Overview
Every day many companies are being registered in India under Startup India. If you also want to open a company then know how many people are required for a private limited company? Ever since PM Modi has started Startup India, the rate of registration of new companies in the country has increased. A lot of people are registering their companies and are getting them included in the unicorn category in no time. If you also want to open a private limited company, then you should know how many people are required for it.
What does the rule say?
Opening a company is an important and responsible task which should be done very thoughtfully and according to the rules. To open a private limited company, at least two directors and two members are required. It operates under the Company Act, 2013 and the maximum number of members in it can be up to 200.
Is it necessary to have two shareholders?
This process has a limit on the number of members and their liability is also limited. The liability of the directors is also limited to their creditors. The shares are traded privately and the company is incorporated under the Ministry of Corporate Affairs. Certain conditions need to be met to open a company. The number of members should be between 2 to 200 and there should be at least two directors and two shareholders. Each director must have a Director Identification Number (DIN) which is given as per the rules.This process of opening a company should be carried out with special responsibility and sensitivity, because it not only takes care of the business and operations of the company, but with its help, useful contributions can also be made to the society.
Read Also : How to Register a Company in India
Read Also : Farmer Producer Organisation know the difference between FPO and FPC
Read Also : How to change GST registration details of a business?
Read Also : How is GST registration done for small businesses, what documents required?
Read Also : GST Registration : Threshold, Fees, Documents, Steps, Penalty
Read Also : Startup India Registration : What it is and benefits?
Read Also : Voluntary Closure of Private Limited Company
Read Also : Finding Compliance Difficult and Costly Try Non-Compliance
Read Also : Basic Mantras of Starting a Startup Business Everything You Need To Know
Read Also : Business skills for startups | Skills for guaranteed success
Read Also : Trademark Registration: What it is, How To Apply for it?
Read Also : How to Apply for GST Registration? Know Step by Step Process
Read Also : What is company registration?
Read Also : how to renew trademark registration online?
Read Also : Govt to launch four online portals including Press Sewa Portal
Read Also : Is a Private Limited Company Right for You?
Read Also : LLP Company Registration, Process, Documents & Benefits
Read Also : How to Register a LLP Company in India?
Read Also : LLP Registration, Benefits, Eligibility, Procedure and Required Documents
Read Also : Top 10 Reasons to Invest in a Private Limited Company
Read Also : Private Limited Company Registration Everything You Need To Know About
