Welfare Associations are whose shares are traded in stock market or issues fixed deposits. For Welfare Associations Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital. A Public limited company have all the advantages of Welfare Associations and the ability to have any number of members, ease in transfer of shareholding and more transparency. Public Limited Registration is done through Balaji IP Prectice. Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent.