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Company Registration FAQ
Private company need minimum 2 director, public company 3 and one person company 1. of which one shall be resident in India. Only natural person allowed to become director of a company.
To become a director of a company one must obtain Director Identification Number(DIN). It can be obtained by filing application with Ministry of Corporate Affairs
Number of Shareholder / Directors required for registering a Limited company varies depends on the type of the company, which are;
In case of One Person Company, only an individual who is an Indian citizen and resident in India can become the shareholder. In case of Private Limited Company and Public Limited Company, shareholders could be Individuals, Companies or LLPs, but only individuals can become directors of the company.
Authorised Capital or Registered Capital of a company is the upper limit of capital that a company can issue shares and collect money from shareholders.
There is no Minimum Authorised Capital for registering an OPC, Private Limited Company or public limited company
Paid up capital of a company refers to the amount of capital actually brought in by the shareholders to the company.
Objects are the proposed business of the company. The objects can be any business that is legal. It is advisable to identify the main objects of the company in a particular line of business. The name of the company must be in line with the main objects of the company. If the name of the company is not describing a particular object, then the company can have multifaceted objects. The objects are described under a Clause in Memorandum of Association of the Company.
A company must have a unique Name. The approval of Company Names is subject to Company Name Guidelines issued by MCA. The name of the company should end with the words 'Private Limited (OPC)' or 'Private Limited' or 'Limited' as the case may be. The name of a company should not be identical with or nearly resembling with the name of a company in existence and such a name is already approved by the Registrar of Companies or The name of a Limited Liability Partnership (LLP) in existence or a name already approved by Registrar of LLPs; or A registered trade mark or a trade mark for which an application is filed under the Trade Marks Act, 1999.