Mukhya Consulting Private Limited

Services

Incorporation Services

As one of the fastest growing economies of the world, India offers a ton of lucrative opportunities for businesses.

Whether you’re a foreign company planning to grow your presence in India or a local entrepreneur looking to start a business, Mukhya’s incorporation services can help you.

Our company incorporation and registration services in India provide you expert guidance in getting started and cover every compliance and licensing needs involved in the process.

We begin with a thorough understanding of your goals and objectives, strengths and weaknesses to help you choose a business type that suits your operations. Because each type has its own distinctions, guidelines of operations, statutory compliance issues, and taxation criteria, we have experts on our team who have specific experiences and expertise in handling the incorporation needs of:

Public Limited Companies
Private Limited Companies
One Person Companies (OPC)
Limited Liability Partnerships (LLP)
Partnership Firms
Proprietorship Concerns
Section 8 Companies (NGO/NPO)
Public/Private Trusts (NGO/NPO)
Cooperative Societies (NGO/NPO)

Our incorporation services are designed to offer you complete relief from tedious paperwork, filing hassles, and ensure you receive every type of support — be it legal, set-up related or operational — under one roof, so you can get your business started in a simple, seamless, and streamlined manner. Mukhya’s allied services with respect to incorporation include:

Registering and setting up an overseas project office in India
Setting up a branch office or liaison office
Tax planning for all types of registered entities
Audit and Assurance Services
Taxation Services
Compliance Services
Registration and Licensing Services for GST, Income Tax, ESIC, EPF, Foreign Trade, etc.
General Business Support and Advisory Services
Secretarial Services
Legal Support Service

FAQ

How do I choose the form of entity that's best suited for my business?

The most appropriate form of entity will vary from business to business. But, here are some key factors to determine what's best for yours:

Nature of your business
Number of business partners involved
The scale of your operations
The extent of investment expected
Future outlook of your business

The good news is that you don't have to decide alone. At Mukhya, we have a highly qualified team that will understand your requirements and expectations in detail, explain the various forms of available businesses, their advantages, and disadvantages, and ultimately, help you choose the right form of entity for your business.

Is DIN required to be a partner in an LLP firm?

Yes. To be an LLP firm partner, you need the DPIN (Designated Partner Identification Number). It is the same as DIN and can be used interchangeably. If a partner is a director in another company, he would already have a DIN that can be used as a DPIN to become an LLP partner.

What is the minimum and the maximum number of directors required to incorporate a private limited company?

A private limited company must have at least two directors and a maximum of 15 directors. More than 15 directors may be appointed after passing a special resolution in the general meeting of shareholders.

What is the difference between a partnership firm and a private limited company?

Both partnership firms and private limited companies are the forms of entities that one can form to run business activity in India. However, there are many differences between the two forms, as shown in the table below.

	Partnership firm	Private Limited Company
Definition	An agreement between two or more persons who join hands to run a business activity and share its outcome among themselves.	An artificial person—having the separate identity, perpetual succession, and common seal—formed and governed by the law.
Governing act	Indian Partnership Act, 1932	Companies Act, 2013
Registration	Registration is not compulsory, but registered entity is preferred	Registration is compulsory to comply with the Act
Min. capital	No minimum capital required for formation	A minimum capital of ₹1 lakh required to form a private company
No. of members	Requires at least 2 partners, but not exceeding 50	Must have a minimum of 2 members and maximum of 200
Separate legal entity	A partnership firm has no separate identity from its partners.	Private Company is a separate entity with an ability to own assets in its name.
Transfer of ownership	Transfer of ownership depends on the consent of the partner and the clause of partnership deed	Transfer of ownership can happen through shares if shareholders give their consent
Statutory audit	Statutory audit does not apply but tax audit might be based on turnover	Statutory audit is mandatory and an auditor must be appointed within 30 days of incorporation
Existence/dissolution	Change in partner causes dissolution or formation of another partnership firm.	Any change in members or directors has no effect on the company’s existence.
Foreign participation	A foreign national cannot be made a partner in a partnership firm	Investments by foreign nationals are allowed under the Automatic Route

What is the difference between a partnership firm and an LLP?

The major differences between the two entities are covered in the table below.

	Partnership firm	Limited Liability Partnership
Definition	An agreement between two or more people who have agreed to collectively run a business and share its profits.	An entity that is separate from its partners, but also has perpetual succession.
Governing act	Indian Partnership Act, 1932.	Limited Liability Partnership Act, 2008.
Registration	Optional but preferred.	Compulsory to register with registrar of LLP.
No. of members	Requires at least 2 partners and a maximum of 50.	A minimum of 2 members and no limit on the maximum no. of partners.
Liability	Liability of a partner is unlimited.	Liability of a partner is limited to the extent of their contribution to the LLP.
Existence/dissolution	Any change in the partnership causes dissolution or formation of another partnership firm.	Any change in the partnership does not affect the existence, rights or liabilities of the LLP.
Foreign participation	A foreign national cannot be a part of a partnership firm in India.	A foreign national can be a partner in an LLP in India.