Eligibility for Company Registration

Eligibility for Company Registration

In India, the eligibility criteria for company registration depend on the type of company you wish to register. The most common types of companies in India are private limited companies and public limited companies. Here are the general eligibility requirements for each:

Private Limited Company :

  1. Minimum Directors: A minimum of two directors is required to register a private limited company in India. At least one of the directors must be a resident of India (a person who has stayed in India for a total period of not less than 182 days in the previous calendar year).
  2. Shareholders: A minimum of two shareholders is required, and the maximum number can be up to 200.
  3. Capital: There is no minimum capital requirement for a private limited company in India. You can start with any amount of capital.
  4. Name Availability: The proposed name of the company should be unique and not infringe on any existing trademarks or copyrights.
  5. Registered Office: The company must have a registered office address in India, which can be a residential or commercial property.

Public Limited Company:

  1. Minimum Directors: A minimum of three directors is required to register a public limited company in India. At least one of the directors must be a resident of India.
  2. Shareholders: A minimum of seven shareholders is required for a public limited company, and there is no maximum limit.
  3. Capital: A public limited company must have a minimum authorized capital of Rs. 5 lakhs (approximately $7,000) and a minimum paid-up capital of Rs. 1 lakh (approximately $1,400).
  4. Name Availability: The proposed name of the company should be unique and not infringe on any existing trademarks or copyrights.
  5. Registered Office: The company must have a registered office address in India, which can be a residential or commercial property.
Apart from these general requirements, there are specific compliance and documentation requirements that need to be fulfilled during the registration process. It is advisable to consult with a professional chartered accountant or company secretary to ensure that you meet all the eligibility criteria and complete the registration process successfully.

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