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Company Registration in Chennai ALANDUR ALANDUR MUTHIYAL REDDY STREET

Starting a company in Chennai Alandur Alandur Muthiyal Reddy Street is easy through Filing Point. Private Limited Company is best business structure to start a business in India. It helps you to maintain limited liability, seperate legal entity, buy assets in own name, open bank accounts, open branches anywhere, do business and enjoy governemnt startup subsidies and certain tax benefits in Chennai Alandur Alandur Muthiyal Reddy Street. All that is required are PAN card/Passport, if foreigner of the promoters, address proof and bank statement copies of the promoters along with address proof for the registered office address at Chennai Alandur Alandur Muthiyal Reddy Street. A company can be started in about 10 - 15 days. If you have the necessary documents, you can Call us and Discuss with our Advisor to incorporate your Company.

Limited liability is the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a private limited company the liability of the shareholders in respect of the company’s liabilities is limited. In other words, the liability of the shareholders of a company is limited only to the value of shares taken up by them.

NRIs, foreign nationals and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to be a part of the company on the Board of Directors.You need to have your registered office in India Only.

Do you know how many days will take to start a company in Chennai Alandur Alandur Muthiyal Reddy Street? Generally it takes maximum of 15 workings days to incorpoate a Startup Company with Our Company Registration Consultants in ALANDUR.

List of Documents Required for Company Registration

For Indian Nationals

  • Two Colour Photographs of Promoters
  • PAN Card of Each Promoter
  • Identity Proof (Voter ID / Driving License/ Passport)
  • Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
  • Proof of Registered Office
  • Utility Bill as proof must be Latest
  • Rental Agreement
  • NOC from the owner of the premises

For Foreigners

  • Two Colour Photographs of Promoters
  • PAN Card of Each Promoter
  • Identity Proof (Voter ID / Driving License/ Passport)
  • Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
  • Proof of Registered Office/Rental Agreement
  • Utility Bill as proof must be Latest
  • NOC from the owner of the premises
  • *We charge additional amount of Rs.7500/- per Director

Advantages of Registering a Private Limited Company

Company Registration in Chennai

Easy to Start

Company Registration is a very easy task. Therefore, it is one of the best form of business entity to start easy. Also it gives you major 6 Advantages of Incorporation of a Company Under Companies Act and you can have assets or you can borrow in the name of the company.

Business Name

After starting a Private Limited, no one can have the same name as their company name. It is the advantage of a Private Limited. But always do not try to infringe any registered trademark.

Multiple Directors

A Private Limited can have two or more directors. It gives you best option to pool all talented people and convert as a single positive result.

Lower Taxes

Income-Tax Department has reduced the Corporte Tax Upto 18% if Gross turnover upto 250 Cr. in the previous year and other conditions. And also it can enjoy some of the tax deductions, which could potentially decrease the tax liability.

Easy to Close

With the help of Provisions of the Commpanies Act,2013, we can close a closely help companies easily. After Filing relevant eforms with MCA, the department is taking immediate action to closing within 6-9 months time.

What is the Best Business Structure - Differences
Check advantages and disadvantages of Common Business Entity Types in Chennai Alandur Alandur Muthiyal Reddy Street

+ Separate legal entity
A Company is a separate legal entity separate from its promoters
An OPC is a separate legal entity separate from its promoters
An LLP is a separate legal entity separate from its promoters
A Partnership is a legal entity but not different from partners
The proprietor and the proprietorship business is the same thing
+ Limited Liability
Shareholders of a Company are bound to pay only upto the capital they have subscribed to the company.
In OPC, unlike a proprietorship, the shareholder cannot be asked to pay beyond his subscribed capital
The partners of an LLP can be called upon to pay only upto the amount of capital they subscribed to.
There is no protection of limited liability, even the personal properties of partners are at risk for losses of business
The proprietor is the whole sole of the business, and his liability to the debts or losses of proprietorship is unlimited.
+ Number of members
2 - 200
A Company can be opened with at least two people. However, the maximum number cannot be more than 200
1
In the case of OPC, Only one person can be a shareholder. He would be required to appoint a nominee.
2 - unlimited
With two partners an LLP can be incorporated, there is no limit on the maximum number of partners
2 - 20
A Partnership firm can start with a minimum of two partners, the, however, the maximum number is capped at 20
1
Only one person is required for proprietorship, also known as proprietor.
+ Number of Directors /DP
2-15
A company can be opened with at least two and a maximum of 15 directors. The same person can be a shareholder as well as director
1-15
At least one person must be appointed as director of the company. The shareholder and director may be the same person
2 to unlimited
The minimum two designated partner is required in an LLP & there is no limit to the maximum number.
Not Applicable
There is no separation of ownership and management in case of a partnership. All partners are equally responsible for the conduct of business.
Not Applicable
In case of a proprietorship, the proprietor is solely responsible for the conduct of business.
+ Foreign Investment (FDI)
Foreign Direct Investment in case of a Private Limited Company is available under the automatic route.
FDI is not allowed in One Person Company
FDI in LLP Is permitted subject to prior approval from the central government
FDI is not allowed in Partnership Firm
FDI is not allowed in proprietorship Business.
+ Ownership Transfer-ability
The shareholding of a Pvt Ltd Company is easily transferable
OPC Shares can be transferred to new shareholder along with the nominee
In LLP share of a partner can be transferred with the consent of all other partners.
Not Possible, every admission or removal of partner amounts to the new firm.
Not Applicable
+ Perpetual Existence
A Company exists beyond the life of its owners /shareholder. After the death, the shares transmits to legal heirs
OPC Continues to exist even after the death of its only shareholder, as it passes to the nominee.
The LLP also have perpetual existence and exists beyond the life of the designated partner
No perpetual existence, with the death of a partner, the partnership ends.
No perpetual existence, with the death of the proprietor, it ends.
+ Tax Benefits
Effective
The company tax rate is flat at 25% on its profits
Effective
The company tax rate is 25% on its profits
Low
LLP Income Tax Rate is 30% on its profits
Low
Partnership firms are taxed at 30% on its profits
Good
For a small business with low turnover, there is the benefit of individual tax slabs
+ Statutory Compliance
High
The company is required to file an annual return, balance sheet to ROC and ITR around the month of September
High
OPC is required to file an annual return, balance sheet to ROC and ITR around the month of September
Low
LLP have to file an annual return in form 11 and financial statement in Form 8 and ITR
Minimum
Only ITR is to be filed
Minimum
ITR is required to be filed if the taxable income is more than 2.5 Lac
Formation Cost
4,499/
4,499/-
4,499/-
3,000/-
2,500/-

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Private Limited registration is the best legal structure for Start-ups and growing companies in India. A Private limited Struture allows Venture Funding to be raised easily, limits your liabilities.

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