Private Limited Registration Consultants in Chennai

PrivateLimited registration is a process that helps in making a private limited company. It is necessary for the company to have a base capital of Rs 1 lakh. However, this amount can be raised occasionally. This type of business is not open to the general public. A private limited company does not need a business outline, which is required by public companies.

A private limited company is a legal entity and is considered as a separate legal entity from its owners. Thus, it is free from personal liability in case of losses. Moreover, the limited liability feature of a company makes it easy for a company to raise funds from banks. Further, the private limited company has the option of planning for perpetual succession.

Private Limited Registration is important for startups that are looking to raise capital. It is important to choose the right structure based on the nature of your business. There are two types of private limited companies: those that are publicly held and those that are privately held. A private limited company does not have any public shares and is limited to a number of 50 designated partners. In addition to these two types of companies, a private limited company has to file a statement of accounts every year.

The process of Private Limited Registration in Chennai can take anywhere from seven to ten days. The time taken depends on the type of documents that you need and the time available to complete the process. Once the process is complete, the ROC will issue a certificate of incorporation.