Famous Private Limited for Annual Filing in Chennai

Famous Private Limited for Annual Filing in Chennai



If you are planning to start a business in Chennai, Tamil Nadu, there are a number of important factors to take note. First and foremost, you need to decide on a legal structure for your company.

Private Limited Companies are one of the most common types of legal structures in India. These structures limit the ownership of the owners to shares in the business. They also restrict the shareholders from publicly trading their shares.

To ensure that your private limited company is in compliance with the rules, it is vital that you follow the filing requirements. All private limited companies in India are required to file annual return documents. It must be done within 60 days of the end of the financial year. Failure to do so can lead to significant penalties.

The first step in the annual compliance process is to obtain an Incorporation Certificate. This certificate proves that your company was incorporated in India. You can get this document from the Registrar of Companies in Chennai.

Your private limited company must hold an Annual General Meeting (AGM) at least once every six months. The AGM must be held during normal working hours. Unless otherwise specified in the Memorandum of Association, it must not be held on public holidays.

In addition to the AGM, a balance sheet and statement of profit and loss account must be filed with the Registrar of Companies. If the balance sheet is not filed, the statutory auditors will examine your bank records and make sure that your financial position is accurate.

 

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