Checklist to Start a Private Limited Company
Minimum Two Person: Register your company with at least two persons to act as the initial shareholder & director. The company can have up to 200 shareholders & 15 directors. The same person can become a director as well as shareholders.
Resident Director: One director of the company should be resident in India. A Person is known as a Resident Indian when he/she stays in India for over 120 days during the previous financial year. Citizenship is immaterial for this purpose.
Registered Address: For registration of the company, you need to submit the proof of Registered Office & NOC from the owner. You may register a company on a communication address in case of difficulty; however, within 60 days, the company must have its registered address.
Capital Requirement: Invest as per the business’s requirement, & as such, there is no prescribed minimum or maximum capital. However, the ROC Fee and the Stamp Duty is calculated on the authorized capital and the location of the registered office of the company.
New & Unique Name: The name of the proposed new company must be unique and eligible, in view of name guidelines as prescribed under section 4 of the Companies Act, 2013. If you need help, please contact us, we would help in deciding name of your startup.