The blog gives you better insight into the minimum requirements for Company Registration in India, as per the Companies Act 2013. In the dynamic business landscape, it's necessary to be aware of such requirements as they are essential for a private limited company registration in India that provides your business a distinct legal identity for all practical purposes.
Minimum Requirements for Company Registration in India
1. At Least 2 Shareholders
2. At Least 2 Directors
3. An Indian Resident Director
4. Valid Company Name
5. Registered Office
6. Capital
7. Digital Signature Certificates (DSCs)
Gaining insight into the minimum essential requirements for private limited company registration in India can be useful in meeting the basic requirement prior to going for company registration in India. This step will ensure a seamless and legally sound company incorporation process. These requirements, including shareholder and director criteria, a valid & unique company name, a valid Registered Office Address, Sufficient Capital, and the Digital Signature Certificates, form the foundational pillars of registering a private limited company under the Companies Act of 2013.
Adhering to such requisites not only ensures compliance with regulatory frameworks but also lays a foundation stone for a sustainable business journey by providing it a distinct legal identity and privileges it deserves as per the Indian Corporate landscape.
Reaching out to a professional consultant is always advisable to get your company registered in India seamlessly!
FAQs
Q1: Can a foreign individual or company be a shareholder in a Private Limited Company?
Q2: Is it mandatory for each director of a Private Limited Company to be an Indian resident?
Q3: What is the significance of a DSC in the company registration process?
A Digital Signature Certificate (DSC) plays a key role while undergoing the online application process for company registration. The digital signature acts as an electronic equivalent of a physical signature, ensuring the authenticity and security of documents submitted online.
The Class 3 DSC of an authorized director or signatory is also used to authenticate and attest the required forms and documents submitted during the process of private limited company registration in India.
Q4: Can a Private Limited Company have more than two shareholders and directors?
Yes, a Private Limited Company can have more than two shareholders and directors. It is the minimum requirement to register a company in India with at least two shareholders and directors, the Companies Act allows for up to 200 shareholders and a maximum of 15 directors.
However, the shareholders reserve the right to increase the number of shareholders and directors specified above. They can pass a resolution to increase the number of directors beyond 15 wherever it becomes necessary.
Q5: What happens if the proposed company name is rejected by the ROC?
If your proposed company name gets rejected by the ROC, a fresh application for the ‘Name Approval’ needs to be filed with a different name adhering to the guidelines set forth by the concerned department. Make sure to choose a company name that is unique, and also comply with the MCA guidelines, and does not infringe upon existing trademarks or company names.
Once your company name has been approved, it will be reserved for 20 days during which the applicant must complete its registration process.
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If anyone is new to company registration in India, this blog will definitely simplifies the process into manageable steps and clears all his doubts related to this topic. The explanations are clear, making it easy to understand.