When commencing a business, businessmen have multiple choices as to the kind of business entity that they can form. The Indian Company Law gives options including Private Limited Company, Public Limited Company, LLPs, Sole Proprietorships, etc. A businessman can form an entity as per the amount to be invested, a number of members, the burden of liabilities, etc. Off late, there are several benefits of private companies over public limited companies. Hence, there are various reasons why it has become a top-most choice of businessmen and is being chosen over the option of Public Limited Companies.<\/p>\n\n\n\n
Recently, the Ministry of Corporate Affairs (MCA) has brought major changes in the incorporation of private limited companies<\/strong>. With the introduction of Companies (Registration Office and Fees) Amendment Rules, 2018, MCA<\/strong>[1]<\/em><\/strong><\/a><\/sup> has removed the fee charges at various stages of incorporation. The whole process of incorporation has become faster and smooth, even though stamp duty is still levied. The concept of \u201czero fees<\/strong>\u201d has implemented for all companies with authorized capital up to INR 10 Lakhs.<\/p>\n\n\n\n Table of Contents<\/p>\n