Eligibility Criteria for Private Limited Company Registration

To register a Private Limited Company in India, you must meet the following eligibility criteria:

Minimum Requirements:

1. Directors: Minimum 2 directors required

   - At least one director must be an Indian resident (stayed in India for at least 182 days in the previous year)

   - Directors must be at least 18 years of age

   - Directors must have a valid DIN (Director Identification Number) or will be allotted during incorporation

2. Shareholders: Minimum 2 shareholders required

   - Can be same as directors

   - Maximum 200 shareholders allowed

   - Can be individuals or body corporates

3. Unique Name: The proposed company name must be unique and not similar to existing companies or trademarks

4. Registered Office: Must have a registered office address in India (can be residential or commercial)

5. Minimum Capital: No minimum capital requirement (can be as low as Rs. 10,000)

Who Can Be a Director?

- Indian Nationals: Any Indian citizen above 18 years with a valid PAN card

- Foreign Nationals: Any foreign national with a valid passport (requires at least one Indian resident director)

- NRIs: Non-Resident Indians with valid passport and foreign address proof

Disqualifications for Directors:

- Person declared unsound mind by a court

- Person declared insolvent

- Person convicted for any offense involving moral turpitude

- Director of company that failed to file financial statements/returns for 3 consecutive years

For assistance with eligibility assessment, contact us at help@setindiabiz.com or call +91-9899600605.