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 approved by shareholders at the Annual General Meeting.

Once you have decided to incorporate a business, you should decide on a name. You should follow the guidelines laid out under the Companies Act, 2013.

Next, you need to determine whether you want to incorporate a Private Limited Company or a Public Limited Company. An incorporated Private Limited Company is generally thought to have better corporate governance and higher status.

Finally, you need to set up a registered office. This address is used for official communications. In addition, you must make sure that you have a minimum of two directors.