PRIVATE LIMITED COMPANY is a most effective and common form of privately held business entity having limited liability for its shareholders. It is governed by MCA (Ministry of Corporate Affairs) and regulated by the Companies Act. Blootax can help if you want to do your Private Limited Company Registration, you can get your registration done within 10 working days.

Why Private limited company is being preferred in India?

• It’s a separate legal entity, you won’t be liable personally
• Saves from higher incomes tax
• More tax deductibles allowances and cost
• More funding options like private equity & ESOP
• Benefit under Start-up India scheme of government of India
• Quick & easy transferability of shares
• High credit rating and easy funding by bank
• 100% FDI (Foreign Direct Investment) is allowed

Documents Required

For Directors and/or Shareholders

• PAN Card of Directors and /or Shareholders
• AADHAR Card of Directors and /or Shareholders
• Address Proof of Directors & Shareholders
• Latest Bank Statement / Passbook / Electricity bill of Directors and /or Shareholders
• Photo of Directors and /or Shareholders
• Contact Number and Mail id of Directors and /or Shareholders

For Company

• Latest Electricity bill / Telephone bill (Landline)/ Legal Ownership Document
• If property on rent, then rent agreement with NOC from landlord

Mandatory Requirements

• Minimum 2 or maximum 200 members or shareholders
• Minimum 2 or maximum 15 Directors holding a valid DIN
• 1 Director has to be an Indian Citizen and Indian Resident
• Unique Company Name
• Minimum authorized capital of INR 1 Lakh
• DSC (digital signature certificate) of every director

Blootax is a nation's leading services provider driven to make the filing process smart, simple and affordable. We are committed to helping you grow your business; add value and protect your Innovation or Idea through our expertise by getting Limited Liability Partnership Registration within a very short span of 7 days.

Choose LLP because

• Limits the liability of partners
• Operates based on an agreement
• Flexibility without imposing detailed legal and procedural requirements
• Double advantage- company and a partnership
• No partner is liable on account of the independent or un-authorized acts of other partners
• Ability of partners to manage the business directly
• Easy to raise funds from partners, banks and NBFCs
• Uninterrupted existence that follows perpetual succession
• Transferring of ownership is simple
• Suitable for small and medium size business because of less compliances

Documents Required

• Identity Proof of Directors & Shareholders
• Address Proof of Directors & Shareholders
• Proof of Nationality for Foreign Nationals
• Latest Electricity bill, telephone bill & Bank statement of directors
• Passport size photo of directors and shareholders
• If property on rent, then rent agreement with NOC from landlord

Mandatory Requirements

• Minimum 2 partners
• No maximum limit
• 1 partner must be an Indian Citizen and Indian Resident
• Unique Company Name
• Minimum authorized capital of INR 1 Lakh
• DSC (digital signature certificate) & DPIN of every partner

Blootax is a nation's leading services provider-driven to make the filing process smart, simple, and affordable. We are committed to helping you grow your business and add value through our expertise by getting your company registered within a very short span of 10 working days.

Benefits of One-person company

• Limited Liability
• Separate legal entity and can continue even after the death of an only member/director by nominee director or by transfer
• More Creditability as its books required to get audited annually
• Exempt from holding an Annual General Meeting and Extraordinary General Meeting
• Cash flow statement is not required
• Minimum compliances
• Simple to begin
• Quick Decisions
• Control over rights

Documents Required

• Identity Proof of Company (i.e. PAN)
• Address Proof (Passport / Voter Id / Driving License)
• Proof of Nationality for Foreign Nationals
• Latest Electricity bill, telephone bill & Bank statement of partners
• Passport size photo
• Specimen Signature
• If property on rent, then rent agreement with NOC from landlord
• Bank Account

Compliances mandatory for Nominee Inclusion

• Nominee Consent needs to file with the Registrar
• One-person company member can change Nominee for any reason and required to file new nominee consent with Registrar
• Penalty of 10,000/- or 1,000/- per day can be levied in case of non-compliant with the nominee requirements
• A minor cannot be a member of One-person company and thus cannot be appointed as nominee also

Blootax is a nation's leading services provider driven to make the filing process smart, simple and affordable. We are committed to helping you grow your business and add value through our expertise by getting your company registered within a very short span of 7 days.

Choose Proprietorship because

• Instant, easy and inexpensive establishment
• Less formalities
• Owners may freely mix business or personal assets
• Minimum compliances
• Simple to begin
• Easy dissolution
• Audit not required

Documents Required

• Identity Proof (i.e. PAN)
• Address Proof (Passport / Voter Id / Driving License)
• Proof of Nationality for Foreign Nationals
• Latest Electricity bill, telephone bill & Bank statement of partners
• Passport size photo
• Specimen Signature
• If property on rent, then rent agreement with NOC from landlord
• Bank Account

Recommended Registrations

• MSME Registration
• TAN Registration
• GST registration
• Shop and Establishment Act License

Blootax is a nation's leading services provider driven to make the filing process smart, simple and affordable. We are committed to helping you grow your business and add value through our expertise by getting your Firm registered within a very short span of 7 days.

Why Partnership setup is popular in India

• Easy registration
• Low cost and ease in setting up
• Minimum compliances
• Flexible as partners can initiate the changes they want
• Shared Risk
• More funds available as partners also contribute to the capital
• Audit not required

Documents Required

• Form No. 1 (Application for registration under Partnership Act)
• Partnership Deed signed by partners
• Confirmation in the form of affidavit to become a partner
• Identity Proof of Company (i.e. PAN)
• Address Proof (Passport / Voter Id / Driving License)
• Proof of Nationality for Foreign Nationals
• Latest Electricity bill, telephone bill & Bank statement of partners
• Passport size photo
• If property on rent, then rent agreement with NOC from landlord

Mandatory Requirements

• Minimum 2 partners
• Maximum- 20 partners
• No minimum capital required
• Unique Company Name