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    HeadingPrivate CompanyPublic CompanyOne Person CompanyLimited Liability Partnership
    Private Company is governed by the provisions of the Companies Act, 2013 read with the allied Rules Public Company is governed by the provisions of the Companies Act, 2013 read with the allied Rules One Person Company is governed by the provisions of the Companies Act, 2013 read with the allied Rules LLP is governed by the provisions of the Limited Liability Partnership Act, 2008 read with the allied Rulesd
    Private Company is a separate legal entity distinct from its Members/ Directors Public Company is a separate legal entity distinct from its Members/ Directors One Person Company is a separate legal entity distinct from its Members/ Directors LLP is a separate legal entity distinct from its Members/ Directors
    Liability of Members is limited to the amount unpaid on the shares held by them Liability of Members is limited to the amount unpaid on the shares held by them Liability of Sole Member is limited to the amount unpaid on the shares held by him Liability of partners is limited to the amount of capital contributed by them
    In case of Private Company, minimum number of directors required is two (2) and the maximum number of directors can be fifteen (15). In case the company wants to increase the number of directors beyond fifteen then it shall seek approval of members by way of special resolution In case of Public Company, minimum number of directors required is three (3) and the maximum number of directors can be fifteen (15). In case the company wants to increase the number of directors beyond fifteen then it shall seek approval of members by way of special resolution In case of One Person Company, minimum number of directors required is One (1) and the maximum number of directors can be fifteen (15). In case the company wants to increase the number of directors beyond fifteen then it shall seek approval of members by way of special resolution Every LLP shall have at least two (2) Designated Partners while there is no limit on the maximum number of Designated Partners that a LLP can have
    In case of Private Company, minimum number of members shall be two (2) and the maximum number of members can be two hundred (200) In case of Public Company, minimum number of members shall be Seven (7) and there is no limit on the maximum number of members One Person Company shall have only one (1) member Every LLP shall have at least two (2) Designated Partners while there is no limit on the maximum number of Designated Partners that a LLP can have
    Every private company shall have at least one resident director Every public company shall have at least one resident director Every one person company shall have at least one resident director Every LLP shall have at least one resident Designated Partner
    FDI is allowed in a private company FDI is allowed in a public company FDI is not allowed in one person company FDI is allowed in LLP
    In case of private company, control is exercised by the members by virtue of holding share capital of the company which is freely transferable In case of public company, control is exercised by the members by virtue of holding share capital of the company which is freely transferable In case of One Person Company, sole member can transfer control by virtue of transfer of shares held by him in whole. Transfer of shares in part is not allowed in case of One Person Company In case of LLP, a partner can transfer his interest/ control in LLP to another person with the consent of other partners
    "IncomeTax Rate is 25%, If total turnover or gross receipts does not exceed Rs.400Cr. in PY(2017-18) In case of other domestic Co., tax rate is 30%. Where company opted for Section-115BA*-25%; section-115BAA*-22%; Section-115BAB*-15% Surcharge Rate is 7% if total income exceeding 1Cr. but doest not exceed 10Cr otherwise 12% Health & Education Cess: 4% on Income Tax and Surcharge *Irrespective of turnover limit" "IncomeTax Rate is 25%, If total turnover or gross receipts does not exceed Rs.400Cr. in PY(2017-18) In case of other domestic Co., tax rate is 30%. Where company opted for Section-115BA*-25%; section-115BAA*-22%; Section-115BAB*-15% Surcharge Rate is 7% if total income exceeding 1Cr. but doest not exceed 10Cr otherwise 12% Health & Education Cess: 4% on Income Tax and Surcharge *Irrespective of turnover limit" "IncomeTax Rate is 25%, If total turnover or gross receipts does not exceed Rs.400Cr. in PY(2017-18) In case of other domestic Co., tax rate is 30%. Where company opted for Section-115BA*-25%; section-115BAA*-22%; Section-115BAB*-15% Surcharge Rate is 7% if total income exceeding 1Cr. but doest not exceed 10Cr otherwise 12% Health & Education Cess: 4% on Income Tax and Surcharge *Irrespective of turnover limit" "IncomeTax Rate is flat 30% Surcharge Rate is 7% if total income exceeding 1Cr. but doest not exceed 10Cr otherwise 12% Health & Education Cess: 4% on Income Tax and Surcharge "
    In addition to any other meeting, every private company shall conduct an Annual General Meeting each year In addition to any other meeting, every public company shall conduct an Annual General Meeting each year In addition to any other meeting, every one person company shall conduct an Annual General Meeting each year There is no requirement under the LLP Act, 2008 related to meeting of Partners
    Minimum four Board Meetings shall be conducted every calendar year in such a manner that not more than 120 days shall intervene between two consecutive meetings of the Board Minimum four Board Meetings shall be conducted every calendar year in such a manner that not more than 120 days shall intervene between two consecutive meetings of the Board At least one Board Meeting shall be conducted in each half of a calendar year and the gap between the two meetings is not less than ninety days There is no requirement under the LLP Act, 2008 related to meeting of Partners
    It is mandatory for every private company It is mandatory for every public company It is mandatory for every one person company Statutory audit is not applicable on LLP if turnover does not exceeds 4 Million INR or contribution does not exceed 2.50 Million INR
    "Company is required to submit tax audit report under section-44AB by september 30. Company who furnishes report under Section 92E, tax audit report under section-44AB by November 30" "Company is required to submit tax audit report under section-44AB by september 30. Company who furnishes report under Section 92E, tax audit report under section-44AB by November 30" "Company is required to submit tax audit report under section-44AB by september 30. Company who furnishes report under Section 92E, tax audit report under section-44AB by November 30" "LLP is required to submit tax audit report under section-44AB by september 30. LLP who furnishes report under Section 92E, tax audit report under section-44AB by November 30"
    Every private company is required to file its financial statement with the Registrar of Companies within 30 days of its Annual General Meeting (AGM) and Annual Return within 60 days of AGM Every public company is required to file its financial statement with the Registrar of Companies within 30 days of its Annual General Meeting (AGM) and Annual Return within 60 days of AGM Every one person company is required to file its financial statement with the Registrar of Companies within 30 days of its Annual General Meeting (AGM) and Annual Return within 60 days of AGM In case of LLP, annual return is required to be filed with the Registrar of Companies within 60 days from closure of financial year and statement of insolvency within 30 days from the end of 6 months from the closure of Finanacial year
    Statutory compliances applicable on a private company is quite high Statutory compliances applicable on a private company is quite high Statutory compliances applicable on a one person company is relatively moderate compared to a public and private company Statutory compliances applicable on LLP is relatively less compared to a company