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Famous Private Limited for Annual Filing in Chennai

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Famous Private Limited for Annual Filing in Chennai   Private Limited is one of the most popular business structures in India. It has several advantages, such as limited liability. Hence, many entrepreneurs choose to incorporate a Private Limited Company in Chennai, Tamil Nadu. To incorporate a Private Limited in Chennai, you need to follow certain guidelines. These include a minimum number of shareholders and directors, as well as the submission of documents. Among other things, you need to ensure that you have an active status on the MCA portal. This is to demonstrate that you are in compliance with the ROC norms. You should also conduct an Annual General Meeting (AGM) of your company. The meeting should be held within the registered office of the business. A 21-day notice must be given for the AGM. Moreover, you need to hold the meeting during the working hours. During the AGM, the board of directors must present the true financial position of the com...

The Benefits of Private Limited for Annual Filing in Chennai

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The Benefits of Private Limited for Annual Filing in Chennai Whether you're starting a new business or want to change your existing structure, incorporating a private limited company in Chennai is a relatively easy process. However, it's important to know what is involved before you begin. Unlike other types of businesses, a private limited company is a separate legal entity from its owners and directors. It offers several benefits such as limited liability protection. Also, it allows you to easily raise money from third-party investors. You can also transfer your shares to another person. But, you must keep in mind that your private limited company's creditors cannot take their claims against your personal assets. To incorporate a private limited company , you must first decide on the type of business structure you want. The Registrar of Companies (RoC) in Tamil Nadu will help you in choosing the right form. Once you've decided on a structure, y...