Private Limited Company Registration in Chennai
Private Limited Company Registration in Chennai is one of the popular options to start a business amongst startups and emerging businesses. It is a corporate entity that is easy to register, manage and run. It can induct up to 200 shareholders wherein the liability of each member is limited.
20000+ Happy Clients | 100+ Professionals | 300+ Partners
10000+ Businesses Incorporated
5/5 Google Rating
100% Guaranteed Satisfaction Policy
How it Works
Reach us out for assistance
Get professional support in minutes for free
Our team completes your task after detailed discussion
You job is completed with hassle free business support.
Pvt Ltd Company Formation in Chennai
Chennai also known as Madras is the capital of the Indian state of Tamil Nadu. It is the biggest cultural, economic, and educational center. It is the sixth most populous city in India. It is among the most visited Indian cities by foreign tourists. The Quality of Living Survey rated Chennai as the safest city in India. The city is India’s second-largest exporter of information technology (IT) and business process outsourcing (BPO) services.
It is a state which offers us enormous business opportunities and scale of enterprises. A business start-up or a company start-up is a decision of an entrepreneur and requires in-depth strategic, business, and legal considerations.
If you are looking to build a business in India, Chennai is a place you should consider with utmost importance. Once you have come up with a business idea and decided to start a business you will need to follow some procedures to register a company in India.
Pvt Ltd Company is considered one of the most popular legal structures amongst small, medium, and large businesses in India due to its various advantages. It can be chosen by anyone looking to build a scalable business. It requires a minimum of two members and a maximum of two hundred members.
A Private Limited Company is a type of privately held small business entity, in which the owner’s liability is limited to their shares, the firm is restricted to having 200 or fewer shareholders, and shares are prohibited from being publicly traded. A shareholder of a pvt ltd company has limited liability towards creditors, it is restricted only up to the unpaid amount of shares.
In case of a default, banks/creditors can sell only the company’s assets but not the personal assets of directors and shareholders. Start-ups and growing businesses choose Pvt Ltd Company Formation in India because it allows outside funding to be raised easily, limits the liabilities of its shareholders, and enables them to offer employee stock options to attract top talent.
As these entities must hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), they tend also to be viewed with more credibility than a Sole Proprietorship or General Partnership.
Features of Private Limited Company Registration in Chennai
In order to start a Private Limited Company, a minimum of 2 members/shareholders are required. An individual person above 18 years of age or a body corporate can be a member or shareholder. The maximum count of members/shareholders in a Private Limited Company can go upto 200.
A Private Limited Company needs to have a minimum of 2 directors who shall manage the conduct and affairs of the company. The directors may be existing shareholders of the company or can be a person other than a shareholder. There may be a maximum of 15 directors in any company. Every Indian Company has to ensure that they have 1 director who is a permanent resident of India.
- Restriction on Transfer of Shares
The members/shareholders of private limited companies cannot transfer their shares publicly. There can be a restriction on the transferability of shares in these companies.
- Foreign Direct Investment (FDI)
Foreign citizens, foreign corporate entities, NRIs, or OCIs are allowed to be the Directors and/or Shareholders of a Company with Foreign Direct Investment, which makes a Pvt Ltd Company a preferred choice of entity for foreign promoters.
- Prohibition on Inviting Investments from Public
A Private Limited Company is not allowed to invite shareholders publicly to purchase or subscribe to its shares or any other kind of securities. It is also not allowed to accept deposits from the public other than its members, directors, or relatives of directors.
Advantages Of Private Limited Company Formation in Chennai
Minimum Requirements For Pvt Ltd Company Registration in Chennai
What Is Included In Our Private Limited Company Registration in Chennai package?
Pvt Ltd Company Registration Process in Chennai
Documents Required for Company Formation in Chennai
Compare Your Options
Why Registration Arena
Registration Arena offers various packages at different prices with flexible payment options made to best suit your budget.
With a combined experience of 10+ years, our CA, CS and Legal experts ensure your work is done conveniently with utmost accuracy and timeliness.
Best in class customer service
We are always keen on speaking to our customers and resolving their queries. Have any doubt? Contact us without any hesitance through email, phone WhatsApp, or contact form