PVT Limited company registration in Tamil Nadu

Private Limited Company Registration in India, Tamil Nadu is a process that involves obtaining a unique name for the company, filing the necessary documents with the Ministry of Corporate Affairs (MCA), and paying the required fees. The process can be completed online or through a professional service provider. Once the company is registered, it is considered a separate legal entity from its owners and has limited liability. This means that the owners' personal assets are protected from the company's debts and liabilities.

If you are looking to register a PVT ltd company online in Tamil Nadu you should know about the benefits, documents, eligibility, basic requirements, types of business entities, business compliance, business registration services, faqs and why Vakilsearch is the best choice to form a company incorporation in Tamil Nadu

Private Limited Company Registration in Tamil Nadu- Overview

PVT limited Company Registration in Tamil Nadu involves navigating all the Ministry of Corporate Affairs' guidelines. The vibrant state economy is known for its diverse industries including automotive, IT, and textiles, beckons entrepreneurs to establish businesses. The process involves securing director identification numbers, filing incorporation forms and complying with tax obligations. The process aligns with the state's robust economic potential. The corporate income tax, GST dynamics, professional tax structures, and other levies play crucial roles in Business registration in Tamilnadu.

Startup registration in Tamil Nadu is streamlined and simplified at Vakilsearch. Our proficient team aids in obtaining the company name approval through the MCA, preparing and authenticating the incorporation documents, which are subsequently submitted to the ROC for approval. Our team extends comprehensive assistance for startup registration in Tamil Nadu, ensuring entrepreneurs receive complete access to documentation and unwavering support from our team.

Did You Know?
The number of companies registered in Tamilnadu has increased by 11% in the year 2013-14 and the total authorised capital of these companies was ₹6,356 crore. The estimated Gross State Domestic Product (GSDP) of Tamil Nadu at current prices is expected to reach ₹28.3 lakh crore in the fiscal year 2023-24. This marks a significant growth of 14% compared to the previous fiscal year of 2022-23, where the GSDP stood at ₹24.8 lakh crore.

Benefits of PVT Limited Company Registration in Tamilnadu

Specialised Initiative From Government

Government of Tamil Nadu introduced the New Entrepreneur-Cum-Enterprise Development Scheme (NEEDS). It provides entrepreneurial training, aiding in crafting business plans, facilitating connections with financial institutions to establish new businesses, and linking participants with key industrial clients.

Easy to Raise Capitals

Participants will receive support in obtaining term loans from Banks/TamilNadu Industrial Investment Corporation (TIIC) with a capital subsidy of up to 25% of the project cost, capped at ₹75 lakhs. Soft loans with a 3% interest subvention will also be made available. The Entrepreneurship Development Institute and TIIC are set to play pivotal roles in implementing and facilitating this scheme.

Tax Benefits

The Tamil Nadu government unveiled a fresh initiative called the Samadhan scheme. This program aims to facilitate the resolution of outstanding tax liabilities amounting to approximately ₹25,000 crore. Most of these dues originate from previous tax regimes like the Tamil Nadu Value Added Tax and other outdated tax laws. The scheme offers waivers and concessions to encourage taxpayers to settle their pending dues.

Increased Credibility and Reputation

PVT Limited Company Registration in Tamil Nadu increases a business's credibility and reputation. Customers and partners are more likely to trust and do business with registered companies, as they are seen as more legitimate and professional

Easy Transfer of Ownership

Registered Private limited companies in Tamil Nadu have an easier time transferring ownership of the business. This is because the ownership structure of a registered company is clearly defined and documented, making it easier to transfer shares to new owners.

Documents Required to Register a Private Limited Company Online in Tamilnadu

For PVT limited company registration in Tamilnadu, the following documentation is required:

• PAN card copies of all intended directors and shareholders
• Identification proof (such as Aadhaar card, Voter ID, Passport, or Driving License) for all intended directors and shareholders
• Address proof (like bank statements, telephone bills, mobile bills, or electricity bills) for all intended directors and shareholders
• Recent passport-size photographs
• A rental agreement under the business name for the business address
• The latest electricity bill showcasing the business address
• A no objection certificate obtained from the owner of the business premises.

Basic Requirements to Register a Private Limited Company in Tamilnadu

• Directors and membership requirements
• Company name selection
• Registered office address
• Obtaining additional documents
• Digital signature certificate (DSC)
• Director identification number (DIN)
• Name approval
• Memorandum of association (Moa) And articles of association (Aoa)
• Address proof and identity proof
• Registered office proof.

Types of Business Entities for Company Registration in Tamil Nadu

• Sole Proprietorship
• Partnership Firm
• One Person Company (OPC)
• Private Limited Company (Pvt Ltd)
• Limited Liability Partnership (LLP)
• Public Limited Company (Ltd)

Step-by-Step Guide to Register a PVT Limited Company in Tamilnadu

Vakilsearch offers a simple en route to register a PVT LTD Company in Tamilnadu. We get it done in just 4 easy steps

Step 1: Collecting Initial Documents

Our team will gather all the necessary documents and get them verified for the incorporation process.

Step 2: DSC and Name Approval

Our team will file for name approval with the MCA and apply for a Digital Signature Certificate (DSC) on your behalf.

Step 3: Drafting MOA and AOA and Filling with ROC

Our team will draft your company's Memorandum of Association (MOA) and Articles of Association (AOA) and upload the completed forms and papers for the last stage of business creation.

Step 4: Procure Company Incorporation Certificate

Our team will initiate the registration process with the government authorities. They will further review the documents and will approve the company registration. Post approval you will be provided a company registration certificate directly.

Note : All the documents should be submitted within a time frame and accurate as per the government guidelines to avoid delay. The certificate of incorporation will be delivered directly by the MCA and Vakilsearch will initiate and guide and the process

Our Online Company Registration Services in Tamilnadu

Vakilsearch presents a comprehensive avenue for online company formation in Tamil Nadu, streamlining the process for registering your firm. Our proficient team simplifies the entire company incorporation journey into four easy-to-follow steps. The Vakilsearch company registration package encompasses:

• Acquiring DIN and DSC for two Directors
• Crafting the Memorandum of Association (MoA) and Articles of Association (AoA)
• Covering registration fees and stamp duty expenses
• Securing the company incorporation certificate
• Facilitating Company PAN and TAN acquisition
• Offering a zero balance current account in collaboration with DBS bank