Business Startup Services
Public Limited Company
An organisation created by a voluntary association of people is known as a Public Limited Company (PLC). Since it has a distinct legal personality from its members, it can possess property, incur debts, and carry on business under its own name. Businesses wishing to operate inside a controlled legal framework and obtain finance from the general public would find this structure perfect.
Regulatory Framework and Formation
The company formation, operation, incorporation, and winding-up are strongly regulated by provisions of the Companies Act, 2013 under the administrative supervision of the Registrar of Companies (ROC) of each state and union territory. For incorporation, a PLC needs to have a minimum of seven members, while there is no limitation on the overall number of members. Through the sale of shares to the public, the business collects money, and shareholders are investors. At Pratik S. Kothari & Associates, a trusted CA Firm in India, we specialize in complete end-to-end support for Public Limited Company Registration.
Shareholding, Liability & Management
One of the defining features of a public company is that its shares are freely transferable, offering flexibility to investors. Each member's liability is limited to the amount unpaid on their shares, providing personal financial protection. There is a clear separation between ownership and management—the shareholders do not participate in daily operations, which are handled by a Board of Directors responsible for all major policy and strategic decisions. From preparing documents and filing with ROC to ensuring compliance with SEBI and MCA regulations, our expert team of Chartered Accountants in Pune, corporate law consultants, and legal professionals makes the incorporation process seamless and efficient.
Key features of a PLC
- Separate Legal Identity
- Governed by Law
- Minimum Members
- Capital Through Public Shareholding
- Free Transferability of Shares
- Limited Liability
- Separation of Ownership and Management
- Perpetual Succession
Expert Assistance
A public limited company is an independent legal entity with perpetual succession. Its existence is unaffected by the death, departure, or insolvency of any shareholder. At Pratik S. Kothari & Associates, a leading CA consultancy and Chartered Accountancy firm, we offer complete assistance in incorporating and registering Public Limited Companies. Our experienced Chartered Accountants in Pune and corporate law consultants ensure seamless Company Registration, ongoing legal Compliances, and strategic financial planning.
Key highlights of our business startup services:
- Company Formation and Company Registration
- Shop Act Registration & Udyam Registration
- Import Export Licence applications
- Ongoing compliances
- GST filing services and income tax filing services
Private Limited Company
A Private Limited Company is a preferred business structure for startups, small enterprises, and closely-held businesses that seek limited liability and a flexible management framework. It is incorporated under the Companies Act and consists of a minimum of two and a maximum of fifty members. With a separate legal identity, it offers both operational ease and credibility in the eyes of stakeholders.
As a reputed Chartered Accountancy firm offering complete Business Startup Services, we at Pratik S. Kothari & Associates help clients establish their private limited companies smoothly and efficiently. Here are some exclusive features of this type of company:
Separate Legal Entity
The company enjoys an independent legal existence, distinct from its members. A Pvt. Ltd. company can own property or enter into a contract. The process of registering the company has to be in accordance with the 2013 Companies Act. The process is also simultaneously kept under scrutiny by the ROC or the Registrar of Companies for each state and union territory. Our Chartered Accountant company assists you with all documentation and approvals required for Company Formation and Company Registration with the Registrar of Companies (ROC).
Controlled Ownership
Private limited companies restrict the transfer of shares. The inability to readily transfer shares, in contrast to public businesses, aids in maintaining control of the company among a select group of reliable people. Furthermore, these businesses are prohibited from inviting the general public to subscribe for their debentures or shares.
Limited Liability
The structure allows a minimum of two and a maximum of fifty members. Its shares are not freely transferable, ensuring business control remains within a trusted group. Members enjoy limited liability, meaning they are only responsible for unpaid amounts on their shares, protecting personal assets even in case of business losses.
Relaxed Compliance Requirements
Private limited companies benefit from fewer regulatory obligations compared to public companies. As one of the most reputable CA firms in Pune, we provide professional advice on all company compliances, ROC filings, and yearly reports. They are not obliged to hold a statutory general meeting, release a prospectus, or get a certificate of beginning of business.
Continuity of Existence
This business form enjoys perpetual succession, allowing the company to continue even if shareholders change due to resignation, death, or insolvency. It's an ideal structure for businesses aiming for long-term growth and stability, with support from experienced Chartered Accountants in India.
Ideal for Business Owners
This structure is ideal for those who wish to limit their liability while keeping ownership private and manageable. It offers a balance of structure, compliance ease, and investor confidence.
End-to-End Support
Whether you're in Magarpatta, Hadapsar, or anywhere in Pune, our Chartered consultants in Pune offer complete legal and financial advisory services. From Shop Act Registration, Udyam Registration, and Import Export Licence applications to Income tax filing, GST filing services, and ongoing taxation services, our team ensures your business stays compliant and ready for growth.
We also offer robust auditing & assurance services, backed by years of experience as a leading CA firm in India. If you're looking for a reliable tax consultant in Pune or ongoing CA consultancy, we're here to support you at every step.
Limited Liability Partnership (LLP)
Limited Liability Partnership or LLP is a flexible and modern form of business structure introduced in India under the Limited Liability Partnership Act, 2008. It offers a unique blend of operational flexibility like a traditional partnership and limited liability protection similar to a private limited company. LLPs gained popularity quickly after their official introduction in 2010, with over a lakh company registrations recorded by September 2014.
Key Advantages of LLP
The major and significant advantage of LLPs is about liability — one is not responsible for another's irresponsibility, negligence, or misconduct. It also guards each partner from the debts of the business, ensuring that personal assets are protected. In contrast to the relation between a private limited company and its shareholders, here partners can have a direct participation in managing the business. This structure is especially preferred by professionals and closely-held businesses for its simplified compliance, ease of management, and legal safety.
Ideal for Small and Professional Firms
For professionals like chartered accountants, solicitors, architects, and other service providers, limited liability partnerships (LLPs) are the best option because they are among the simplest businesses to set up and administer in India. Pratik S. Kothari & Associates, a reputed Chartered Accountancy firm and Chartered consultant in Magarpatta, Hadapsar, and Pune, offers complete Business Startup Services, which also comprises LLP registration, compliance, and legal advisory.
Other Statutory Registrations
PAN (Permanent Account Number)
PAN or Permanent Account Number is a 10-digit alphanumeric code; it is a unique identification system issued by the Income Tax Department under the Indian Income-Tax Act, 1961. It is important for all financial and taxation purposes and is often the first step in starting a business.
TAN (Tax Deduction Account Number)
TAN is required for all entities responsible for deducting or collecting tax at source. This 10-digit alphanumeric number must be quoted in TDS/TCS returns, challans, and certificates. We assist businesses with swift and error-free TAN applications through our expert income tax filing services.
Profession Tax Enrollment & Registration
Profession tax is levied by individual state governments and is mandatory for individuals earning income through salary or profession (e.g., Chartered Accountants, lawyers, doctors). Employers must obtain both Enrollment and Registration Certificates to deduct and pay the tax. As a reliable tax consultant in Pune, we ensure timely and compliant registration under Profession Tax.
Shop Act Registration
Within 30 days of opening for business, all commercial establishments are required to register under the Bombay Shops and Establishment Act. To get permits and maintain regulatory compliance, local municipal authorities must manage this state-level registration. At Pratik S. Kothari & Associates, our experts offer end-to-end assistance for Shop Act Registration and related Compliances.
Importer Exporter Code (IEC)
IEC or Import Export Code is a obligatory tool to carry on activities related o exportt and import in India. The Ministry of Commerce's Director General of Foreign Trade (DGFT) is responsible for issuing this special 10-digit code. Our CA consultancy team assists with quick and hassle-free Import Export Licence applications, ensuring your business is ready for international trade.