• (a) Minimum 2 Shareholders
• (b) Minimum 2 Directors
• (c) At Least 1 of the Directors shall be an Indian Resident
• (d) The directors and shareholders can be the same person.
• (e) Minimum Authorised Share Capital to be Rs.1 Lac
• (f) DIN (Director Identification Number) for all Directors
• (g) DSC(Digital Signature Certificate)for Directors, Shareholders & Witness
• (h) 1 Witness for MOA / AOA Subscribers

Private limited company is suitable for all types of business whether services or products but for consultancy works like doctors, lawyers and chartered account services are suitable in Limited Liability Partnership instead of private limited company.

Every private limited company has to file an annual return to the ROC of respective States. AOC-4 and MGT-& or &A is required to file every year.as annual return.

Yes, a separate PAN card is required for a private limited company because a private limited is a separate entity from owners.

As per GST Act, GST registration is mandatory if turnover exceeds Rs 20/40 lakhs but practically many banks require a GST certificate at the time of opening a bank account.

GST monthly/quarterly return is mandatory for all types of business i.e. even in case of NIL turnover GST return is mandatory to file every month/quarterly.

Yes GST registration Number can be surrendered with valid reason

Private Limited Company is a corporate assessee however 25% or 30% income tax applicable on private limited company.