Can I apply for a company name online?
Yes, you can use the RUN (Reserve Unique Name) function at the MCA portal to reserve a company name online.
What is the minimum number of directors required for registration of a company?
In case of
● 1 director for One-person company
● 2 directors for Private limited company
● 3 directors required for Public limited company
● 5 directors required for Producer company
Note: Every company must have at least one director who spends at least 182 days in India during the financial year.
What is the minimum capital required at the time of registration?
The minimum capital requirement at the time of registration is
● Rs.1 for One Person Company
● Rs.2 for Private Limited Company
● Rs.7 for Public Limited Company
Note:- It is advised that the company have adequate share capital to get it through its earliest stages.
Is it necessary for me to be physically present during the registration process?
No, all processes are carried out online. You can share the necessary documents and information for the company registration process through e-mail.
How long does it take to register a company?
With the help of knapadvisory.com, you may get company approval in just five working days from the date of name approval.
What is the cost of running a Private Limited Company?
It is entirely depending on the size of the company. Contact our knowledgeable staff at - 93119-72982 or 95994-06069.
Can an NRI or a foreigner act as the company's director?
Yes, an NRI or a foreigner can be appointed as a director of a Private Limited Company. They must obtain DIN from Indian ROC.
Can I register a Private Limited Company on my home address?
Yes, you can register your company with a home address. You must submit a NOC
Can I register my family member as a director of the company?
Yes, you can add a family member as a director or a member. You can also adjust the company's directorship/shareholding in the future.
Who can be director of the Company?
Anyone above the age of 18 can become a company's director.
Is GST registration mandatory for companies?
It is mandatory for those whose annual turnover surpasses 40 lakhs in the case of goods and 20 lakhs in the case of services.
Is it possible for me to serve as both a director and a shareholder in my company?
Yes, you can be a director as well as a shareholder in your company
How many persons can become directors of the Company?
A maximum of 15 directors can be appointed as directors. In an exception, you can appoint more than 15 directors if 3/4 of the shareholders agree.
What is Authorised Capital of the company?
The maximum number of shares that a company can issue. It is recommended not to keep needless high authorised capital authorized capital in your company because it may be altered in the future.
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