With startups spurring all across the nation, the need for registered business is at an all-time high. The introduction of new rules and easing of doing business and registering a company has been “super easy!” from any part of India. It is estimated that very recently Chennai metropolitan area ranges from $78.6 to $86 billion (PPP GDP), ranking it from fourth- to the sixth-most productive metro area of India. It is also 2nd largest exporter of information technology (IT) and business process outsourcing (BPO). This article talks about how you can register a company in Chennai.

Before delving right into the topic, let us understand a few things!

What is a Company Registration or Incorporation?

Company Formation or Company Incorporation/Registration is the process of registering a business as per the procedures defined in the Companies Act, 2013 by the Central Government of India through the Ministry of Corporate Affairs (MCA). Where the owner gets the freedom to decide the type of company under which a business can be registered.

Types Of Business Registration

• Private Limited Company Registration: The Company registration process is online and for registering a Private Limited Company, it requires a minimum of two shareholders and two directors are required.
• Limited Liability Partnership Registration: In Limited Liability Partnership (LLP) two or more individuals that come together with the purpose of creating a legal partnership to provide goods or services with the limitation of each person’s financial risk.
• One Person Company Registration: An One Person Company is incorporated as a Private Limited Company, where there are only one member and prohibition in regard to an invitation to the public for the subscription of the securities of the company.
• Nidhi Company Registration: A Nidhi Company is a company in the Indian non-banking finance sector. Their core business is to borrow and lend money to its members.
• Section 8 Company Registration: Section 8 Company is a company which is registered for charitable or not-for-profit purposes.

Each type of company has its advantages and disadvantages. A business owner can decide according to different factors like capital, numbers of shareholders and number of directors etc. Let us look at the pre-requisite to register a company.

Documents Required for Registration

• Email Ids and contact number of directors
• Photograph of Directors
• Rental Agreement of office or any ownership proof
• Additionally, Electricity Bill of office
• Directors AADHAR Card copies
• Directors PAN Card copies
• Any other information if required

Benefits Of Company Registration/Incorporation

• Get investment/ funding for your Business.
• Your Liability as an individual is limited
• Enhanced Brand Image and Improved Trust Factor
• Legal Identity/Recognition to the business
• Numerous Tax Benefits

How can we help you?

Online Legal India™  expert team of highly qualified CA/CS and 10+ years experienced lawyers who would assist you through the rest of the process of Company Registration in Chennai. We have budgeted services for ones who are willing to start up a company, business or any other kind of organization.