| Legal Framework |
Companies Act, 2013 |
Companies Act, 2013 |
Companies Act, 2013 |
Limited Liability Partnership Act, 2008 |
| Ownership |
2-200 shareholders |
Minimum of 7 shareholders (no limit) |
Single shareholder |
Minimum 2 partners (no limit) |
| Directors |
Minimum 2 directors |
Minimum 3 directors |
Minimum 1 director |
Minimum 2 designated partners |
| Capital Requirements |
No minimum capital required |
Minimum capital requirements apply |
No minimum capital required |
No minimum capital required |
| Public Share Issuance |
Not allowed |
Allowed |
Not allowed |
Not allowed |
| Transfer of Shares |
Transferable (with restrictions) |
Freely transferable |
Not applicable |
Not applicable |
| Regulatory Compliance |
Moderate |
High |
Moderate |
Moderate |
| Annual Filing Requirements |
Financial statements, annual returns |
Financial statements, annual returns, and more |
Financial statements, annual returns |
Financial statements, annual returns |
| Tax Benefits |
Standard corporate tax rates, eligible for deductions |
Standard corporate tax rates, eligible for deductions |
Standard corporate tax rates, eligible for deductions |
Standard corporate tax rates, eligible for deductions |
| Management Structure |
Board of Directors and Shareholders |
Board of Directors and Shareholders |
Single Director and Shareholder |
Partners and Designated Partners |
| Public Perception |
Formal and credible |
Highly formal and widely recognized |
Suitable for small-scale operations |
Flexible and less formal |
| Regulatory Oversight |
Moderate to high |
High |
Moderate |
Moderate to low |
| Conversion Flexibility |
Can be converted to a Public Limited Company |
Can be converted to a Private Limited Company |
Can be converted to a Private Limited Company |
Can be converted to a Private Limited Company |
| Taxation |
Corporate tax rates and exemptions |
Corporate tax rates and exemptions |
Corporate tax rates and exemptions |
Corporate tax rates and exemptions |