Company Registration

Minimum Members and Directors: A Private Limited Company must have at least 2 members and 2 directors, while a Public Limited Company requires a minimum of 7 members and 3 directors.

Shareholders and Directors: Shareholders may be individuals or corporate entities, whereas directors must be natural persons aged 18 years or above.

Director Limits: There is no upper limit on the number of directors. However, a minimum of 2 is required for a Private Limited Company and 3 for a Public Limited Company.

Residency Requirement: At least one director must be an Indian resident, having stayed in India for a minimum of 182 days during the preceding financial year.

Unique Company Name: The proposed company name must be distinctive and should not be identical or similar to existing company names or registered trademarks.

Legal Compliance: The company’s objectives and business activities must be lawful and in accordance with all applicable statutory regulations.

Registered Office: Every company must have a registered office in India, which can be either a commercial or residential address for official correspondence.

Capital Requirement: There is no prescribed minimum paid-up capital; companies can determine their capital structure based on business needs.

Additional Notes: Both individuals and corporate entities are eligible to register a company. However, sectors like NBFCs, banking, and insurance may be subject to additional regulatory requirements.