Famous Private Limited for Annual Filing in Chennai

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 company.

In addition, you need to prepare a Balance Sheet for the Private Limited Company. This document must be approved by all the company directors. Also, you must file a director report, a profit and loss account, and a draft financial statement.

The first step is to decide the structure of your business. You can opt for a unique name, an activity word, and a PrivateLimited Company.

After that, you must create a Memorandum of Association. This document lays out the main objectives of your business, as well as the rights and duties of the management.

 

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