Nyaasa - Company Law Services

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Company Law Services

A small comparision between two forms of companies widely used across India

Private Company vs. Public Company
Description	Private	Public
Shareholders	Minimum 2, maximum 50	Minimum 7, no limit on maximum
Director	Minimum 2	Minimum 3
Paid-up capital	Minimum Rs 100,000	Minimum Rs 500,000
Public deposits	Restriction on public deposits	No restriction
Transfer of shares	Restricted as per Articles of Association	No restriction
Compliance requirements	Lesser in number	More in number
Commencement of business	Possible on obtaining certificate of incorporation	Possible only after getting commencement of business certificate within six months of getting certificate of incorporation

Formation and Consultancy for LLPs (Limited Liability Partnerships)
Maintenance of statutory records and registers
Maintenance of minutes book
Drafting of minutes of Board and General Meetings as and when required
Updating the various Statutory Registers
Issue of Share Certificates from time to time.
Drafting of the Notices for the share holders meetings
Routine consultancy to the management on the matters related to pre and post board meetings including agenda and other documents to be placed before the meeting
Preparation of the various forms and returns required to be filed with the Registrar of Companies, including e-filing with MCA (Ministry of Company Affairs)
Creation, modification, registration and satisfaction of the charges as required under the Companies Act
Represent companies before the Registrar of Companies
Routine consultancy including filing and filling of the forms and documents with the Reserve Bank of India/ Authorised Dealers in case of investment/ disinvestment by Non Resident in the company