Act. There are two most common type of entities exist in India i.e. ONE PERSON COMPANY- Ifyou want to operate the business solely under your name and do not wish to share the control of the company, you can opt for Registering an OPC. In this type of Company, there is only one promoter/founder. However, nominee in the company is required who can become the member of the company in case of death or any other incapacity of the original member. PRIVATE LIMITED COMPANY- Itis a type of privately held small business entity. This type of business entity limits owner liability up to their shares, limits the number of shareholders to 200, and restricts shareholders from publicly trading shares. Following are the procedure to register a company - Acquire Digital Signature for the directors. Obtain DIN (Director Identification Number). Fill Name application form (RUN) with MCA. After getting name, file Spice form and required documents for getting Registration Certificate Following are the required attachments need to be attach in the forms for Incorporation- Certified true copy of self-attested identity proof. Passport Size Photo of the Shareholders and Directors Address proof of the Shareholders and Directors Utility Bill and NOC from the owner for Registered Office Address Rental agreement, if premises is rented. After due verification of the application and documents provided, the ROC may grant COI (Certificate of Incorporation), which is a conclusive proof of existence of the company Learn more about process for Registering a Private Limited Company at http://www.legalwiz.in/blogs/com... Get assistance from Experts at LegalWiz.in for Registering a Private Limited Company at the nominal professional fees. Reach us at 1800 313 4151 or support@legalwiz.in

A public limited company is a company which is authorized to sell its shares to the public in order to raise funds for commercial use. All public limited companies name ends with "PLC". It is not mandatory for a public limited company to sell its shares to the public as their shares are generally listed on either London stock exchange or alternative investment market. Public limited company is considered more prestigious than a private limited company as it is rarely formed and strictly regulated.Register your Public limited company with Finacbooks and improve your business profile.

To register your business in organised form, there are number of options to such as Private Limited Company, LLP, One Person Company, Partnership Firm, etc. based on the requirements and strategy of the business. Considering Private Limited Company as most popular organisation structure, the process is prescribed below in 4 simple steps: Application of DSC for Directors Reservation of Name under which company will carry on its business Drafting of necessary Documents and their execution Application for registration and PAN and TAN There are number of aspects one has to look into before stepping for registration. Recommended is to also look into the post registration aspects of the business including the organisation specific and industry specific. Referred read: All you need to know for registering a company Post registration checklist for private limited company For personalised assistance, reach us on call at 1800 313 4151 or drop an e-mail at support@legalwiz.in. Visit us at https://www.legalwiz.in

The Government fee on company registration has been waived off for the small companies having authorised capital up to INR 10 Lakh. However, the Stamp Duty shall be paid to concerned State Government. Further, for application of Name Approval, the charges of INR 1000 shall be payable to the Government in addition. LegalWiz.in provides the company registration at the affordable cost of Rs 9,999, which includes following in span of 12 to 15 days: Expert assisted process All expenses and Government fee 2 Director Identification Numbers (DIN) 2 Digital Signature Certificates (DSC) of Directors Name Approval Application MOA and AOA Drafting Application for company incorporation Certificate of Incorporation PAN Number TAN Number You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in

Acquisition of a company is dealt by Companies Act, 2013, where aspects of assets and shares valuation and more are dealt with. Dealing with the question here, the answer is yes, the company can be acquired by an individual. However, if it is the case where only one person will acquire the company, it will be mandatory to convert the company into One Person Company. Therefore, a process of conversion must be looked into. For the purpose conversion into OPC, the company shall not exceed the turnover limit of INR Fifty Lakh or the paid-up capital shall not be more than INR Two Crore. In other case, the company can be acquired by more than one person in form of Private or Public company. The process and disclosures prescribed under the Act must be followed. For acquisition of listed company, The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, known as Takeover Code must also be referred for disclosure and procedural requirements.

The registration process of Private Limited Company in India has recently been rationalised and made simpler.

Following are the documents mentioned specifically under Companies Act, 2013 which needs to be maintained by a Private Limited Company: Books of accounts as per the provisions of Companies Act, 2013. Statutory Audit Report signed by Auditor To keep following records or register at the register office of the company: a. Shareholding Pattern in Form MBP-1 b. List of Director c. Related party interest d. Minutes of the meetings prepared in accordance with the provisions of the Act. e. A copy of MOA and AOA. Get further assistance from Experts at LegalWiz.in by contacting at 1800 313 4151 or drop us in an email for further query at support@legalwiz.in

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In spite of the fact that not required before recording an application, you are urged to seek the USPTO's trademark database to check whether any mark has as of now been enlisted or connected for that is like your mark and utilized on related items or for related administrations. On the off chance that your inquiry yields a mark that you think may struggle with your mark, you ought to then check status to check whether the application or enlistment is still "live," since any "dead" mark can't be utilized to hinder another application.