Register a Company to Start Business

Apply for Startup Recognition by (DIPP) Govt. of India.

Setup Proprietorship Firm in a Day.

Incorporate One Person Company (OPC).

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Company Registration

Basis of classification of Companies

  • Incorporation – Charter Companies, Statutory Companies and Registered Companies
  • Liability – The Companies Limited by Shares/Guarantee and Unlimited Liability Companies
  • Number of Members– One Person Company, Private Company and Public Company
  • Size – Small companies and other companies
  • Control – Classified into holding company, subsidiary company and associate company


SubmitTax offers online company registration services which help the business to register companies under the right business structure within 15 days in India with bank accounts. The choice of a business organisation is driven by a combination of several factors such as the nature of the business activity, the capital requirement, degree of independence required, etc. Tax consideration is also an extremely important factor.

The Companies may be classified on the basis of their incorporation, the number of members, size, basis of control and motive.

Main Types of Business Entities in India are Sole Proprietorship, Partnership, Hindu Undivided Family (HUF) Business, Limited Liability Partnership (LLP), Co-operative Societies, Branch Office.

The Company which may be any kind of company including One person company (OPC), Private Limited Company, Public Limited Company, Company Limited by Guarantee, Subsidiary Company or Unlimited Company, Company formed under section 8 of the Companies Act, 2013.

After the company registration, the other initial registrations like Shops & Establishment, FSSAI, ISO, MSME, copyright, patent etc. and licences from the regulatory authorities like GST, Income Tax, IPR etc. need to be obtained.



Private Limited Company

Doing business in the name of Private Limited Company is most popular and prevalent in India. The private limited company registration is preferred by startups because it can be started with a minimum of two shareholders and directors.

Limited Liability Partnership

LLP can be registered with two or more partners who can join hands for business and limit their liability to their agreed contribution. LLPs are also eligible to get recognised as a startup in India.

One Person Company

A Resident individual can setup One Person Company (OPC) to obtain corporate identity with the benefits of limited liability.

Partnership Firm

Two and more than two persons can enter into a partnership agreement to start business subject to a maximum of 20 members. Partnership Firm can either be in traditional form or registered partnership firm.


Proprietorship is most common, simple and easy form to start a business. It can be started in a single day without registration.

Section 8 Company

A section 8 companies are reputed form to start not-for-profit organisation regulated by Companies Act, 2013.


Activities for the benefit of society at large can be undertaken by setting Trust or Society which are registered with respective registrar under local jurisdiction.

Compare Options

BasisPrivate Limited CompanyLimited Liability PartnershipOne Person CompanyPartnership FirmSole Proprietorship
Business Formation10-15 Days10-15 Days10-15 Days21 Days1-2 Days
Act / LegislationCompanies Act 2013LLP Act 2008Companies Act 2013Partnership Act 1932Not Applicable
Registering AuthorityROC under MCAROC under MCAROC under MCARegistrar of Partnership under Local SDM OfficeNot Applicable
Legal StatusArtificial judicial person with limited liabilitySeparate legal entity with limited liabilityArtificial judicial person with limited liabilityPartners are personally liable with unlimited liabilityPromoter is personally liable with unlimited liability
Members RequiredMinimum - 2
Maximum - 200
Minimum - 2
Maximum - No Limit
Just One Person with one nomineeMinimum - 2
Maximum - 100
Just One Person
Suitable ForStart-upsProfessional firmsIndividual promotersFamily businessesSmall businesses
Taxation BenefitsCertain benefits EfficientBenefitsLowestIndividual slab rate
Compliance ApplicabilityAudit Report, Annual Return, other compliance as per actAnnual Return, Audit report if turnover exceed Rs. 40 lac's in FY or contribution exceeds Rs.25 lacsAudit Report, Annual Return, other compliance as per actAudit Report only as per Income Tax ActAudit Report only as per sec 44AB of Income Tax Act
Investors InclinationMost attractiveNot preferableUnlikelyUnlikelyNo way

Package & Pricing


How can I register an Indian Company?

The company can be registered through Incorporating a company through Simplified Proforma for Incorporating Company electronically (SPICe -INC-32), with eMoA (INC-33), eAOA (INC-34), is the default option and most companies are required to be incorporated through SPICe only.

How can Foreign companies establish a place of business in India?

Any foreign company can establish its place of business in India by filing eForm FC-1 (Information to be filed by a foreign company). The eForm needs to be digitally signed by the authorised representative of the foreign company. There is no need to apply and obtain DIN for Directors of a foreign company. However, it is mandatory to register the DSC of the authorized representative of the foreign company.

How much time is needed for setting up a private limited company in India?
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
Can a company form a One Person Company (OPC) as its subsidiary?

No, Only a natural person who is an Indian citizen and resident in India is eligible to incorporate OPC.

Are nominee directors of a company required to file FORM DIR-2?

Every person who holds the office of a director shall on or before the appointment furnish to the company his consent in writing to act as such in form DIR-2. This rule is equally applicable to nominee directors.

Can a person be Managing Director in two companies?

A person can be a Managing Director in two companies if he is the MD or Manager of one and not more than one other company with the consent of all directors present at the meeting.

How many members/shareholders are required to start a private limited company?

For private limited company registration, there are minimum 2 director/shareholder and maximum 200 directors/shareholders. one of the directors must be a resident of India. shareholder and director can be the same in the company