Company Incorporation

If you want to start a company in Chennai, it could be the perfect place to launch your own business.

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What is Company Incorporation?

The legal process of founding a company or corporate body is known as incorporation. The legal entity formed as a result separates the firm’s assets and profits from its owners and investors. An incorporated company is legally recognized and can be distinguished by terms such as “Inc” or “Limited” in its name. It becomes a legal corporate entity distinct from its owners.

How it Works

The process of registering a company in Chennai Pvt Ltd is discussed.

Step 1
DSC Process

Since the registration of Private Limited companies is done entirely digital signature is necessary.

Step 2
Build SPICe (INC-32)

Complete the INC-32 application by a Chartered Accountant, a Company Secretary, or a licensed attorney.

Step 3
e-MoA(INC-33) and e-AoA (INC-34)

The certificate of incorporation and corporate identity number (CIN) are both issued by the registrar.

Frequently Asked Questions

Contrary to a one-person company, private limited company registration does not have a cap on capital or revenue.

For a private limited company to be incorporated, there must be a minimum of two directors. One Person business (OPC) private limited is a new concept that was added to the Companies Act of 2013 that allows a single person to register a private limited business. Consequently, if you want to incorporate OPC, you can do it with just one director.

Yes, registration for a private limited company is required because a firm cannot exist without registration.

Here are the prerequisites that must be met in order to form a private limited company:
  • Two directors, one of whom must be an Indian citizen and resident.
  • two stockholders, either natural or legal persons.
  • No minimum share capital is necessary to launch a business. Even 10,000 rupees can be used to register a business.
These are the prerequisites for registering a private limited company. 

The next step in forming a company is incorporation or registration. A firm comes into existence as a result of its registration. Only when a company has been duly registered under the Act and has secured a Certificate of Incorporation from the Registrar of Companies is it considered to have been properly constituted.

A company is a legal construct that is separate from its members and has the authority to conduct business under its own name. A company can borrow money, open a bank account, sue and be sued, have a common seal, and more. It can only be repealed by law because it was established by a legal act.

There are four phases to the incorporation process: 

  • preparing and organizing
  • Name and organizational form
  • Organizing and documenting
  • Regulations and legal requirements
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