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Process for Private Limited Company Registration in Chennai

Posted on: 16/Jul/2019 3:13:06 PM
All you wanted to know about running a private company in Chennai Metro City!
Every one of us has a thought corner in our minds to own house and also start a company! To realise this ambition, it is worthwhile to first know all significant details about private limited companies - Down the line, details about private companies are enlightened! So, here we go:

What is a Private Limited Company?
A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares limits the number of shareholders to 50 and restricts shareholders from publicly trading shares.

The Ministry of Corporate Affairs is also making great progress towards cutting down on the processing time of company registration application. A provision of One-Day Company Incorporation with SPICE has been introduced to make the process of company registration less tedious and hassle-free. You can also look at how much it costs to start and run a private limited company.

Doing Business in Chennai
Chennai (formerly Madras) is the capital city of the state of Tamil Nadu. The city lies along the Coromandel Coast of the Bay of Bengal. The city has become a booming tourism industry and foreign tourists visit the city a lot more compared to some other cities.

The Quality of  Living Survey deemed Chennai as the safest city in the country. Chennai has been fondly given the name of Detroit of India since more than 1/3rd of Indias automobile industry is based out of Chennai.  The Software Technology Parks of India (STPI) provide great support for Private Limited Company Registration in Chennai.

The city of Chennai ranks as the number 2 city for trading across borders in the ease of doing business rankings. The city also ranks as the 10th best city to open a business. Chennai also has a very high literacy rate which makes it a very viable city to start your business in Chennai.

Pre-requisites for Private Limited Company Registration in Chennai :
  • 2 Directors
  • 2 Shareholders
  • Registered Office Address (Residential/ Non-Residential)

Process for Private Limited Company Registration in Chennai :
  • Apply for Digital Signature Certificate (DSC).
  • Apply for Director Identification Number (DIN)
  • Get the Name Approval with Registrar of Companies (ROC), Chennai. Check out the address for your ROC here.
  • Register with the new SPICe INC-32 forms
  • Acquire Registration Certificate.
  • Memorandum of Association (MoA)
  • Articles of Association (AoA)
  • Declaration and Affidavit by directors and f first subscribers
  • Proof of Office Address
  • Utilities Bills Copy  not more than 2 months old (Electricity, Gas, Water Bills etc.)
  • Copy of approval if the proposed name is containing words/expressions which need authorization by the Central government

Further :
  • In case of proposed name based upon a registered trademark, it is mandatory to attach trademark registration certificate or trademark application copy
  • NOC from sole proprietors partners /associates/ existing company
  • Proof of identity and residential address of subscribers.
  • Proof of identity and residential address of directors.