What are the minimum requirements for Private Limited Company Registration in India?
For the registration of a private company in India, the following requirements must be met:
1. At least 2 directors will be appointed, of which one must be a resident of India.
2. A minimum of 2 shareholders is required for this registration.Here, a person can become a shareholder and a director at the same time.
3. Registered office address of business must be in india
What is the minimum capital requirement?
A minimum paid-up capital requirement is removed during registration as part of the government's effort to make it easier for businesses to register in India. The authorised capital must be at least INR 1 lakh. To introduce the necessary quantity for the business's operation, each shareholder must, nevertheless, subscribe at least one share.
Who can be a director in a private limited company?
After obtaining the Director Identification Number (DIN), any natural person who is at least 18 years old may join the board of directors. In addition, a foreigner may also hold the position of director because no particular requirements for citizenship or residency are stated. The application for the assignment of a DIN has been combined with the application for the creation of a company with a maximum of three DIN.
