About Private Limited Company
Registration
Private Limited Company (PLC) registration is a favored choice of businesses in India due to its many advantages. It provides limited liability to its shareholders, which means their personal assets are not at risk in case of any financial loss incurred by the company.
To register a private limited company in India, at least two directors and two shareholders are required. The registration process includes obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), and registering the company with the Registrar of Companies (ROC).
Private limited companies are also subject to fewer legal formalities and compliance requirements than other types of companies. This makes them a more convenient and flexible option for small to medium-sized businesses. PLCs have a separate legal entity, which makes it easier to obtain funding and conduct business with other companies. Overall, PLC registration in India offers several benefits for businesses, including limited liability protection, better access to funding, and reduced legal formalities.
It is a great option for entrepreneurs who want to protect their personal assets while having flexibility in their business operations.