Registration of Private Limited Company in Chennai

It is strongly recommended that you register a private limited company in Chennai since this sort of business allows you to minimise your responsibility as a shareholder while also limiting your ownership options. The most common kind of business entity in Chennai is the private limited company.

It is strongly recommended that you register a private limited company in Chennai since this sort of business allows you to minimise your responsibility as a shareholder while also limiting your ownership options. The most common kind of business entity in Chennai is the private limited company.

Obtaining a Director Identification Number or the DIN and a Digital Signature is the first step. A Director Identification Number (DIN) for each of the Company's proposed Directors shall be obtained first along with the obtaining of a Digital Signature for one of the Company's Directors. After that, you must file an application for a Private Limited Company name.

Applying for and obtaining the name for company would be the second step. The promoters should provide one or more appropriate options for the company's name, as this provides the Registrar with the freedom and choice to choose the name in the event that certain names are same or similar to registered business organisations or trademarks. Any name that is close to or identical to a registered corporation or brand should be avoided. The name should not be one that is forbidden under the 1950 Emblems and Names Act. The suffix "Private Limited Company" must be added to the company's name. The registrar will evaluate and approve one of the names after it has been submitted. The approval of the company name and registration procedure normally takes 3 to 5 working days.

Applying for a Private Limited Company Registration Online After the name has been approved, the promoters must submit the application, fees, and the necessary papers to the registrar: Articles of Association; Memorandum of Association; Directors' Declarations; Directors' Affidavits A statement declaring that the Act's provisions and the rules enacted under it have been met. This declaration must be signed by an advocate of the or Supreme Court, an attorney or a pleader with the right to appear before or a High Court, a Chartered Accountant or a CA in India who is involved or is engaged in the formation or incorporation of a company, or a person named in the Articles as a Director, Manager, or Secretary of the Company. In addition to the papers listed above, the firm must supply appropriate information about its registered office within 15 days of registration or during the filing of incorporation paperwork.

Subscribing to the Private Limited Company would be the 4 th step. A subscriber must sign their names and be subscribed to the shares of the established company, according to the Companies Act of 2013. It means that each subscriber must own at least one firm share. Each subscriber must sign the memorandum in the presence of at least one witness and must include the following information: There were no subscriptions for any of the shares. Shares' nature, for example. Both the Article and the Memorandum of Association must also be properly signed and stamped.

Certificate of Incorporation is the final step. The Registrar of Companies will provide a certificate of Company Registration after filing the above- mentioned papers and paying the required fees. When a business is incorporated, it becomes a legal entity apart from its members. The procedure for forming a private limited company is complicated and time-consuming. Our experts at Chennai Filings can assist entrepreneurs and start-ups in forming a private limited company and registering the same with the MCA.

• All of the company's directors and shareholders must provide proof of identification and this can basically include the PAN Card or Aadhar card or Driving license or Passport.
• All of the company's directors and shareholders must provide a proper proof of address which can include, latest telephone bill or electricity bill or bank account statement.
• Tenancy or the rental agreement, as well as a letter or NOC from the landlord which is approving the use of the office as the company's registered office should also be provided for the registration of the Private Limited Company in Chennai.
• All directors must have a DIN which is the Director Identification Number and this is mandatory.
• They should also have a DSC or the Digital Signature Certificate taken in their names.

A Private Limited Company is a legal entity that is distinct from you or the owners. This means that the Company is in charge of its assets and obligations, as well as its debtors and creditors. You or the owners will not be held liable on a personal level or with personal assets for the business's losses. As a result, creditors will be unable to pursue you for payment in case of a business which is registered in Chennai as a Private Limited Company.

Despite the fact that forming and registering a Private Limited Company in Chennai entails more compliance requirements, entrepreneurs choose it since it allows them to raise cash through stock, expand, and restrict their responsibility.

Shareholders in a private limited company in Chennai are only liable to the extent of their investment. This means that as an owner or shareholder, you will only be responsible for the company's liabilities to the degree of your personal contribution. Because the shareholders shall not be holding any personal liability, they are not required to pay the company's liability out of their own funds.

A business or a private limited company registered in Chennai has 'perpetual succession,' which means it will continue to exist until it is lawfully dissolved. Because a corporation is a separate legal person, it is not shaken and would be unaffected by the death or termination of any of its members, and it continues to exist regardless of membership changes.

Under the Firms Act 2013, companies in Chennai are registered with the Registrar of Companies (ROC). And it is the Ministry of Corporate Affairs (MCA) portal which allows anybody to check the company's data. During the formation of the Private Limited Company in Chennai, all of the directors' information is also submitted. As a result, a Private Limited Company structure is more trustworthy and also reliable.

We are the BEST in CHENNAI who can assist you with the Registration of your Private Limited Company at the LOWEST POSSIBLE PRICE.

Our Team treats each client individually and ensure that they are provided with the necessary assistance then and there without causing any delay or compromising quality. And this holds us ELIGIBLE to serve you with your needs. Get to us and register your private company through easy steps.