Chennai is one of the fastest growing cities in the world and is ranked among the Forbes top 10 fastest Growing cities in the world. It is one of the largest cultural, economic and educational centers of south India. Chennai is among most visited Indian cities by foreign tourists. Greater Chennai is one of the largest municipal economies of India. Chennai has a broad industrial base in the automobile, computer, technology, hardware, manufacturing and health care sector. Major Chennai Company has their offices set up here which make Chennai their largest base. It is the high time to set up your new venture or startup business in Chennai. So if you have a Startup or newventure, for Company Registration in chennai you have to register your business under the Companies Act of India before starting its operations in Chennai or anywhere in India.
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Company registration Chennai is regulated by Companies Act 2013 and administered by the Ministry of Corporate Affairs in India (MCA) and Registrar of Companies.
We will discuss three major types of business entity which you can choose for your Startups but its selection will depend upon your product and services.
- Private limited company
- Limited Liability Partnership
- One Person Company
Now the main question arises “How to register a startup company in India�
(Let’s discuss all Startup businesses registration process in CHENNAI)
Private limited company registration in chennai
- Private limited company is an entity with minimumtwo directors and their liabilities are limited to its capital raised.
- Documents required :-Pan cardPassport/election cardAadhar cardDigital signature Latest one month utility bill with complete address.
- Once name is approved Memorandum of Association and Article of Association can be drafted with Spice plus form to submit in Ministry of CorporateAffairs Chennai for approval.
- Now, Certificateof Incorporation, PAN, andTAN will be received in the form of soft copy via email which you have given at the time of company incorporation in Chennai.
- Company registration in Chennai online comes with spice form feature of opening a current account. Bank opted with spice plus form can contact branch to activate bank account in the nearest branch where company is located.
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Limited liability partnership Registration in chennai (LLP)
Basic requirements
- LLP Registration in Chennai, LLP stands for limited liability partnership; here minimum two partners are required for registering a firm.
- Partners Documents like Pan, Aadhar, Digital Signatures.
- Utility Bill for Proof of address
- Now, you have to approve your firm name, after your firm name got approved, you have to file LLP Spice Formwith the registrar of company Chennai to get company incorporation certificate.
- A partnershipdeed is to be signed between partners and is to be filed with registrar of companies Chennai within 30 days, if days exceed LLP would be fined.
- After get approval on MOA & AOA, LLP can be registered and you will get incorporationcertificate.
- After getting certificate of incorporation next step is to obtain PAN, TAN and BANK account. (PAN TAN are to be obtained from NSDL)
- After completing all these steps you can start your business as LLP organization.
NOTE: - In LLP you have to file Form 8, Form 11 and Income tax return every year without any delay.
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One person company (OPC) registration in chennai
- OPC stands for one Person Company where single person presents as the director of the company. If you are a single founder and want like a private limited company, this option is best suited for you.
- Requireddocuments (single director and nominee)
- Approval of the company name is the first step in registering OPC.
- After name approved, Memorandum of Association & Article of Association will be drafted as per the company objectives.
- Now spice plus form is submitted with the registrar of companies Chennaifor name approval.
- Once the company registration process is successfully done, you will receive softcopies of PAN, TAN & Incorporation certificate from MCA/income taxdepartment via email id which you have given at the time of incorporation.
- After verification, the registrar of companies will issue Certificate of incorporation and you can commence your business.
Registration fees in chennai
- Pvt. Ltd company registration fees
Below these are government charges:-
Forms | Cost involved |
DSC | Rs. 1400 |
INC-29 | Rs. 20 |
Stamp duty on MOA | Rs. 200 |
Stamp duty on AOA | Rs. 300 |
INC-7 | Rs. 20 |
Pvt. ltd Company Registration Fees at Tax Advisory
Private limited company registration cost at Tax Advisory is just Rs. 6999/- only
This registration fees includes
- Name approval fees
- Payment to stamp duty to state government
- Preparation of MOA & AOA
- Opening company online Bank Account
LLP Registration Fees
Below are the government fees for filling forms
Forms | Cost involved |
DSC | Around Rs. 1500 to 2000 for 2 partners |
DIN | Rs. 1000 for 2 partners |
Name reservation | Rs. 200 |
Incorporation | If capital contribution up to Rs. 1 lakhs - Rs. 500 & if Between Rs. 1 and 5 lakhs – Rs. 2000 |
LLP agreement | If capital contribution up to Rs. 1 Lakhs – Rs. 50 for filing form 3 |
LLP Registration Fees at TAX Advisory
LLP registration fees is just Rs. 9999/- (inclusive of all taxes)
This registration fees includes
- 2 DSC (Digital signature) and DIN(Direction identification of partner)
- Name approval fees of MCA
- Certificate of Incorporation(LLPIN), PAN of LLP, TAN of LLP
- Preparation of LLP agreement
OPC Registration Fees
Below these are government charges:-
Forms | Cost involved |
Stamp duty on AOA | Rs. 300 |
Stamp duty on MOA | Rs. 200 |
Stamp duty on SPICe | Rs. 25 |
PAN/TAN fee | Rs. 131 |
Name approval fees | Rs. 1000 |
Class II digital signature | Rs. 1000 |
Note: - These charges will be applicable if you have authorized capital up to Rs. 1, 00,000
OPC registration fees at Tax Advisory
OPC registration fees is just Rs. 8999/-
This registration fees includes:-
- Register your OPC at Ministry of Corporate Affairs
- Complete required documents
- Tax compliance
- Legal Advice
- Drafting & filing by CA/CS
Conclusion: - Chennai has a broad industrial base in the automobile, computer and technology with fastest growing city in the world. If you are living in Chennai or want to start your business there it’s a high time to start. So for starting any new business entity in India you have to choose one of the various business entities like Pvt. Ltd Company, OPC, and LLP. Online company registration in Chennai or new company registration in Chennai might be difficult for you, so we the team of TAX ADVISORY is here for you. Tax advisory includes experts like CA, CS, MBA’s and Advocates. We have experience in handling all legal services. MCA uses to come with numerous changes and updates & we take care of it for you. You can visit www.taxadvisory.in .