Company Formation in Chennai | Pvt Ltd Company | Public | LLP | OPC (1)

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Company Formation

• in Chennai

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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.
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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 Directors 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.

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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.
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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.
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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.

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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.
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STATE Enterprise Private
Enterprise
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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.
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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.
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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.
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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.
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Address NO-3, Muthukrishnan Street, Pondy
Bazar,(Behind Naidu Hall) T.Nagar, Chennai 600
017.Cell phone no 91 7810001200Mail id
info_at_solubilis.in
prakash_at_solubilis.co.in