Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

We, four to five people together, want to open a company which can trade in stocks, futures and options, and also make short-term as well as long-term investments. We may bring in a total capital of Rs 2 lakhs to 3 lakhs to start this business.

Questions:
1. Is it possible to open a company which can trade in stocks and its derivatives (which would also be a company’s primary business activity)?
2. Please suggest, whether we should register a Private Limited Company or a Partnership firm? Which one is better so that in future we can be compliant with rules of Companies Act?
3. Any minimum capital requirement for Pvt. Ltd or Partnership firm?
4. Can we open a trading as well as dmat account with Zerodha as a private limited company or as a partnership firm?
5. Any tax benefits if we choose either of them?

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