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Unlocking the Benefits: Chennai's Online Private Limited Company Registration and Documents

Writer's picture: dharani baidharani bai
Sep 4, 20235 min read

Updated: Sep 14, 2023

Private Limited Company in Chennai: Your Path to Business Success and Legal Protection


A Private Limited Company in Chennai offers a range of advantages for entrepreneurs and business owners. With a minimum of two shareholders, it provides a flexible and manageable structure for small to medium-sized enterprises. Chennai's thriving business ecosystem makes it an ideal location for setting up such companies. These entities enjoy limited liability, safeguarding the personal assets of shareholders. Additionally, they can raise funds from Venture Capitalists or Angel investors, providing opportunities for growth and expansion. The registration process involves a few straightforward steps, including obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for directors to ensure compliance with regulatory requirements. A Private Limited Company in Chennai offers a conducive business growth and development environment.

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Private Limited Company in Chennai: Your Path to Business Success and Legal Protection
Private Limited Company in Chennai: Your Path to Business Success and Legal Protection


Features of a Private Limited Company in Chennai:


1. Members: According to the provisions of the Companies Act 2013, a company must have at least two members and can have a maximum of 200 members.

2. Prospectus: Private companies are not required to issue a prospectus or file a statement instead of a prospectus with the Registrar of Companies.

3. The company cannot accept deposits: Private companies cannot solicit funds from the public, and shareholders face restrictions on selling or transferring their shares.

4. Fund Raising Capacity: Private Limited Companies can secure funds from Venture Capitalists or Angel investors but are not permitted to go public as more giant corporations do.

5. Protection Against Liabilities: Shareholders of a Private Limited Company are generally not pursued for any shortfall to pay creditors unless proven to have acted recklessly. However, if the company becomes insolvent, Investors may lose their investment.

6. Limited Liability: The most essential feature of a Private Limited Company is limited liability. Shareholders' assets are protected if the company faces financial difficulties.


Benefits of Registering a Private Limited Company in Chennai:


1. Min 2 Shareholders: You can initiate a Private Limited Company in Chennai with just two members who will act as shareholders and directors.

2. Borrowing Capacity: Private Limited Companies have better-borrowing avenues than other business forms, such as sole proprietorships and partnerships.

3. Business Continuity: A Private Limited Company enjoys perpetual existence, meaning it continues to exist regardless of changes in ownership.

4. Minimum Capital Required: One lakh is required to incorporate a Private Limited Company.

5. Limited Liability: Shareholders' assets are not at risk if the company faces financial distress. They have limited liability, which means Their responsibility is confined to the unpaid amount on their shares.

6. Separate Legal Entity: Unlike partnership firms, a company possesses a distinct legal identity separate from its owners.


Documents for Private Limited Company Registration in Chennai:


  • PAN card and Residence Proof of company directors.

  • Copy of the rental agreement or EB Card for the Registered office

  • A copy of the most recent bank statement, telephone or mobile bill, or electricity or gas bill.

  • Passport-size photographs.

  • Specimen signature (a blank document with signatures of directors only)

  • Copy of the passport (in the case of a Foreign Director).

Services Included in this Package:

  • Verification of Documents

  • DSC and DIN for two directors

  • Name approval and ROC fees

  • Drafting MOA & AOA

  • We will follow up until we obtain the certificate.

  • Applying for PAN and TAN.

Process of Private Limited Company Registration Online in Chennai:


1. Applying DIN and DSC: All directors require Digital Signature Certificates (DSC) and Director Identification Numbers (DIN).

2. Name Approval: Provide 4-6 proposed names that should be unique and suggestive of the company's business.

3. MOA, AOA and Affidavit: Draft Memorandum and Articles of Association Prepare an affidavit and declaration by the first subscribers and directors.

4. Company Registered: Once the ROC accepts the filing, it issues a certificate of incorporation, allowing the company to commence its operations.

5. Apply for PAN, TAN, and Bank Accounts: Apply for PAN and TAN. Once received, submit the Incorporation certificate, MOA, AOA, and PAN to open a bank account.


Frequently Asked Questions (FAQs) about Private Limited Companies in Chennai:


1. What is a Private Limited Company in Chennai?

  • A Private Limited Company is a type of business structure where the liability of its members (shareholders) is limited to the amount unpaid on their shares. It's a popular choice for small to medium-sized businesses in Chennai.


2. How many members are required to start a Private Limited Company in Chennai?

  • A minimum of two members and a maximum of 200 members are required to establish a Private Limited Company in Chennai.


3. What is the minimum capital requirement for registering a Private Limited Company in Chennai?

  • The minimum capital required to incorporate a Private Limited Company in Chennai is one lakh rupees.


4. Can a Private Limited Company in Chennai raise investor or public funds?

  • Private Limited Companies can raise funds from Venture Capitalists or Angel investors but cannot issue shares to the public through a stock exchange like larger public companies.


5. What is the process for registering a Private Limited Company in Chennai?

  • The registration process involves obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for directors, reserving a unique name for the company, drafting the Memorandum and Articles of Association, and submitting the necessary documents to the Registrar of Companies.


6. Is the liability of shareholders in a Private Limited Company limited?

  • Yes, the liability of shareholders in a Private Limited Company is limited to the unpaid amount on their shares, protecting their assets in case of financial distress.

7. Is there an annual renewal requirement for Private Limited Companies in Chennai?

  • No, Private Limited Companies do not need to renew their registration annually. It is a one-time registration with a perpetual existence.

8. Can a Private Limited Company become another type of business structure in Chennai?

  • Yes, a Private Limited Company can convert into another business structure, but this process involves specific legal procedures and approvals.

9. What documents do you need for registering a Private Limited Company in Chennai?

  • Documents typically include PAN cards and residence proof of company directors, rental agreement or EB card for the registered office, bank statements or utility bills, passport-sized photographs, and specimen signatures of directors.


10. How long does registering a Private Limited Company in Chennai take?

  • The registration process usually takes around 15 to 20 business days, depending on the timely submission of documents and approvals from regulatory authorities.



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