Famous Private Limited for Annual Filing in Chennai

Famous Private Limited for Annual Filing in Chennai

 


Private Limited Company is the favored structure of business in India. It offers owners the benefit of limited liability. But before incorporating a private limited company, there are certain legal procedures and requirements to be fulfilled.

Firstly, entrepreneurs should choose a unique and appropriate name for their business. Then they should decide the legal structure of their business. Depending on their business, they can choose between a One-Day Company Incorporation with SPICe, a One-Day Company Incorporation or a Private Limited Company.

Once the company is registered, a board of directors should be elected. These individuals must have a valid PAN (Personal Identification Number). Moreover, all members of the board must be identified and have a valid Digital Signature Certificate.

Another important requirement is a Memorandum of Association. This document defines the company's primary objectives and relationship with shareholders.

After preparing and submitting all the documents, aPrivate Limited Company is eligible to start its business activities. To do so, they must file a declaration with the Registrar. If the company fails to do so, it can be removed from the Registrar's books. However, if it does comply, it will remain in the good books of the Registrar.

Directors of a private limited company must have a valid Director Identification Number. Like an Aadhaar card, it is a digitised document that is signed and verified digitally.

In addition to a Director Identification Number, a private limited company must also have a registered office address. This will be the official correspondence address for all communications with the Registrar of Companies.

 

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