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For company registration in Chennai, we provide fast and cost-effective services. Company registration in Chennai can be done within a week. Company Registration provides a legal right to an entrepreneur to set up a business. In India, we also call it Company Incorporation.
For setting up a business there are various forms such as proprietorship, partnership, and company etc. Each kind of entity is unique in its own way. Private Limited Company Registration is the main form out of these. It is the main mode of doing business.
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Here are the following characteristics of Private Limited Company:
The company acquires legal status after incorporation which allows the company to hold assets in its own name and shares can also be transferred whereas in case of Partnership firm it has no existence apart from its partners.
In a company, the liability of a member is limited up to their capital contribution. After the company incorporation, no director shall be responsible for the misconduct of other directors. In a company, creditors have no rights over the members.
After Company incorporation, the common seal can be obtained which a physical impression is made by a corporate body as the company is a separate legal entity.
Another benefit of Private Company is that its shares are transferable either within the company or outside a company; however, shares can be transferred by the members after company incorporation only, after allotment of shares.
Here are the following requirements for Company Registration in Chennai:
Ans. It is a complete myth, there is no such requirement. There is no such obligation to have the turnover to set up a company.
Directors of the company manage the operation of a Company whereas shareholders are the owners as they contribute money to the business. There is no such requirement.
Ans. A shareholder can be an artificial person also which implies besides human beings even companies can become a shareholder in a company.
Ans. It is not required to deposit amount in a bank account while the amount must be shown in the documents at the time of incorporation.
Ans. There is no such requirement; the company can be registered on your residential address as well however after company incorporation its registered office address can be changed at any time.
Ans. There is no such requirement however the only requirement is to comply with the legal mandatory compliances of the government authorities such as the Income Tax Department and Ministry of Corporate Affairs.
Ans. In a private limited company, there are no such compliances the only requirement is to comply with the annual filing with the registrar and filing of tax. For this purpose, there are Company Secretaries and Chartered Accountants who can assist you.
For further information about Company Registration in India click here.
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