PVT. LTD./LTD./LLP

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PRIVATE LIMITED COMPANY

 A private limited company is a voluntary association of not   less than two and not more than fifty members, whose liability is limited, the   transfer of whose shares is limited to its members and who is not allowed to   invite the general public to subscribe to its shares or debentures. 

Advantages

  • Continuity of existence
  • Limited liability
  • Less legal restrictions

Disadvantages

  • Shares are not freely transferable
  • Not allowed to invite public to subscribe to its shares
  • Scope for promotional frauds
  • Undemocratic control     


SECTION 25 COMPANY


FOREIGN COMPANY 

Any foreign company can establish its place of business in India by filling Form 44 (Documents delivered for registration by a foreign company). The eForm has to be digitally signed by authorized representative of the foreign company.

LLP Registration

LIMITED LIABILITY  PARTNERSHIP(LLP)
Limited Liability Partnership (LLP) is a new corporate structure that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. In other words, it is an alternative corporate business vehicle that provides the benefits of limited liability of a company, but allows its members the flexibility of organising their internal management on the basis of a mutually arrived agreement, as is the case in a partnership firm.                        

Owing to flexibility in its structure and operation, it would be useful for small and medium enterprises, in general, and for the enterprises in services sector, in particular. Internationally, LLPs are the preferred vehicle of business, particularly for service industry or for activities involving professionals.