iMaster is a leading Business registration company in Chennai. We will complete your Private/Public Limited Company registration process in Chennai with in 15 working days.
Procedure for Company Registration in Chennai
1.Document Requirements : Every Director must have PAN Card issued by the Income Tax department as an Identity proof and one address proof in his/her name(Voter ID/Passport / Driving License). Two passport size photographs of each Director are required.
2.Company Name Availability : It is advisable to conduct a Name Search for the proposed company name to make sure that there is no identical or similar LLP/Company already registered in India or for which an application for registration has been submitted. Name should not be in general.
3.Payment of Fees (Full Payment) : We provide you following payment options: 1. Cash, 2. Cheque and 3. Online Transfer(NEFT). Cheques are subject to realisation.
4.Application of DIN & Digital Signature : We will prepare and send all the required documents for signatures.
5.Name Application : After approval of all the DIN, we will draft the Main Objects of the Company after due discussion with the promoters. On the approval of the Promoters, our team will forward Company name application with the concerned Registrar of Companies.
6. Filing of Incorporation documents : We will prepare all the relevant documents along with eForms, Memorandum of Association (MOA) and Articles of Association (AOA) required for the company incorporation in chennai and will file the same with the authorities.
7. Final Process : After completion of the process, we provide you a file containing all documentation made for Company formation in chennai.
8. Long Term Relationship : We look forward to a very long term relationship with all our Clients. We provide all kinds of recurring secretarial services in chennai required by the Company in the form of Annual Return filing and various Event Based Compliances.
As you aware , Corporate Secretarial Compliance is an essential part of a corporate function failing which stringent penalties are imposed under the provisions of Companies Act and LLP Act.Within the company, secretarial compliances in chennai imply the adherence of the process and procedures designed under the Companies Act and Rules while carrying out a particular change. For eg. Appointment / Resignation of Directors, Increase of Authorised Capital and Issue of further shares etc. The Management of the company vests with the Board of Directors.
The Board of Directors has power to manage the day to day affairs of the company subject to the provisions of Companies Act. The decisions at the meeting of directors are carried by way of resolutions. There is certain decision that requires the approval of Shareholders Meeting by way of a resolution. Considering the requirements of majority for passing, resolutions can be classified in to Ordinary resolution and Special resolution.
The Board has to meet least once in every three months and at least 4 meetings shall be held in every year. Every year, the company has to convene an Annual General Meeting (AGM) of the shareholders for adopting the Annual Accounts and appointment of Auditors for the following year. Any meetings of shareholders other than the Annual General Meeting are called Extra Ordinary General Meetings (EGM). It is required to keep the minutes of Board Meeting and General Meetings of the company recorded and signed by the Chairman of the meetings.
Every company having a paid up capital of Rs.5 Crore or more shall appoint a whole time Company Secretary and every company having a paid-up share capital of Rs.10 Lakhs to Rs.5 Crore shall obtain the Secretarial Compliance Certificate from a Company Secretary in whole-time practice and have to file the same with the Registrar of Companies. Compliance mechanism under Companies Act and LLP Act mandates to file Returns / Forms to Ministry of Corporate Affairs (MCA) to ensure the regulatory compliances.
Compliance related filing of returns / documents with the office of Registrar of Companies can be broadly classified in two categories:
- Annual Statutory Compliances
- Event Based Compliances
Annual Statutory Compliances
Filing of Annual Accounts.
Every company has to prepare financial accounts consisting of Balance Sheet and Profit and Loss account on a yearly basis and the same has to be placed before the Annual General Meeting of the company. Copy of the Annual Accounts has to be filed with the Registrar of Companies duly audited by a Chartered Accountant.
Filing of Annual Return.
Every year a company shall file a return with the Registrar of Companies with in 60 days of AGM containing the particulars such as address of registered office, register of its members, register of its debenture holders, shares and debentures, indebtedness, members and debenture holders, past and present, and directors, managing directors, past and present.
Event Based Compliances
The following are few instances that require a filing of a return with the Registrar of Companies.
- Change of Name
- Increase Authorised Capital / Issue of Shares
- Creation / Modification / Satisfaction of Charges on the Assets of Company
- Change in Registered Office of the company
- Obtaining Certificate of Commencement of Business
- Statutory Meeting of a Public Limited Company
- Resolutions Passed by the Board / General Meetings and Agreements entered by the company
- Appointment of Directors / Managing Director and changes among them.
If you have any further questions regarding the above, please Click Here