Famous Private Limited for Annual Filing in Chennai

Famous Private Limited for Annual Filing in Chennai

 



If you are an entrepreneur who wants to start a new business in Chennai, then you should be aware of the basics of registering a company. It is also important to understand the legal requirements that you must follow. Depending on the nature of your business, you may be required to fill several forms.

Private Limited Company is one of the most popular types of business structures in India. This type of company has many advantages and limitations. One of the biggest advantages is limited liability. Unlike shareholders of a public limited company, members of a private limited company do not have to take responsibility for the debts of the company.

A Private Limited Company can only operate in a specified scope. Generally, the scope of a private limited company is restricted to activities listed in the object clause. The scope of a private limited company has undergone many changes since its initial inception.

In order to register a company in Chennai, the first step is to prepare and sign a Memorandum of Association. This document is a legal document that outlines the objectives of the company and the relationship between the shareholders and the directors.

Next, you must hold an Annual General Meeting. This meeting must be held on a day that is not a public holiday. You must give at least 21 days' notice before the meeting.

The Registrar of Companies (ROC) in each state assigns the CIN (Corporate Identification Number) to the company. The CIN is a unique identification number that allows the company to be incorporated in the country.

 

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