Basic Requirements For Private Limited Company Registration in India
Basic Requirements For Private Limited Company Registration
- A minimum of two shareholders and two directors
- Shareholders and directors can be the same person
- Foreign nationals and NRIs can also be directors as well
- It is mandatory for all directors to have DSC (Digital Signature Certificate)
- Maximum 3 directors are allowed in the form at the initial time of Incorporation
- Minimum Paid-up and Authorized capital
Note*: Once you receive the Incorporation, You can choose to have an addition and removal of directors at any point in time.
Paid-up capital: The actual amount of shares that are issued by the company to its shareholders. The capacity to issue more shares depends on the authorized capital of the company.
Authorized capital: This is the maximum amount of shares the company can issue. Approval from the shareholder and the payment of a fee to the government is required to increase the authorized capital.
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