Business
Companies Act 2013 with fully online incorporation
Private limited companies incorporate through the MCA's SPICe+ form with no minimum capital. At least one director must be resident in India for 182 days or more.
Key rules
- Every director needs a Director Identification Number.
- Companies above prescribed thresholds must spend 2% of average net profit on CSR.
- Statutory audit is mandatory for every company regardless of size.
Governing law
- Companies Act 2013
- Insolvency and Bankruptcy Code 2016
In practice
Incorporation is genuinely fast online, but GST registration, professional tax and state-level shop-and-establishment registrations add the real timeline.