Private Limited Company Registration in Chennai

Overview of Private Limited Company Registration in Chennai

Chennai is the safest city in India according to “The Quality of Living Survey”. Chennai is known to be one of the Top 10 cities in India- which has the highest literacy rate. For this, people want to set up their businesses and companies in Chennai. For expert guidance in private limited company registration in Chennai, talk to our experts.

Due to more than one-third of India’s automobile industry being based in Chennai, it’s also known as the Detroit of India. STPI (Software Technology Parks of India) provide support with Company Registration in Chennai for emerging business holders and entrepreneurs of India.

Chennai has become one of the preferred destinations in the last few years for IT companies such as Wipro and Cognizant, Infosys, TCS, and MNCs. Chennai has the perfect grouping of professionals and talent base for the business to flourish in any sphere of operation.

What Makes Chennai an Ideal Place for Company Registration?

SEZ (Special Economic Zone) is one of the biggest cause people want to start a company in Chennai. It is because SEZ is an area where the ‘business and trade laws’ are different from the rest of the country in India. SEZs in India were proposed to provide a competitive and hassle-free climate for export & promotion in India.

This state has continuous expansions always happening around the city and excellent amenities. A good infrastructure is an essential obligation to start a business in any place, and Chennai accomplishes that requirement.

You must note that the State Government has taken new initiatives to support the growth of the industry in Chennai. The Tamil Nadu Government has proposed many special areas to help businesses. The procedure to set up the business and licensing is also simplified and promotes ease of doing business. Hereby, all these things make Chennai a home of opportunities for entrepreneurs. Chennai has a tremendous potential to expand after considering all these reasons.

 Therefore, we believe that this is an excellent place to set up your company, and start your business. With our seasoned experts, Pvt Ltd company registration in Chennai is free from complexities.

Requirements for Pvt Ltd Company Registration in Chennai

The basic requirements for online Pvt Ltd company registration in Chennai are as follows:

• According to the Companies Act, 2013, a minimum of 2 shareholders are required to start a Private Company; however, the maximum limit of members in a Private Company is 200. If a private limited company confronts financial risk, the shareholders should have limited liability as they are not subject to selling their personal assets for the cause.
• There must be a least two directors, and a maximum of 15 directors can be appointed in a company for company registration online in Chennai. Moreover, the proposed director must have attained a minimum age of 18 years. Any foreign person can also become a director of a private company in Chennai.
• The minimum paid-up capital is not essential for the registration of a Private Company.
• The company should have a unique name that shouldn’t be similar to any other registered company and trademark. It is better to avoid any offensive name for your proposed company before private limited company registration in Chennai.

Documents Required for Company Registration in Chennai

If you are an entrepreneur in Chennai, you must be aware of the documentation requirements for doing business. Given below are the significant documents required for company registration in Chennai-

SPICe+ Form

• Articles of Association
• Memorandum of Association
• Declaration by the Subscribers 
• Declaration by the Directors
• Confirmation of Office Address
• Copy of 2 months Utility Bills
• Copy of Proof of incorporation of a foreign body corporate [If applicable]
• Recommendation declared by the "Promotional Company" [If applicable]
• Copy of a Passed Resolution by the International Company [If applicable]
• Proof of interest of the directors from other Legal/Political body [If applicable]
• Nominee’s assent in the prescribed Format
• Residential address proof & Identity proof of the nominees and the subscribers
• Identity proof and residential address of Applicants
• The Resolution/Declaration of the Unregistered Company
• Any other Document [If required]

AGILE-PRO

• Copy of Proof of Principal Place of business operation
• Proof of appointment of Authorized Signatory for Goods and Services Tax Identification Number 
• Either of the Documents–Copy of Resolution passed by BOD/Letter of Authorization
• Proof of resolution passed by the Managing Committee and Acceptance Letter
• Identity Proof of Authorized Signatory for the opening of a bank account
• Address proof of Authorized Signatory for the opening of a bank account
• Specimen Signature of Authorized Signatory for EPFO

Requirement for Declaration in Form 'INC-9'

The declaration of the directors and the subscribers are presented electronically in auto-generated in PDF format. The applicants for Company Registration have to provide the recommendation and a certification authorized by a professional, such as Chartered Accountant, Company Secretary, and Cost Accountant.

Documents Required as Address Proof

Given below are the documents required as address proof for private limited company registration in Chennai-

• Voter Card
• Adhaar Card
• Passport
• Electricity Bill
• Ration Card
• Telephone Bill
• Driving License

Documents Required as Residential Proof

Given below are the substantial documents needed as residential proof for private limited company registration in Chennai-

• Bank Statement
• Electricity Bill
• Mobile Bill

Benefits of Private Limited Company Registration in Chennai

 Some of the major benefits of private limited company registration in Chennai are as follows:

• Increase the credibility of your business.
• Help owners from personal liability & protect from other risks/losses.
• Draws more customers.
• Ease in obtaining bank credits.
• Offers limited liability to preserve your company’s assets.
• Greater funds supplement and more attractive stability.
• Enhance the potential to grow big and expand.

What is the Procedure for Company Registration in Chennai?

The procedure for company registration in Chennai is as follows:

• First, select the unique business name as per the Companies Act, 2013 and companies’ incorporation rules, 2014.
• Secondly, obtain the pre-registration necessary documents such as Digital Signature Certificates (DSC), Director Identification Number (DIN), Memorandum of Association (MoA), Articles of Association (AoA).
• Next, select the types of company registration, such as private limited, partnership firms, sole proprietorship, etc.
• After collecting all the mandatory documents, the next is to create a MCA Portal User ID.
• Fill out the SPICe+ form by registering on the MCA Portal and submit the relevant documents accordingly.
• After successfully authentication of the application for company registration and its document, the Registrar of Companies (RoC) shall issue the certificate of company registration in Chennai.

Timeline for Company Registration in Chennai

The time required to register a company in Chennai takes about ten to fifteen days if all the documents are accurate. However, the said time for company registration might also differ depending on the case's complexity or workload on the part of the registrar.

Reasons to Pick Corpbiz for Company Registration in Chennai

Choosing Corpbiz for company registration in Chennai is beneficial due to its proficient productivity and support throughout the registration process. We offer professional services, simplified protocols, and a strong awareness of local regulations, crafting the registration process smoother and hassle-free. Our experience and loyalty can help you register your company in Chennai with confidence and ease.

Given below are the reasons why entrepreneurs prefer us for private limited company registration in Chennai-

• Assistance in Choosing the Right Business Structure
• More than 1 Decade of Expertise in Company Registration in Chennai
• Expert Assistance in Obtaining DIN for Company Registration in Chennai
• Assistance in Obtaining a Digital Signature Certificate
• Consultation & Assistance in Obtaining Mandatory Tax Registrations
• Assistance in Selecting a Unique Business Name Registration
• End-to-end Support in Gathering Document Preparation
• Post-registration Compliance Support
• 99% Success Rate in Private Firm Registration in Chennai  
• Reduce your Compliance Burden by 40%