You came across two old options and you ingored or missed third very important option i.e. LLP (Limited Liability Partnership).
If you are about to chose your working option as COMPANY, I would like to suggest yout to go for LLP. It very much cost effective, easy, Time saving and most improtantly TAX SAVING.
LLP is works under the Ministry of Corporate Affairs (MCA) as the companies works and its status is quivalent to Pvt. Ltd. Co.
For more information, clarification and incorporation, we would like to assist you.
JC Law Firm
Mobile - 09923552956