Every year over 1 lakh PVt. companies registrations occur annually. Governed by the Companies Act, this business structure offers numerous advantages, including limited liability, dual roles for directors, and heightened employee attraction. ExpertKhoj streamlines the registration process, allowing swift online registration within a week. To initiate the process, ensure you meet the minimum requirements: two directors, two shareholders, a business address, and necessary documents.
A private limited company, as defined under the Companies Act, is a distinct and separate legal entity from its owners, embodying the concept of a limited company. This business structure provides advantages such as limited liability, ensuring the personal assets of the owners are safeguarded. Private limited companies, commonly known as private companies, undergo a meticulous company registration process governed by corporate affairs regulations.
The incorporation involves adherence to the Companies Act, and corporate affairs, and upon successful limited company registration, the entity becomes a separate legal persona, distinct from its directors and shareholders. This distinction emphasizes the concept of a personal company, highlighting the company’s independent identity and legal standing.