Private Limited Company registration is the most popular legal structure option to start businesses in India. Private Limited Company is the most beneficial & Popular corporate separate legal entity in India. Private limited company registration is governed by provisions the Companies Act, 2013. To register Private Limited company, Minimum 2 directors and 2 shareholders are required. The directors of a private limited company have limited liability to creditors of company . In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors of company. It is very important to register your company as Private Limited as a registered company have various advantages from financial and legal compliance point of view.