1. Key Features

• Legal Standing: Acts as a separate legal entity from shareholders with perpetual succession.
• Liability & Size: Provides limited liability, requiring at least 2 directors and members, with a maximum of 200 members.

Eligibility & Requirements

• Structure: A minimum of two members and a maximum of 200 are allowed, with at least two directors, one of whom must be an Indian resident.
• Capital & Naming: No minimum paid-up capital is required.