Top Company Registration Consultants in Chennai April 2024

Reasons Why Chennai is a great place to Register a Company:

Comprehensive IT Industry:

The IT sector is booming in Chennai, with numerous big companies like TCS, Infosys, and Wipro having a sizable presence there. With access to a vast pool of qualified IT workers and cutting-edge equipment, this IT center presents fantastic potential for tech-based firms.

Rising Automotive Sector:

Due to its rapidly expanding automotive sector, Chennai is frequently referred to as the "Detroit of India". Major automakers, including Hyundai, Ford, and BMW, as well as a number of car equipment producers, call it home. For companies in the automobile industry, this provides a fantastic opportunity.

Rich Historic Heritage:

The city has a diverse cultural history that includes several historical sites and cultural landmarks. Companies now have a fantastic chance to add cultural cues to enhance their brand identity and increase their audience appeal in the region.

Beneficial Government Policies: 

To encourage industry and entrepreneurship in the state, the Tamil Nadu government has launched a number of programs. It is a desirable site for company registration since the government offers several subsidies and incentives to companies. In order to draw in foreign capital, the government has also established a number of industrial areas and special economic zones (SEZs).

Thriving Healthcare Industry:

The city has a thriving healthcare industry, with several major hospitals, research institutions, and medical colleges located in the city. This presents an excellent opportunity for businesses involved in healthcare and related industries.

Exposure to Skilled Employment:

Chennai boasts a sizable pool of experts in a range of professions, including IT, engineering, and the finance sector. This makes it simpler for companies to discover the talent they need to fuel their expansion and success.

A City with Good Access:

It is a well-connected city with good air, train, and road connections to other significant Indian cities. The capital's international airport connects it to a number of well-known locations worldwide, making it an advantageous location for enterprises with global operations.

Different Types of Company Registration in Chennai

Private Limited Company in Chennai: 

A private limited company can be a smart choice for you if you're starting a small to medium-sized business in Chennai. You can restrict the ownership of this kind of firm to a small group of individuals, and the shares cannot be exchanged publicly.

Public Limited Company in Chennai: 

If you're planning to start a large business, a public limited company might be more suitable. This kind of business allows for an unlimited number of shareholders and public stock trading.

Limited Liability Partnership in Chennai (LLP):

Establishing an LLP may be an ideal option if you want to reduce your personal liability in the company. The business structure is a hybrid of a partnership and a company, and the owners of this type of firm have limited liability.

Partnership:

If you are thinking about starting a company with a friend or member of your family, a partnership can be a wise choice. With this kind of firm, you and your partner will split ownership, profits, and liabilities.

Sole Proprietorship:

The sole proprietorship may be an excellent choice if you seek to establish a company on your own but don't want to file as a corporation. You will be held personally responsible for the business's debts and responsibilities if you operate this form of business.

One-Person Company (OPC):

If you're in search of your own business, an OPC can be an excellent choice. You are able to run this kind of company as the lone owner and director.

Documents Required for Company Registration in Chennai

Company registration is a critical step in starting a new business. It is the process of legally establishing a business entity and gaining recognition as a separate legal entity. The documents required for company registration in Chennai will vary depending on the nature and structure of the business.

Here are some general documents required for company registration:

1. Identity Proof of Promoters

2. Address Proof of Promoters

3. Memorandum of Association

4. Articles of Association (AOA)

5. Proof of Registered Office

6. Directors' Identification Number (DIN)

7. Digital Signature Certificate (DSC)

8. PAN Card

9. List of Company Directors

10. Passport Size Photos (4 each)

How to Register a Company Online in Chennai- the Registration Process?

Online company registration in Chennai has never been simpler than it is in the current digital era. A company may now be registered online from the convenience of a business owner's home or workplace, thanks to technology and the internet. To register a company online in India, follow these simple steps: 

Step 1: Obtain a Digital Signature Certificate (DSC)

Getting a Digital Signature Certificate (DSC) for the intended directors of the business is the first step in online company registration. A DSC is an electronic signature that authenticates the signatory's identity. It is necessary to submit documentation electronically to the Ministry of Corporate Affairs (MCA). Licensing certifying agencies can provide DSCs.

Step 2: Apply for Director Identification Number (DIN)

Applying for a Director Identification Number (DIN) for each potential director of the firm is the second phase. A director of a firm is given a DIN, which is an individual identification number. It is necessary for submitting different e-forms to the MCA. The MCA site allows for the online submission of DIN applications.

Step 3: Register for an account on the MCA portal

The next step is to register for an account on the MCA portal. This can be done by visiting the MCA website and clicking on the 'Register' button. The registration process requires providing basic details such as name, email ID, and mobile number.

 Step 4: Reserve a unique name for the company

The next step after creating the account is to reserve a distinctive name for the business. Filling out the Name Reservation Form on the MCA site will enable you to achieve this. Up to six names may be listed on the application, with each name listed in the order of preference along with the potential business ventures. If the name complies with the requirements, the MCA will process the application and authorize it.

Step 5: File the incorporation documents

The next step is to file the paperwork for incorporation once the name has been authorized. The Memorandum of Association (MOA) and Articles of Association (AOA) of the organization, the Form SPICe (Simplified Proforma for Incorporating Company Electronically), and the Form DIR-3 for DIN allocation are all needed for incorporation. Through the MCA site, these documents may be filed electronically.

Step 6: Pay the registration fees

After the paperwork has been submitted, the registration fees must be paid. The MCA portal accepts online payments for the fees, which are based on the company's allowed funds.

Step 7: Obtain the Certificate of Incorporation

After the payment, the MCA will process the documents and issue the COI. The company's name, registration number, day of establishment, and authorized funding are all listed in the Certificate of Establishment, a legal document that attests to the company's formation.

Additional Steps:

Apply for a Permanent Account Number (PAN) and Tax Account Number (TAN) from the Income Tax Department.

Register for Goods and Services Tax (GST) if applicable.

Register for Employee State Insurance (ESI) and Provident Fund (PF) if employing workers.