PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI @ Rs 8500
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We Shop Legal offer Company registration in Chennai @ Rs 8500. We provide a wide range of related services in Chennai. The quality of our process, price affordability and customer satisfaction made us unique in the industry and gave it a name of “Trusted business consultancy in Chennai”. By doing Private Limited Company Registration in Chennai business entities gets the capabilities like Easy Fund Raising, Owners’ Limited Liability, Separate Legal Existence, and Management and Ownership Separation. We will clearly explain these factors at the time of private limited registration in Chennai. Company name registration in Chennai is easy when the name is unique. We at shoplegal will assist business entities all about how to choose a unique and catchy name for Company registration in Chennai. Shoplegal provide assistances post registration also, business entities can get advice of our experts who are one call away.
ShopLegal offers Private Limited company Registration in Chennai. We offer services for our valuable customers. Only thing is to answer certain questions asked by our experts, submit documents and get the incorporation certificate in Chennai within 10-12 working days. Entrepreneurs are confused about the type of business entity. Don’t worry we offer pre-consultation as a free step to solve all your queries. You can compare different business structures to choose the right entity which opt for your business. Explore Private Limited Company Registration in Chennai with us.
Limited Liability In Protecting Personal Assets Of Directors
Mostly newly formed companies need to borrow funds and take products on credit. In case of traditional Partnership, Partners are personally liable to pay from the savings and their property would be at high risk in case the firm is not able to repay its liability. In case of a private limited company, only investment in the share capital of the business is lost, personal savings and asset of the directors cum shareholders are safe.
Minimum Requirement For Registering A Private Limited
- Minimum 2 Shareholders
- Minimum 2 Directors
- Same person can be a Director cum Shareholder.
- One of the Directors must be resident of India.
- DSC - Digital Signature Certificate – required for all directors.
- There is no minimum cap of Authorised Share Capital – can start with even Rs.5000
Private limited company is most and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.
Registering a company is simple process with Shoplegal. A minimum of 2 Shareholders, Minimum 2 Directors, and minimum of Rs 2 as paid up capital. The directors are typically shareholders in their own companies.
The minimum paid up capital at the time of registration of a Private Limited Company is Rs.2/- The capital is the amount of money invested by its share holders in exchange for shares.
Investors mostly prefer to invest in Private Limited company as it is well structured and less complicated for making investment. Exiting form private limited companies is very easy.
Private limited companies are easy to transfer ownership, very less documentation and cost is involved in transferring the ownership of a private limited.
In private limited the shareholders are limited to their shares paid. Therefore, if a private limited company is in financial crises and had to close, shareholders would not risk losing their Individual assets and properties. The liability is limited only to their capital paid.
FAQ on Private Limited Company
What Is The Minimum Requirement To Form A Private Limited?Registering a company is simple process with shoplegal. A minimum of two persons required to be appointed as directors cum shareholders. The directors and shareholders required to provide the following proofs – Copy of PAN, Copy of Aadhar, Driving license, Voter id, Passport – Any one as permanent address proof and Copy of Telephone bill, Electricity bill, Mobile bill or Bank statement – Any one as Proof of present address.
What Way Private Limited Is Differentiated From Proprietorship / Partnership?Limited liability which means the shareholder of a private limited company is legally responsible only to amount he subscribed as share capital of a company. Unlike proprietorships and partnerships, the liability of the shareholders with respect to a private limited is limited.
What Is Authorized Capital And Paid Up Capital?Authorised capital is the maximum amount of shares that can be issued by company. On the other part, paid up capital is the amount of shares issued and subscribed by the shareholders of the company. Authorised capital can be increased as and when required post incorporation in case of any requirement to issue additional shares to the shareholders.
Is It Mandatory To Deposit Paid Up Capital Subscribed By Shareholders In Bank Account?Yes, It has to be submitted after registration of company, After company got incorporated open a bank account in company name and then bring in the capital subscribed to company account, Commencement of business to be filed with 180 days of Incorporation
Can Foreigner Or Foreign Company Or Nri Register A Company?Yes, NRIs, foreigner and foreign companies can register a company and make investment in India, subject to the FID norms (FOREIGN DIRECT INVESTMENT) set by RESERVE BANK OF INDIA. However, its mandatory to have one resident of India to mandatorily be a part of the Board of Directors of the company to be incorporated in India.
Is It Mandatory To Setup Office For Registering Company In India?Yes, every company proposed to be registered in India must have a registered office all communication related to the company is sent by the Ministry of Corporate Affairs, GST office, Banks, financial institutions, etc., The registered office of a company can be in any part of India.
How To Check Availability Of Name With Ministry Of Corporate Affairs?You can share names with SHOPLEGAL on the name availability link. Please note that Shoplegal will just provide available names, based on search for similar names already registered with MCA.
Is Gst Registration Mandatory For Private Limited To Start Business?GST registration is mandatory for certain business to start business, Service industry GST is not mandatory for turnover of upto 20 lakhs and Manufacturing and Trading industry GST is not mandatory for turnover upto 40 lakhs