Online Private Limited Company Registration in Chennai
The Private Limited Company is the most preferred form for setting up a business. Now, the Online registration of Private Limited Company in Chennai is Quick and hassle free and can be completed in a 10-15 days.
TAXOUTLOOK offers free 1 Year GST and TDS filing along with Online Private Limited Company Registration Process.
Pre-requisites for Registering a Private Limited Company
- Minimum of 2 persons to act as Shareholders and Directors .
- No Minimum Capital is prescribed. Any amount of capital can be brought in as capital.
- DIN for 2 Directors.
- Digital Signature Certificate for Directors.
- Atleast one Director should be Resident in India.
- Any person of 18 years Age and holding a Director Identification Number (DIN) can become a director.
Advantages of Private Limited Company
1. Separate Legal Entity
A private limited company is a separate legal entity distinct from the members/shareholders of the company. It is an artificial juridical person capable of entering in to contracts and conduct business in its own name.
2. Perpetual Existence
A private limited company has perpetual existence .i.e. lifelong existence. It is separate legal entity distinct from shareholders and directors. Any death, retirement of shareholders, directors does not affect the continuity of private limited company.
3. Limited Liability
The liability of the shareholders of the private limited company are limited to their shares only. In the event of any financial default, the shareholders personal assets are not liable.
4. Business Credibility and Brand Value
The database of private limited can be verified with Ministry of corporate Affairs (MCA) as regards the company master data and financial filings. Hence this creates credibility and more trust with the vendors, customers and the other stakeholders when compared to Proprietorship and partnership.
5. Fund Raising Opportunities
It’s simple and easy process to raise funds in a private limited company by issue of shares or through debt from banks/financial institutions.
6. Ownership Transfer
The ownership in a private limited company can be transferred by sale of shares to new member and by issue of issue of fresh shares.
7. Easy Entry and Exit Formalities
The private limited company can be easily registered with Ministry of Corporate affairs and also, if the company needs to be shut down, it can be wound up by settling the liabilities of the company
Documents Checklist for Online Private Limited Company Registration in Chennai
1. KYC of the Members /proposed Directors
Proof of Identity – PAN , Passport ,Voter ID or Driving license
Proof of Address – Utility bills (Telephone, Mobile, electricity) or Bank Statement
(latest 3 months statement with address)
2. Proof of Address of Registered office
In case of Rented – Notarized Rental agreement and Utility bills( Electricity, property
tax, water, Gas bill)
In case of Own Premises- Proof of Ownership like sale deed
3. No Objection Certificate (NOC) from landlord or owner of the premises for using the said premises as
Registered office of the Company
4.Registered Office – Please note that registered office of the Company need not be a commercial property. It may be a residential property as well.
Registration Process
ü Apply for DSC (Digital Signature Certificate).
ü Apply for DIN (Director Identification Number) for the proposed Directors.
ü Name Approval- You have to give us two names in the order of priority. The proposed names should not infringe on any trademark and should be unique and within the MCA guidelines.
ü Drafting and Submission of MOA and AOA.
ü Registrar of Companies (RoC) issues Certificate of Incorporation.
TAXOUTLOOK offers the most comprehensive services in Private Limited Company Registration in Chennai with Free 1 Year GST and TDS filing support for you. Why wait, Grab the offer today!!