Private Limited Company Registration in Chennai
What is the registration of private limited company in chennai
The most popular type of entity which is aptly suitable for small companies.
A Pvt Ltd company registration in Chennai is an independent legal entity registered under Indian Companies Act.
In this type of entity, the shareholders Liability is limited by its shares.
It is registered for pre-defined objects and owned by a group of members called shareholders.
Startups and companies with higher growth aspiration popularly choose or register a private company are suitable for company structure.
The company entity gets recognized as a Company through its private limited registration in Chennai is under the Companies Act of 2013 in India.
The governing body is the Ministry of Corporate Affairs, widely known as MCA.
The definition of Private Company under the Act is provided here to understand its basics. Section 2 (68) of the Act defines a Private Company as under:
A Registration of private limited company in chennai having a minimum paid-up share capital as may be prescribed, and which by its articles,—
register a business name in chennai
(i) restricts the right to transfer its shares;
(ii) except in case of One Person Company, limits the number of its members to two hundred;
(iii) prohibits any invitation to the public to subscribe to any securities of the company
A Pvt ltd registration is the formation of a minimum of two shareholders and a maximum of 200 shareholders.
Also, creditors do not have the authority to sell the directors’ personal assets.
Make sure your company is registered as a private limited company in India to start a business.
private limited company registration in chennai
What are the Minimum Requirements forming a private limited company in india
There are certain requirements to form a Pvt Ltd Company Registration in Chennai
Minimum 2 Shareholders
Minimum 2 Directors
Minimum 1 lakh of paid up share capital
Office space in India
What are the documents required to Incorporate and register a private company in chennai
What are the documents required to Incorporate a private company registration in chennai
Proof of Director/Shareholder
Passport size photo
Savings bank Account Statement/Phone bill/Gas Bill
Proof of the company Premises
Electricity bill / Property tax receipt
Private Limited Company Registration in Chennai and it's Characteristics
Members: PVT Limited Company can be formed with a minimum of 2 shareholders with a maximum of 200 members. There should be a minimum of 2 directories and the maximum of 15 directors.This does not include any past members of a company.
Paid-up Capital: Under the Indian Company Law, a Private limited company can be formed with a minimum paid-up capital of 1 lakh. This would be the capital of your company.
Perpetual Succession: The limited liability company continues to exist even in the event of the death, insolvency or bankruptcy of any of its members. What is legally known as perpetual succession of the company. The lifetime of the limited liability company continues to exist forever.
Separate Legal Entity: Private Limited Company is not like a proprietary company or partnership, it enjoys separate legal entity status. A separate PAN card will be available in the name of the company. In addition, a Private Limited Company can acquire property in its own name.
How to select a Name for registration of private Ltd company in India
First Part: A private limited company name has three different parts. The first part should be a unique prefix, in simple words, the prefix acts as the trademark of the company, hence it should be a very unique word. For example, PENTA. This is the key term of the company and this would be the identity of your company.
Second Part: The second part of the company name should describe the companyactivity of the applicant. This term should be a descriptive term, for example, if you are into automobile company, the term motors or automotive would be a suitable middle word of your company name. Example PENTA MOTORS
Third Part: The third part should represent the constitution type. If it’s going to be a Private Limited Company, the company name should end with Pvt. Ltd. or if it’s going to be a Limited Liability Partnership, the name will end with LLP.
Example PENTA MOTORS PRIVATE LIMITED
Registration Requirements for a pvt ltd registration in chennai
Registration Requirements for a Private Limited Company registration in chennai
Choose the company activity: The first step towards formation of a company is to choose what is the company activity that we are about to do.
Select the Name of the Company: The second step is choosing the company name for your company, this would be the trade name of your company, so choose a unique and attractive term.
Choose the Shareholders: The shareholders are literally the owners of the company, choose your co-founders correctly so as to avoid any dispute in the future.
Pick the Directors: Decide the list of directors who are going to operate the day by day company activity. Choose the effective and appropriate people as directors.
Private Limited or pvt ltd company registration process in online
private limited company registration process & private ltd company registration
The appropriate authority to register Pvt ltd company in India is the Registrar of Companies. The private limited company registration services or process would be carried out through the MCA portal owned by the Ministry of Corporate Affairs. Now here we are going to explain to you how to register a pvt ltd company in india through online sitting.