CALL: +91 9884 999 123

Company registration in Chennai

Private limited Company registration in Chennai from a leading company registration consultant.

Private limited Company registration service

  1. Digital signature for 2 directors.
  2. DIN for 2 directors.
  3. One Company name application.
  4. MOA, AOA.
  5. PAN and TAN.
  6. Private limited Govt fees for one-time submission.
  7. Authorized capital up to 10 lakhs.

Documents required for new private limited company registration

  1. Pan card of all proposed directors and shareholders.
  2. ID proof of all proposed directors and shareholders- Aadhaar card/ Voter id / Passport/driving license.
  3. Address proof of all proposed directors and share holders-bank statements/ telephone bills / mobile bills/ electricity bill.
  4. Passport size photo.
  5. The rental agreement for an address proof for company registration in the name of the business.
  6. Latest Electricity bill for the business address.
  7. No objection certificate from the owner of the business premises.
Call Now
Connect with Us!

    What is Private limited company registration?

    A private limited company registration is the process of applying for a new pvt ltd company formation with the Ministry of Corporate Affairs. To register a private limited company a minimum of 2 persons are required, pvt ltd registration is the most preferred business structure for company registration in India. With the facility of Online company registration, the new pvt limited company registration cost was reduced drastically.

    Pricing:
    ₹22000


    Steps to Register

    New company registration consulting

    On receipt of the client's request for pvt ltd company registration in Chennai, our company registration consultant will provide consultation regarding the company registration process and assist you in online company registration.
    1

    Company Name registration

    Company name availability for registration is checked before before submitting company name application, two names can be applied in name application form and if approved it can be used for further processing else another two name for private limited company registration will be submitted.
    2

    Digital signature certificate

    Digital signature online application for directors will be processed using Aadhaar E-KYC. Only after approval of digital signature certificate company registration documents can be submitted.
    3

    Company registration documents

    Once the proposed pvt ltd company name is approved, documents required for PVT LTD company registration will be provided to the client for signature and attestation.
    4

    Apply for Company registration

    Upon receipt of signed documents from the client, the application for registration of a private limited company will be completed along with the PAN application.
    5

    PVT LTD compliance advise

    On approval of the company registration application, the private limited incorporation certificate together with company CIN number be provided with the details of compulsory MCA filings for private limited company.
    6

    Pvt limited company registration package details

    • Our Online company registration package includes 1  company name application, a digital signature certificate, and a DIN number application for two directors.
    • Additional charges are applicable to apply company, DIN no, and DSC and re-submission.
    • The approved name will be available for registration up to 20 days from the date of approval, company registration online application submission is a time-consuming process therefore it is advised to provide signed documents within 3 days after pvt ltd company name registration approval.
    • After the grant of the private limited company registration certificate, form No. 20A should be filed after all new company registration for commencement of business and declaration of paid-up capital within 180 days from the date of approval. Fees for filing FORM 20A are not included in the package.
    • Approval of the company name is at the sole discretion of the registrar of companies, and clients are requested to provide us with a unique name that resembles their nature of business for easy approval of the company name.
    • Charges quoted are applicable only to Indian directors and shareholders, if there are foreign directors then charges will vary.

    Advantages of a private limited company registration

    • Separate legal entity

      A private limited company is a separate legal entity, its shareholders and directors are distinct from the company. The company can enter into contracts to purchase assets in its name etc.

    • Uninterrupted Existence

      The private limited company exists irrespective of changes in its shareholders or directors, the company will continue its existence if necessary procedures are followed to fill up minimum requirements within the time allowed if there is a case of any unexpected events.

    • Creditworthiness

      Maintenance of books of accounts, records, the procedure for withdrawal of profits, and rules for providing loans to directors are exhaustively laid down by the Companies Act 2013. This requires the pvt lt company to have a transparent financial position and ability.

      Audit of books of accounts is compulsory under the Companies Act 2013, which focuses on maximum reporting of any discrepancies in books of accounts or management of the company.

      Due to multiple controls, banks provide good funding support for businesses and enhanced potential to raise finance through banks as compared to partnership and proprietary concerns.

    • Limited liability

      The shareholder’s liability is limited to the extent of unpaid share capital, and directors are protected from third-party liability if they act in good faith and prudence. Therefore, private limited companies will be the first preference for businesses with high risk and investment.

    • Transfer of ownership

      Transfer of ownership is easy, shareholder can transfer their shares freely without the consent of other shareholders.

      The only condition to be satisfied is it should be first offered to the existing shareholders and when the offer to sell the shares is not accepted then it can be offered to a third party who is not already a shareholder.

      There may be conditions enlisted in the articles of association regarding the transfer of shares, and the transfer should not violate the articles of association.


    From Auditor DESK

    Once private Limited company is registered routine compliance is important for all internal and external transactions, all the activities done by the private limited company as well as directors, and shareholders should comply with Companies Act 2013, AOA and MOA of the company. Compliance cost and fees paid to professional to maintain a private limited company is comparatively higher than partnership firm or LLP.

    Frequently Asked Questions

    We make it easy for you to find the answer to frequently asked questions here...

    There is no such requirement for minimum paid-up capital to register a pvt ltd company.

    Authorized capital is the maximum amount of share capital that can be invested by the shareholders, authorized capital can be increased by filing form SH-7 by paying fees to increase authorized capital.

    Paid-up capital is the amount of capital that is actually invested in a private limited company, and it should not exceed the amount of authorized capital, generally, initial paid-up capital is contributed in the form of cash and not in kind, in some rare cases paid up capital is brought inside the private limited company in form of assets.

    A private limited company can issue shares, however, shares are to be issued only to a closed group, and public issues to an unknown person are not allowed, or offer to sell shares to the public is prohibited.

    The maximum no of directors is 15 persons, and the maximum no of shareholders is 200 members

    The income tax rate for a private limited company is 25 % plus applicable educational cess and surcharges if the company is classified as a small company as per the Income Tax Act 1961.

    Resolution is a legal document authorizing a decision made by board members or shareholders.
    A resolution passed by shareholders is classified into two types: ordinary resolution and the other one is special resolution, ordinary resolution is a resolution approved by shareholders holding more than 50 % of shares, and special resolution is a resolution approved by shareholders holding more than 75 % of shares.

    Companies Act 2013 specifies the procedures and list of activities that require special resolution and ordinary resolution, the resolution should contain all the details required for private limited company resolution in the prescribed format.

    No, physical presence is not required throughout the process, the verification of directors, shareholders, and documents for company registration can be carried out through online medium, therefore it is possible for pvt ltd company registration online without physical verification subject to Companies Act 2013.

    Yes, the same digital signature certificate and DIN can be used to register any number of companies.
    A person can have only one DIN ( Director identification number ), to apply for a new company registration the existing DIN number should be active.

    Yes, a private limited company can be registered with a foreign resident or foreign citizen subject to a condition that there should be a minimum of one Indian director and shareholder in the private limited company.

      Yes salaried employees can be directors or shareholders in a private limited company, there is no legal restriction on the Companies Act 2013.

    What are the important compliance activities for a private limited company?

     

    1. Audit for private limited companies is compulsory as per the Companies Act 2013 and Income Tax Act 1961, audit under income tax and Companies Act are for different purposes, therefore separate audits should be carried out respectively.
    2. Income tax returns for pvt LTD company should be filed every year within the due applicable for a private limited company, the income tax return is filed after the filing of the tax audit report for a private limited company therefore completion of the audit is a pre-condition for private limited company income tax return filing.
    3. TDS provisions are applicable without any threshold for private limited companies, so care should be given while making monthly TDS payments and filing quarterly returns without fail.
    4. Advance tax provisions are required to be followed if the estimated tax liability is more than Rs.10,000 in a financial year, private limited companies can pay advance tax only through an internet banking facility as per Rule 125 of Income Tax Rules 1962.
    5. The first auditor for the private limited company audit should be appointed within 30 days from the date of Incorporation of the private limited company.
    6. The private limited company should conduct an annual general meeting at least once a year, and form no MGT- T should be filed within 60 days from the date of the annual general meeting of the company.
    7. Filing of form AOC-4 for financial statement should be completed within 30 days from the date of AGM, AOC-4 should be filed with the balance sheet, p & l account, corporate social responsibility statement, details about the related party transactions, auditor report, particulars about statutory auditor of the company and details about significant transactions which requires reporting in form AOC-4.
    © 2024 Chennairegistration.in. All rights reserved.
    Web Design & Developed by: Cosy Creatives
    Whatsapp
    Call