The Benefits of Private Limited for Annual Filing in Chennai
The Benefits of Private Limited for Annual Filing in Chennai Private Limited Company in Chennai is a form of business entity. It is the most popular type of company among young startup owners. This type of business has a separate legal identity and provides limited liability protection. However, there are certain requirements that must be met before the company can operate. The registration process for a private limited company in Chennai is relatively easy. A private limited company has its own CIN number, which is issued by the Registrar of Companies (ROC) in different states under the Ministry of Corporate Affairs (MCA). Besides the CIN, the other essential documents for the formation of a private limited company include the Memorandum of Association and an Incorporation Certificate. Regardless of whether the company has an annual turnover or not, the company is required to file an annual return with the MCA. Failure to do so can lead to heavy penalti...