Company Formation in Chennai
                     Company Formation
in Chennai
Company formation is the process of incorporating the business in a 
Companies house in a structured form. On incorporation it becomes a 
legal entity. If the business is insolvent, the shareholders are not held 
responsible. This is why it is called as company which has limited 
liability. There is financial protection, legal protection is ensured when 
you have your business in the form of company. Company formation 
in Chennai gives some advises how to constitute a company.
Requirements to form the company
• The Directors of the company should search for the name of 
the company. The name search is the first and foremost thing 
to be done. If the name is similar there arises problem of 
getting sued. Also if any other person starts a company in the 
same name of yours, then you also may sue. So name is very 
important and it should be unique. 
• Then you should add company address. 
• They should give Director’s details, secretory details, articles 
of association and supporting documents should be provided. 
• It needs minimum two members, one director and one 
shareholder to form a company. Of course all the members 
should be more than the age of 18 to form the company.
Company formation in Chennai speaks about Offshore 
Company. An offshore company is a company that is set up 
at different countries other than the native.
Company formation in Chennai insists that the copies of residential 
address and identity proofs must be provided. Then you should 
submit the order form which includes the following details. They are 
kind of shares to be issued, the company Directors, shareholders, 
company secretory, and communication address along with payment 
should be produced.
Benefits of Offshore Companies
• Company formation in Chennai states the merits of 
setting up offshore companies. The first benefit is 
the tax benefit.
• Offshore companies are helpful in acquiring all the 
opportunities. Those opportunities include buying 
real estates, making investment in foreign market 
and trading foreign markets. 
The demerits of offshore companies are the working timings will be 
different. So there will be difference in timings for the 
communications also. If there happens any problems, then there 
arise some resolution issues also. You need to hire a foreign lawyer 
in the foreign courts and this process will be costlier and time 
consuming.
STATE ENTERPRISE  &
                  PRIVATE ENTERPRISE
The state enterprise is also called as state owned 
enterprise. It is started by the government to take 
part in the commercial activities on behalf of the 
government. SOE is a global phenomenon.
They require following rules and regulations concerned with 
operations of the business types. The administration is 
bureaucratic and the development of the organisation is not 
the concern. The profit earned by these enterprises is kept in 
the state treasurer and the money is spent for the welfare of 
the public. Also the winding up procedure is dependent on 
the government only.
Company formation in Chennai discusses about the Private 
enterprise. It operates under the ownership of the individuals. So it 
means that it is free from Government. In these the individuals are 
motivated and encouraged to carry out various businesses. They are 
free to do any businesses that are legally permitted.
Now it has launched company fresh start scheme, CFSS (Company 
Fresh Start Scheme) 2020, gives one time prospectus for defaulting 
companies to file pending forms. It eliminates additional fees and 
seeks immunity from penalties. This scheme came into existence in 
the year 2020 April1 and it is about to end on September 30 the same 
year 2020.
Address : NO-3, Muthukrishnan Street, Pondy Bazar,
(Behind Naidu Hall) T.Nagar, Chennai – 600 017.
Cell phone no : +91 7810001200
Mail id : [email protected]
              [email protected]