There are some pre-requisites to register a company. These are minimum shareholders and directors, etc. Before starting the process, keep in mind the pre-requisites for company registration as given below:
Shareholders:
To register a Private Company, there should be a minimum of two shareholders and for Public Company it is seven. The first shareholder should execute the Memorandum and Articles of Association for registering the Company.
Directors:
A Private Company should have a minimum of two directors and a Public Company should have minimum three directors. Only individuals can be designated as directors of a company. Where a new company is registered by two or more existing companies or LLPs, the promoter company or LLP can nominate individuals as directors of the new company. An individual should hold a valid DIN to become a director of a company.
Director Identification Number (DIN):
DIN is an identification number allotted by the MCA. A DIN can be obtained by the proposed Director of a Company while filing the incorporation documents validated by professionals. An Indian National should have a Permanent Account Number (PAN) allotted by the Income Tax Department to obtain a DIN. In case of Non-Indian Nationals, copy of passport is mandatory for obtaining the DIN.
Digital Signature Certificate:
All filing including DIN applications are made through the MCA online application system, appended with a valid Digital Signature Certificate (DSC). One of the Director Designate should have a valid digital signature to submit online applications for Company Registration.
Incorporate Your Company
Register your Private Limited Company in Easy and Simple steps from the people who helped Sachin Bansal and Binny Bansal to register FLIPKART