•  A minimum of two shareholders and two directors
•  Shareholders and directors can be the same person
•  Foreign nationals and NRIs can also be directors as well
•  It is mandatory for all directors to have DSC (Digital Signature Certificate)
•  Maximum 3 directors are allowed in the form at the initial time of Incorporation

Note*: Once you receive the Incorporation, You can choose to have an addition and removal of directors at any point in time.

•  Minimum Paid-up and Authorized capital

Paid-up capital: The actual amount of shares that are issued by the company to its shareholders. The capacity to issue more shares depends on the authorized capital of the company.

Authorized capital: This is the maximum amount of shares the company can issue. Approval from the shareholder and the payment of a fee to the government is required to increase the authorized capital.

Your dream to start a business in India can’t come to realization if you don’t have a proper business entity to support it. A private limited company is India’s most prominent form of business entity. From veterans to novices, from budding start-ups to established entrepreneurs, and from north India to south India, it is considered the best business entity.
In order to start your business with such an entity, you must go through the private Limited company incorporation process. Once you are successful with the process, you will get to enjoy the perks of a private limited company that includes the following:
Private Limited Company Registration in India

• Easy access to loans: For a business incorporated as a private limited firm, it is easy to acquire loans.
• Perpetual existence: Once the company is registered, it will be able to exist even after the owners have died.
• Separate legal entity: After you register a private limited company, the company becomes a separate legal entity.
• Ability to own property: A private limited company formation leads to the company becoming a separate legal entity.
• Tax benefits: A registered private limited company also enjoys many tax benefits.

Private Limited Company registration requirements

The applicant must observe the following pre-conditions for the online Registration of a Pvt Ltd Company:

• Minimum two directors
• Minimum two shareholders
• At least one director should be from India
• Maximum 200 shareholders.

Document requirements to register a Private Limited Company

In regard to the new online Pvt Ltd Company Registration in India, the following documents are needed:

• Self-attested PAN card copy
• One (Colour) Photograph
• Self-attested copy of any one of the Identity Proof like Driving License, Passport, or Voter ID.
• Self-attested copy of any one of the Address Proof like Bank Pass Book/Bank Statement, Telephone Landline Bill/ Mobile Bill, or Electricity Bill.
• For the Company Address proof Electricity Bill, Telephone Bill, Mobile Bill or Gas Bill AND Rent Agreement (If Rented) AND NOC for doing Business & for taking Registration.

•  The number of members/directors required is two
•  Separate legal entity
•  Limited Liability
•  Free and easy transferability of shares
•  Brand value
•  Continuity of existence
•  Scope of expansion
•  Foreign Direct Investment (FDI)
•  Funds can be obtained easily
•  Company is limited by shares
•  Capacity to sue and be sued

While Registering your pvt ltd company , there are quite a few protocols that you need to follow. You need to choose the structure of your business and also decide on whether your company will be limited by shares, guarantee or an unlimited company.