The Benefits of Private Limited for Annual Filing in Chennai

A private limited company is a business entity that is incorporated in India. It is regulated by the Ministry of Corporate Affairs. It has its own unique features and benefits.There are a few ways to register a private limited company. However, it is advisable to seek professional help. These professionals can guide you through the complicated process.

Private limited companies are more stable than public companies. They are less complex and require less legal expertise. They are also considered to have higher corporate governance. Private limited companies are permitted to raise money from investors, banks and other financial institutions. They are also seen as a secure and trustworthy form of business. The owner of a private limited company is not liable for the company's debts. It is also easy to transfer shares.

A private limited company must file a return every year. Failure to do so can lead to heavy penalties and disqualification of the company's directors. In addition, the Registrar of Companies (ROC) may remove the name of the company from the register. In order to start a business in Chennai, you must first register your company. This can be done with the help of Company Registration Online. The online application requires you to fill in the required details and documents.

You must submit proof of your address and identity. You can use a bank statement, an electricity bill or a telephone bill as residential proof. During the process of registration, you will have to prepare a Memorandum of Association (MOA) which defines the objectives of the company and its relationship with its shareholders.