Company Formation in Chennai: Setting up your business in Chennai involves choosing the right business structure, such as sole proprietorship, partnership, LLP, or Pvt Ltd company. It includes steps like registration, obtaining necessary licenses, opening a bank account, and adhering to local and central regulations.
Company Structure Selection: KBR & Co has evolved into a second-generation practice, so consider incorporating as a private limited company to accommodate growth while maintaining limited liability and easier management.
Company Name Approval: Ensure the proposed company name reflects professionalism and aligns with your brand. Use the MCA portal to check name availability and compliance with Chennai’s naming guidelines.
Director Identification Number (DIN): KBR & Co’s young and dynamic team requires DINs for all proposed directors, which can be applied for using the MCA’s online portal.
Digital Signature Certificate (DSC): Obtain DSCs for all directors to enable smooth online filing of incorporation documents. These are issued by government-approved agencies in Chennai.
Memorandum and Articles of Association: KBR & Co aligns with emerging technologies and business trends. Draft the MOA and AOA to define the company’s mission, values, and objectives clearly.
Filing Incorporation Documents: KBR & Co’s commitment to professional values requires accurate and timely filing of all incorporation documents, which will be submitted to the Registrar of Companies (RoC) in Chennai via the MCA portal.
Payment of Fees: Ensure prompt payment of necessary fees as per Chennai’s RoC, taking into consideration any adjustments based on authorized capital.
Certificate of Incorporation: After submission and compliance verification, KBR & Co will receive the Certificate of Incorporation, marking the official establishment in Chennai.
PAN and TAN Application: For seamless tax filings and compliance, apply for the company’s PAN and TAN through the Chennai-based Tax Department.
Bank Account Opening: Once registered, open a company bank account in Chennai under KBR & Co’s name to deposit initial capital.
GST Registration: If KBR & Co’s services expand beyond niche areas, ensure GST registration in Chennai if turnover exceeds the prescribed limit.