PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI @ Rs 8500
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At Shoplegal, we provide Company Registration in Chennai at just Rs. 8500. Our range of services in Chennai ensures quality processes, affordability, and customer satisfaction. We've earned a reputation as a trusted business consultancy in Chennai. When businesses opt for Private Limited Company Registration in Chennai through us, they gain advantages like Easy Fund Raising, Limited Liability for Owners, Separate Legal Existence, and Management and Ownership Separation. We guide clients through these benefits during registration.
Name registration for companies in Chennai is hassle-free with us; we assist in choosing unique and appealing names. Post-registration, our experts offer ongoing advice and assistance, just a call away. At Shoplegal, we streamline online Private Limited Company Registration in Chennai within 10-12 working days. Our free pre-consultation helps clear any doubts about business entity types, allowing entrepreneurs to make informed decisions. Explore Private Limited Company Registration in Chennai with us for the right fit for your business.
Limited Liability In Protecting Personal Assets Of Directors
In new companies, borrowing funds and getting products on credit is common. In traditional Partnerships, partners are personally responsible, risking their savings and property if the firm can't repay. In a private limited company, only the invested share capital is at risk; personal savings and assets of directors/shareholders are safe, offering better protection against liabilities.
How to choose private limited company name
Choosing a private limited company name involves several considerations. Firstly, ensure the name reflects your business's nature and aligns with your brand identity. It should be unique and distinguishable from existing companies to avoid legal conflicts. Check the availability of the chosen name by searching through the official company registrar's database. Consider the domain availability for a corresponding website. Ensure the name is easy to spell, pronounce, and remember for potential customers.
Avoid using offensive or misleading terms. Conduct a trademark search to ensure the name isn't already trademarked. Lastly, verify if the chosen name complies with any specific regulations or guidelines set by regulatory authorities. Taking these factors into account will help you select a suitable and legally compliant name for your private limited company. Consulting with legal professionals/company registration services like Shoplegal can also provide valuable guidance in this process.
Pvt Ltd company is always the choice of Entrepreneurs
Private limited companies (Pvt Ltd) are a popular choice for entrepreneurs because they offer limited liability, which means the owners are not personally responsible for the company's debts. This protects their personal assets. Pvt Ltd companies also have a separate legal identity, making it easier to enter contracts and do business. They're seen as more credible than other types of businesses, which can help attract investors, customers, and partners. Pvt Ltd companies can raise funds by selling shares, and they have a structure that allows for easy ownership transfer. They also offer tax benefits in some places. Overall, Pvt Ltd companies provide a good balance of protection, credibility, and flexibility, making them a preferred option for entrepreneurs starting new ventures.
Minimum Requirement For Pvt Ltd company registration in Chennai
- You need at least 2 Shareholders and 2 Directors to start the company.
- A person can hold both Director and Shareholder roles.
- One Director must be an Indian resident.
- All Directors need a Digital Signature Certificate (DSC).
- There's no minimum requirement for Authorized Share Capital; you can begin with as little as Rs. 5000.
Private limited companies are highly favored by corporate clients, vendors, and government agencies over proprietorships or traditional partnerships.
Registering with Shoplegal is straightforward. You'll need at least 2 shareholders, 2 directors, and a minimum of Rs 2 as paid-up capital. Directors often double as shareholders in their companies.
At the start of Private Limited Company registration, the minimum paid-up capital required is Rs.2/-. This capital represents the money invested by shareholders in return for their shares.
Investors often favour investing in Private Limited companies due to their structured nature and simplified investment processes. Exiting from these companies is also notably straightforward.
Transferring ownership in a private limited company is smooth, involving minimal documentation and costs.
In a private limited company, shareholders are only liable for the amount they've invested. So, if the company faces financial trouble and has to shut down, shareholders won't risk losing personal assets—their liability is solely tied to the capital they've invested.
FAQ on Private Limited Company
What Is The Minimum Requirement To Form A Private Limited?Setting up a company through Shoplegal is straightforward. At least two individuals need to serve as directors and shareholders. Each director/shareholder must provide either a PAN, Aadhar, Driving license, Voter ID, or Passport as permanent address proof. Additionally, a proof of present address, such as a Telephone bill, Electricity bill, Mobile bill, or Bank statement, needs to be submitted.
What Way Private Limited Is Differentiated From Proprietorship / Partnership?In a private limited company, shareholders are liable only for the capital they've invested, offering limited liability. This differs from sole proprietorships or partnerships, where shareholder liability is more extensive.
What Is Authorized Capital And Paid Up Capital?Authorized capital represents the maximum shares a company can issue, while paid-up capital is the shares already issued and subscribed by shareholders. After incorporation, authorized capital can be raised if more shares need to be issued later on.
Is It Mandatory To Deposit Paid Up Capital Subscribed By Shareholders In Bank Account?Sure, after your company is registered, the next steps include opening a bank account under the company's name and depositing the subscribed capital. Additionally, file for the commencement of business within 180 days of incorporation.
Can Foreigner Or Foreign Company Or Nri Register A Company?Yes! Non-resident Indians, foreigners, and foreign companies can establish and invest in India, following the FDI guidelines by the Reserve Bank of India. It's essential to have at least one Indian resident on the Board of Directors when incorporating a company in India.
Is It Mandatory To Setup Office For Registering Company In India?Sure thing! Every company intending to register in India must maintain a registered office. This office is where all official communication from authorities like the Ministry of Corporate Affairs, GST office, banks, and other financial institutions will be sent. The registered office can be located anywhere in India.
How To Check Availability Of Name With Ministry Of Corporate Affairs?Absolutely! You're welcome to suggest names using the name availability link with SHOPLEGAL. Please keep in mind, we'll offer available names based on our search for similar names already registered with MCA.
Is Gst Registration Mandatory For Private Limited To Start Business?Some businesses must register for GST to commence operations. Service industries aren't mandated for GST until their turnover hits 20 lakhs, while Manufacturing and Trading industries aren't required until their turnover reaches 40 lakhs.