1. At least two directors and shareholders, with one being an Indian resident and citizen

2. A valid registered office address for the company

3. Clear and legible documents for all shareholders and directors

4. Company name must comply with MCA naming guidelines

5. Minimum authorized and paid-up capital requirement to be met

There is no minimum paid-up capital required to start a Private Limited Company. However, under the Companies Act, the company must have a minimum authorised capital of ₹1 lakh, divided into 10,000 equity shares with a face value of ₹10 each. Each shareholder must subscribe to at least one share to provide initial capital for the business. The paid-up capital should be deposited into the company’s current account as share capital.

Authorized capital is the maximum capital a company can raise by issuing shares, either now or in the future. It can be increased later if the company wants to raise funds by issuing new equity. Stamp duty for company registration is calculated based on the authorized capital.

Paid-up capital, on the other hand, is the actual amount paid by shareholders for their shares. A company in India can be incorporated with any amount of paid-up capital, as long as it does not exceed the authorized capital.

Director Identification Number (DIN) is a unique identifier issued by the Ministry of Corporate Affairs (MCA) to individuals aspiring to become company directors or designated partners in an LLP. Each individual is assigned only one DIN. It can be surrendered anytime by submitting the required forms to the MCA. Additionally, all DIN holders must complete the annual DIR-3 KYC filing to keep their DIN active.

A Digital Signature Certificate (DSC) is a secure digital token issued by certified authorities. It serves as an electronic signature for directors, promoters, and shareholders when filing forms with the MCA. All directors and MOA subscribers (company promoters) must have a DSC to submit incorporation e-forms. Additionally, a director’s DSC is required for filing GSTR, ITR, and ROC forms.

Yes, you can use your residential address to register a Private Limited Company. For address proof, provide the latest Utility Bill (Electricity, Telephone, Gas, or Water) or the Property Tax Bill of that address. If the property belongs to another family member, an NOC must be attached. The registered office is where the business receives communications from the MCA and other authorities, and this address is publicly displayed on the Ministry’s portal.

Yes, a Private Company can operate multiple businesses within the same or similar fields. These activities must be specified in the company’s Memorandum of Association (MoA) and approved by the registrar. However, unrelated business activities cannot be included under the same company—for instance, fashion designing and event management are distinct and cannot be listed as primary activities of a single company.

1. After company registration, promptly complete these key steps:

   • Open a current bank account within 30 days of receiving the PAN card.

   • Appoint the First Statutory Auditor.

   • Deposit the paid-up capital as specified in the MoA.

   • Issue and allot shares to the subscribers.

   • File Form INC-20A within 180 days of receiving the Certificate of Incorporation.

Professional Tax Registration is mandatory only for newly incorporated companies in Maharashtra, Karnataka, and West Bengal.
Shops and Establishment Registration is optional and available only for new companies incorporated in Delhi. However, it is recommended to obtain this registration since the Labour Department’s website does not offer First Time Registration services otherwise.
For all new companies incorporated via SPICe+, selecting a bank to open a current account is mandatory. Currently, many banks are integrated with the AGILE-PRO-S system for seamless account opening, including Punjab National Bank, ICICI Bank, SBI, Kotak Mahindra Bank, Bank of Baroda, HDFC Bank, IndusInd Bank, UBI Bank, and Axis Bank.