Private Limited Company Registration

Private Limited Company Registration is the most common structure of Business registration in India. Unlike working as a sole trader or being in a partnership a private limited company is a legal entity in its own right but there is a requirement of minimum of two shareholders to form a Private Limited company. It is governed by the provisions of Companies Act, 2013.

The first and the most important step of Private Limited Company Registration is to decide a name and get the same from the authority. You can reserve the name before incorporation by filing Reserve Unique Name (RUN) Form. Once the name has approved the rest all formalities are to be filed within 20 days.

The documents required for Private Limited Company Registration are identity and address proof of the Directors, address proof of the registered office of the company, rent agreement in case the premises is rented, even the residential address can be the address of the registered office and the rest all documents are to be prepared by your consultant. The whole incorporation process takes around 15-20 working days.

Advantages of Private Limited Company Registration

1. Limited liability as company owners are legally obliged to pay outstanding company debts only upto the value of the shares they hold.
   
2. Separate legal entity as the company is a separate legal entity can purchase its own property and can initiate its legal proceeding.
   
3. While Private Limited Company Registration and operating it can be a time-consuming task with lots of requirements but there are advantages to Private limited company incorporation in Delhi.
   
4. Protect your business name while incorporating a private limited company its name is protected and other businesses cannot use the name.
   
5. Raising capital you can raise additional capital by selling shares of company to grow your business.