Steps for private limited company registration in chennai

Private Limited company registration in chennai

Private Limited company registration is the one of the flexible and right form of business registration for growing business needs and improved goodwill.

Here we have tried to help new startups or existing business on registering private limited company.

Pre - Requisites /  eligibility - general myth. 

There is no specific conditions for registering private limited company , it is myth that private company registration should be done only for big concerns or enterprises with more manpower.

How to start with - Basic requirements - 3 things to be focused.

Registration of private limited company is normally done for business handled by closed group or friends or relatives. 

1. Composition of directors - Private limited company registration can be done with minimum of 2 directors , and minimum of two shareholders, in most case private limited company registration is done with 2 shareholders who will be directors. 

2. Registered Address - It is must to decide on address of registered office registration process gets smooth and easy. 

3. Documents Required - 

    Directors -                   1 -  Pan copy 

                                        2 -  Address Proof.
                                        3 -  Id Proof.

                                        4 -  Photos

  

    Other Documents Required - 

                                        1. Rental / Lease Agreement in proposed company name to be executed by                                               any one of shareholder.
                                        2. E . B Card with Latest E.B Bill.
                                        3. No objection certificate from Land Lord for Use of Premises.

                                        

Once Above said three Things can be made available registration process can be started with. 

Process

Application Process

Step 1 - Application for Digital Signatures for Both Directors.
Step 2 - Application for DIN.
Step 3 - Application for availability of name. 

Step 4 - Application for registration of company with approved name.    

Once company is successfully registered , other mandatory business registrations should be done as soon as possible.

Call us for registering your private limited company or for any other business startup queries @ 9884999123.

Choosing best form of business structure - Private limited company registration or proprietor ship firm.

Choosing right structure of business is critical in view of tax savings and legal compliance.Most of the new startups fails to address the right type of registrations required.  The myth among most of the new startups is that private limited company is the best form of business structure because of Branding concept , however they fail to make cost benefit analysis before opting for the same.

A small business with turnover of Less than Rs.1,00,00,000 may opt for proprietor form of business due to its tax advantages under income tax act and service tax law apart from other cost of compliance.

Brief comparison of costs

Point of comparison	Proprietor concern	Private Limited Company
Audit	Not Mandatory  below tax audit Limit	Mandatory
Tax Rates	Slab Rates - 10 % , 20 % , 30 %	Flat 30
Service TAX SSI Exemption	Available	Not Available
Audit Fee	Starting From Rs.20000.	Starting From Rs.35000.
Maintenance of accounts	Applicable only for Tax Audit Cases	Mandatory
Other Expenses Per Annum	Accountants Salary - Tax Audit cases - 180000 ROC Filing Fees - NA.	Rs. 180000. ROC Filing Fees - 10000.

Still Private Limited company may be opted for Specific Business, Branding , Positive Benefits over Proprietor  concern , Limited Liability. 

We Provide Private Limited company Registration in chennai and other parts of the country.  Contact us for More Details 9884999123 , www.mlcorporate.in   contact@mlcorporate.in