The Benefits of Private Limited for Annual Filing in Chennai
The Benefits of Private Limited for Annual Filing in Chennai, Tamil Nadu If you are planning to incorporate a business in Chennai, Tamil Nadu, then you must be aware of the advantages of a private limited company. These advantages include limited liability protection, a legal existence and a solid corporate governance. Private limited companies are regulated by the Ministry of Corporate Affairs. As a result, you must follow the compliances of the Companies Act of 2013. All Private Limited Companies in India are required to comply with certain provisions. These are outlined in the Company's Memorandum of Association. The document explains the relationship between the company and its shareholders, as well as its objectives. In order to get registered with the Registrar of Companies, you must apply for a Directors Identification Number (DIN). This number is similar to the PAN and is necessary for all directors. To meet the requirements of the Registr...