Company Registration in Chennai

Company registration is a process of transferring new or existing business into a registered company. This registration is necessary to avail certain benefits related to loans, subsidy, tax, etc. Chennai, being one of the leading economic centres of the nation, it becomes vital to change the business existence into a registered company that has a legal identity.

Therefore, to start a company and avail benefits, get the business registered as a company in Chennai. There are several types of company registrations to choose, such as Sole Proprietorship, Private Limited Company, Public Limited Company, Partnership Firm, One Person Company, Limited Liability Partnership (LLP), Non-banking Financial Company, Section 8 Company, etc.

In this section we shall cover company registration process in Chennai:

There are five simple steps to get a company registered in Chennai.

Step 1: Registration of company directors under Ministry of Corporate Affairs (MCA) is mandatory to get Director Identification Number (DIN).

Step 2: Apply for RUN (Reserve Unique Name) which is an application form for the reserving a new name with the Registrar of Company (ROC). Depending upon the availability of suggested name, MCA shall provide the approved name.

Step 3 : Next is to fill in and submitting Form SPICE INC-32 for company registration and Obtain Digital Signature Certificate (DSC).

Step 4: Next step is the drafting of company’s MOA (Memorandum of Association) & AOA (Articles of Association). This can be applied by hiring a lawyer and submitting the application form.

Step 5: After the completion of suggested process of company registration with ROC, the Ministry of Corporate Affairs issues Certificate of Incorporation.

a) Company registration in Chennai is regulated by the Companies Act, 2013, and administered by the Ministry of Corporate Affairs (MCA). It is processed at the Central Registration Centre (CRC).

b) Company Registration process in Chennai is completely online. Post registration formalities, the Registrar of Companies (ROC) issues a Digitally Signed Certificate (DSC) of Company’s Incorporation (COI).

c) Electronic or digital certificates issued by the MCA can be verified by all stakeholders on its official website or by clicking here.

There are some defined prerequisites for company registration in Chennai, depending upon the type of company as mentioned below:

For company registration in Chennai, an actual office is also required to be registered. It is not mandatory that the office location should be a commercial area. It can be your place of residence.

Besides Registrars of Companies (ROC) appointed under Section 609 of the Companies Act, Company registration in Chennai can also be applied by various private companies or specialised legal entities dealing with company registrations.

The processing fees or service charges shall be a bit on the higher side, as compared to Government web portals but removes a lot of burden and make it a hassle-free task for the business owner or entrepreneur.