Company Registration in Chennai

Famous Private Limited for Annual Filing in Chennai   If you're looking to register a private limited company in Chennai, Tamil Nadu, you need to ensure that you are compliant with all the rules. Failure to follow the process will result in massive penalties and even expulsion from the Registrar of Companies (ROC). Luckily, there are companies that can help you with these compliances. One of the most common ways to incorporate a company in India is through the Private Limited Company structure. A private limited company is a type of business entity that is limited in liability and shareholders have a limited number of shares they can trade. A Private Limited Company is also required to maintain a register of directors and minutes of board meetings. These documents are required in order to run a successful business. It is also important to submit an annual return. The financial statements of a Private Limited Company are only finalized when they are approve...

The Benefits of Private Limited for Annual Filing in Chennai   A private limited company is a separate legal entity that exists in the form of a business. It is governed by the Companies Act, 2013, which is an Act of the Indian Parliament. The benefits of a private limited company include limited liability, flexible management, and easy transfer of shares. The tax benefits of a private limited company are also significant. The income of a private limited company is distributed among the shareholders according to a predetermined ratio. The process of incorporation is relatively easy in India. To begin the process, a minimum of two people must be registered as directors and a bank statement must be provided. Various annual compliances must be carried out in order to operate a private limited company smoothly. Failure to comply can have major consequences. It may result in the removal of the company's name from the MCA register. It can also lead to the ...