Private limited companies in India are subject to various compliances under the Companies Act, 2013, and other relevant laws. These compliances can be broadly categorized into two main areas:
Partnership firms in India have fewer compliance requirements compared to companies, but still need to follow certain regulations to ensure legal and transparent operations.
Sole proprietorships in India enjoy a simpler regulatory structure compared to companies or partnerships. However, there are still some essential compliances to ensure smooth operations and tax obligations are met