Question 1:How do we determine the share allocation for each founding member when setting up a private limited company in India? Question 2: What’s the minimum amount of capital a private limited company in India needs to maintain in its bank account?

The share allocation for each founding member in a private limited company in India is decided by the members themselves through a shareholder agreement, usually based on their individual contributions and roles in the company.

There’s no prescribed minimum capital requirement for private limited companies in India to maintain in their bank account. However, companies must have sufficient funds to operate and meet their financial obligations.