Company Registration in Chennai

Company / Firm Registration in Chennai

Chennai is the capital of Tamil Nadu and is one of the high literacy rates in India. People seek to establish their businesses and companies in Chennai because of this. Chennai is called the Detroit of India because it is home to more than one-third of India’s automobile sector. The Software Technology Parks of India (STPI) support Indian entrepreneurs and growing business owners with company registration in Chennai. Chennai has emerged as a top choice for IT firms like Wipro and Cognizant, Infosys, TCS, and MNCs in recent years. For a business to succeed in any area of operation, Chennai has the ideal combination of skill and competence. One of the main reasons individuals choose to establish businesses in Chennai is the Special Economic Zone (SEZ). SEZs were proposed in India to offer a competitive and hassle-free environment for export and promotion in India. Tamil Nadu’s government has suggested several special zones to aid enterprises. Establishing a business and obtaining a license has also been streamlined and encouraged. Due to all of these factors, Chennai is a hub for business prospects.

Company Registration in Chennai

The government has made the incorporation procedure online today simple and paperless. Government portals are used for initial business registration and later compliance filings. Similarly, the Central Incorporation Centre or CRC processes information obtained through online filings. The business will get a Certificate of Incorporation from the Registrar of Companies once all necessary procedures have been completed and the application has been approved.

Private Limited Company registration in Chennai

An independent corporate entity with perpetual succession and restricted liability only up to the capital share is known as a private limited company. A shareholder is often not at risk for the loan’s amount, and no personal assets are attached to pay off the obligation.

Minimum Requirements for the private limited Company

  • A minimum of 2 shareholders and a maximum of 200 shareholders are required.
  • There should be 2 directors and a maximum of 15 directors is required. At least one director should be an Indian citizen.
  • Every private company should use “Private limited company” after the end of their company name.
  • Every private company should have a unique name and not be similar to any other company.
  • There is no minimum Paid-up capital required.
  • A company-registered address is required.

Steps for the Private limited company registration in Chennai

  • Company’s Name Approval
  • Obtain DSC and DIN
  • Fill out the SPICe+ forms along with MoA (Memorandum of Association) and AoA(Article of Association)
  • Obtain a Certificate of Incorporation.

Documents Required for the Private Limited Company

  • Copy of Applicant’s PAN Card
  • Copy of Applicant’s Aadhaar card, voter ID (As ID proof)
  • Copy of Latest bank statement, Electricity bill, etc( as Address Proof)
  • Copy of NOC
  • Copy of rent agreement
  • Copy of Registered address (like latest electricity bill, Water bill, etc)

Public Limited Company registration in Chennai

Public limited companies must have a minimum of 7 shareholders and are not private limited companies. From an investors’ perspective, a public limited company is the most alluring type of business. The promoters will have the choice to accept public investment offers. Since public funds are involved, the Companies Act, SEBI, and other regulations govern how the corporation operates. When disclosing the majority of company-related information to the public, the promoters should do so in total transparency.

Minimum requirements for the public limited company

  • It must have a minimum of 7 shareholders.
  • A public limited company must have a minimum of three directors to be incorporated in Chennai, Tamil Nadu.
  • DIN for each director that is involved
  • Five lacs in minimum share capital is required.
  • Promoters must have at least one Indian resident among

Documents required for public limited company

  • PAN Card
  • Government-issued identification – Aadhaar, a voter’s I.D., a passport, or a driver’s license
  • Statement of Bank for the past six months with present address
  • Utility bills show the current address for gas, electricity, or mobile.
  • most recent passport photo
  • Director’s specimen signature on a sheet of white paper

One-Person Company Incorporation Chennai

Under the Companies Act of 2013, – a person company is a new entity. Only an individual can operate a business as a sole proprietor. Still, this form of ownership always entails the danger of the proprietor having limitless responsibility and other restrictions. OPC is an alternative business arrangement that will provide the owner with minimal liability protection. However, OPC can only be run as a small business.

Minimum requirements for a One-Person Company

You Must Satisfy The Requirements Below To Register An OPC Or One Person Company Under The Law:

  • A person who is an Indian citizen is the only one who:
  • Able to include an OPC
  • can be a nomination for the corporate member
  • They must have spent at least 182 days in India throughout the previous year.
  • If OPC’s annual turnover threshold exceeds Rs 2 crores, it must convert within six months into a private or public limited company.

Documents Required for One-Person Company

  • OPC registration is a simple process; however, it requires the documentation listed below.
  • The director and nominee must present identification, such as an Aadhar card, voter ID, PAN card, driver’s license, etc.
  • The company’s Articles of Association (AOA) and Memorandum of Association (MOA) must submit these two throughout the registration process because they are both crucial. Remember to list all of your company’s goals and objectives.
  • It is necessary to obtain the selected nominee’s consent, submitted using form INC-3.
  • It must provide the PAN card and Aadhar card of the OPC nominee for the registration process.

Partnership Firm registration in Chennai

Most entrepreneurs are familiar with the business structure known as a partnership firm. With the approval of all the company’s participants, this sort of corporate structure is favored for beneficial reasons. Typically, a partner group runs, oversees, and owns the business with some of its capital.

Documents required for partnership firm registration in Chennai

  • Partnership Deed
  • PAN Card
  • Address Proof
  • Office Address Proof

Advantages of Partnership Firm registration

  • raising money
  • The simplest business structure
  • Decision-making
  • simple management                                                                                                                                                                                                   

Section 8 Company Registration in Chennai

Companies registered under Section 8 of the Companies Act include charitable organizations with the option of limited liability in addition to less profit-oriented business entities. A Section 8 Company is a group organized to advance business, religion, social welfare, the arts, science, sports, education, and other causes. Companies under Section 8 are only allowed to use their earnings to advance their objectives. This organization may be a limited liability company or a private limited company.

Minimum requirements for Section-8 companies

  • There must be a minimum of two shareholders and directors.
  • A registered office is necessary for the prospective firm.
  • Each subscriber and director must own a DSC (Digital Signature Certificate)
  • Every director must have a DIN (Director Identification Number)
  • The declaration is made after the auditor’s inspection

Documents required for Section 8 Companies

For Directors and Shareholders

  • PAN Card
  • Aadhaar Card
  • Latest bank statement, Electricity bill(as address proof)
  • Latest Passport size photo

For Registered office

  • Copy of rent agreement(if the property is rented)
  • Copy of NOC
  • Latest electricity bill, and water bill (as address proof)

Benefits of Nidhi Company registration

  • Less regulation
  • Ease of Fund
  • Better Credibility
  • Limited Liability
  • Micro Banking
  • No External Involvement
  • Low capital requirement

Limited Liability Partnership registration in Chennai

Limited liability is a company structure that offers the flexible benefits of limited liability and partnership. By the LLP’s Memorandum of Agreement (MOA), which the government recently introduced, each partner’s responsibility is constrained to the amount of their investment. The Limited Liability Partnership Act of 2008 governs this type of partnership.

Advantages of LLP

  • Limited firms are distinct legal persons.
  • It has a solid reputation within the company.
  • They are solely thought of in terms of business and not as individuals.
  • The corporation is the most well-known and often used type of limited firm.
  • Each shareholder has a single restricted responsibility due to the business structure.
  • Only the corporation can sue or be sued about contracts and agreements.
  • Selecting limited businesses offers the board members financial protection.
  • There are no restrictions on how many shares can be divided.
  • Shareholders in limited companies are restricted. Nothing to do with a third party.
  • More employees may work for a limited corporation.
  • The company’s shareholders are forbidden from using their assets

Documents required for LLP

  • Applicant’s PAN Card
  • Applicant’s Aadhaar Card
  • Proof of Address: current Bank Statement, Electricity bill
  • Current Passport Size photo
  • Copy of rent agreement
  • Copy of NOC
  • Proof of registered office address- Latest electricity bill

Nidhi Company Formation in Chennai

The RBI oversees all of Nidhi Company Registration Online in India’s financial operations as an NBFC or non-banking finance company governed by the Ministry of Corporate Affairs and registered under Section 406 of the Companies Act, 2013. Nidhi Company Incorporation’s main line of work is providing financial assistance to the company’s founding members. The company’s shareholders or members are advised to save and invest their money there. The company’s shareholders or members can then use these invested deposits to make loans or advances and buy or sell government-issued stocks, debentures, bonds, and other assets.

Minimum Requirement for the Nidhi Company Formation

  • There must be a minimum of 7 shareholders or members.
  • Three Directors are necessary at a minimum.
  • Directors’ DIN Number
  • The minimum paid-up share capital should be INR 5 lakhs.
  • 200 is the required bare minimum.
  • The word “Nidhi business” should replace the suffix.
  • A Nidhi corporation should have net assets worth at least INR 10 lakhs.
  • When incorporated, If the shares are issued before registration, the firm must redeem the share preferences by the terms of issuing such shares, and Nidhi Company shall not issue preference shares

Documents Requirement for Nidhi Company

  • Copy of PAN Card for directors
  • Copy of Aadhaar Card for directors
  • Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill or Mobile bill(Latest of Two months)
  • Passport Size Photo.
  • Copy of Rent Agreement
  • Copy of NOC
  • Copy of Latest Electricity bill, water bill as registered address proof

Why Choose us

Alonika is the best CA firm in Chennai. Our professional and experienced CA offered company registration services at reasonable rates.

Our package includes:

  • Provide DSC and DIN
  • Drafting of MoA and AoA
  • PAN & TAN
  • 1 Name Approval Application
  • Filing commencement of Business certificate
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