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.