The Benefits of Private Limited for Annual Filing in Chennai
The Benefits of Private Limited for Annual Filing in Chennai One of the most popular forms of business entities in the world is the private limited company. This type of company provides many advantages to its owners and is known to be more stable than other kinds of businesses. It is also known for its flexibility and less complicated management. It allows a small business to receive loans from financial institutions and attract investors who are able to invest in a secure and profitable company. To register a business in Chennai, it is necessary to first get registered with the Registrar of Companies (RoC). The ROC issues a Certificate of Incorporation with TAN and PAN. Once the certificate is issued, it is important to comply with the requirements of the ROC. These requirements include filing an annual return with the RoC. Failure to do so can result in large penalties. Annual filing is one of the most essential compliances of a private limited company . T...