The following types of Business entities can be formed in India.
A private limited company, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 200 and restricts shareholders from publicly trading shares. The minimum Capital requirement is Rs.100000/- (Rs. One lac only).
A Public Limited Company has permission to issue its shares to general public through initial public offer (IPO) and the shares are traded atleast in one Stock Exchange. There are no restriction on number of Share holders. The Minimum Capital Requirement for a Public Limited company is Rs.500000/- (Rs.Five lacs only).
It is a separate Legal Entity and all the partners shall have limited liability. Either LLP Act 2008, or Indian Partnership Act, 1932 are not applicable to it and LLP is regulated by a contractual agreement between partners.
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