Every year, over 1 lakh private limited companies are registered in India, governed by the Companies Act. This business structure offers numerous advantages, including limited liability, dual roles for directors, and heightened employee attraction. If you’re wondering how to register a company in India, ExpertKhoj streamlines the 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 benefits such as limited liability and safeguarding the owners’ personal assets. Private limited companies, commonly known as private companies, undergo a meticulous process of company registration governed by corporate affairs regulations.
The incorporation involves adherence to the Companies Act and corporate affairs. Upon successful limited company registration, the entity becomes a separate legal personal distinct from its directors and shareholders. This distinction emphasizes the concept of a personal company, highlighting the company’s independent identity and legal standing.