Any person above 18 years can become a director. Non-residents can also become director of Indian companies.
ID proof and residence proof of all the proposed directors, PAN card is mandatory for Indian nationals. No objection certificate from the owner of registered office or lease agreement must be produced.
Digital signature is process to authenticate and validate records electronically. DSC is required for every director of the company as the Ministry of Corporate Affairs (MCA) mandates digital signature of directors on some documents.
Authorized capital of a Company is the amount of shares a company can issue to its shareholders. Companies have to pay authorized capital fee to the government so as to be able to issue shares. Companies have to pay authorized capital fee for a minimum of Rs.1 lakh.
Yes, a foreign national can become director of a private limited company. Atleast one director in a company should be resident Indian.
Yes, a foreign national can become director of a private limited company. Atleast one director in a company should be resident Indian.
Yes, a partnership firm can be converted into private limited company by following the procedure laid down in Companies Act 2013.
A private limited company must have a minimum of 2 directors while the maximum no. of directors can be upto 15.
Company’s proposed name should be unique i.e., it should not be identical to any existing name. Names that infringe others’ rights, trademarks or patents are likely to be rejected by ROC
DIN is a unique identification number which is allotted to all the directors existing or proposed. DIN can be obtained by filing e-form DIN1 in MCA portal.
Every private limited company must hold a board meeting atleast once in every three months and an Annual general meeting (AGM) every year.
Yes, Companies Act 2013 provides rules for converting a private limited company into a public limited company.
