Company registration in Chennai (Complete Guide)
Do you wish to monetize your creativity? Are you from Tamil Nadu? If you are thinking of starting your company and have doubts regarding company registration in Chennai? Don’t worry. You have come to the right place. We are here to help you. Read this article to get a detailed understanding of Company Registration in Chennai.
Your choice to start your company in Chennai is the best because Chennai is the Capital of Tamil Nadu State and is “the Detroit of India ”, as more than one-third of India’s automobile industry is based in and around Chennai.
The Companies Act 2013 regulates Company registration in Chennai. The Ministry of Corporate Affairs (MCA) administers it.
Central Registration Centre(CRC)
You can do your Company registration in Chennai through online and in paperless mode. You can upload the documents electronically through the MCA website portal, and the Central Registration Centre (CRC) processes them.
Company Registration in Chennai is completely online. Once you complete all registration formalities, the ROC issues a digitally signed Certificate of Incorporation (COI). Anyone in the company can verify the electronic certificates issued by the ministry on the MCA website.
Now, let’s see what are the requirements needed to register your company in Chennai.
The Basic Requirements for Company Registration in Chennai:
Your company must have a minimum of two shareholders to register in Chennai. Among them, the first shareholder(s) should execute the Memorandum and Articles of Association for registering your company.
Your company should have a minimum of two directors. You can designate only individuals as directors of your company. The concerned individual should hold a valid DIN to become a director of your company.
Digital Signature Certificate
You must obtain a Digital Signature for every individual in your company for sure. It is because all filings are through the MCA online application system, appended with a valid Digital Signature Certificate (DSC).
You must select a unique company name for your company. Your proposed Company Name shall comply with the Company Name Availability Guidelines under the Companies Act 2013
You can check the availability of company names in Chennai to ensure that no Company or LLP name with the same or similar name as you propose is already registered.
The amount of money you invest in running your company denotes the Share Capital.
There is no minimum capital requirement for registering a company. However, the registration fee payable to the Registrar of Companies depends on the different slabs of Authorized capital of your company.
Registered Office Address of Company
It refers to the official correspondence address of a company or its principal place of business. All official communications of your company use this address.
Commencement of Business by Company in Chennai
Once you incorporate your company, the first Shareholders must bring the subscribed capital and within 180 days a declaration in Form INC-20A shall be filed. You can commence your business only after filing a declaration with the Registrar stating that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him.
These are the basic requirements you need to register your company in Chennai. As you know the requirements, are you aware of the documents you would require to register a company in Chennai?
What Are the Documents Required to Register a Company in Chennai?
Keep the below documents handy while registering your company:
- Your PAN Card
- Your Identity Proof (Aadhar Card/ License of Directors)
- Your Photograph
- Address proof of the Directors
- Address proof of your company ( It includes EB bill, landlord’s agreement etc)
Prepare all the above-said documents by contacting the respective people. These documents play a vital role in your registration process.
These are the documents you would require to register your company in Chennai. So, now you are having all the documents handy, are you aware of how to register your startup in the Chennai Startup scheme?
How Do I Register My Company in Chennai?
Follow these simple steps to register your company in Chennai.
Register your company under the Ministry of Corporate Affairs(MCA).
Check for the availability of your company name. Once you get the name, download the form for applying.
Upload the necessary documents for incorporation of your company. The ROC officials will verify your forms, and upon successful verification, you will receive the incorporation certificate for your company. It is mandatory to receive an incorporation certificate which serves as proof of registration.
Congrats, your company is now registered.
Alright, you have registered your company in Chennai. Now, you must know the proceedings regarding the GST services of your company. Read more to get a better understanding.
How Do I Register My Company in the Gst Portal of Chennai?
GST registration in Chennai is online now. You can register your startup in the GST portal.
You must have these documents to do GST registration in Chennai:
- PAN Card of your business
- Your PAN card
- Your identity proof with the photographs
- Your address proof
- The incorporation certificate of your company
- Your company address proof
- Bank account statement of your company
- Your Digital Signature Certificate
- Authorization Letter
Once you have all these documents handy, login to the GST portal and register your company details. Upload all the necessary documents and register for GST services. The officers will verify your application, and you will receive GST certificate for your company within 3 to 5 working days.
FAQs: Company Registration in Chennai
Who are the best company registration service providers in Chennai?
There are several company registration service providers available in Chennai and online. Instafiling provides you with the best service at an affordable cost. You can give us your details and relax. You will receive your complete registration certificate within 3 to 5 working days.
We have an expert team that processes your application with the utmost care. Looking for any registration service at an affordable cost? Feel free to contact us at Instafiling.
What are the advantages of Company Registration in Chennai?
Company registration in Chennai includes many advantages includes:
- Better Business Credibility and Acceptance.
- Ease of attracting Customers and vendors.
- Ease of fundraising from investors.
- Limited Risks for Business Liability.
- Ease of attracting employees
The above article gives a detailed view of registering your company in Chennai. If you are in Chennai, and planning to start your company, hopefully this article helps you. The company registration process is online nowadays, and you can do it easily if you have all the necessary documents handy.
If you wish to know more about your company registration in Chennai and follow-up processes, feel free to contact us. We are available all the time to help you.
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