The Benefits of Private Limited for Annual Filing in Chennai
The Benefits of Private Limited for Annual Filing in Chennai A private limited company is a business entity that is separated from its owners. It can be either a partnership or a proprietorship. It is more flexible and solid than a public or other type of company. It offers more opportunities to investors and creditors. However, a private limited company must adhere to certain laws in order to operate successfully. The Registrar of Companies (ROC) is responsible for maintaining the register of private limited companies. The ROC issues a certificate of incorporation after a company meets all the requirements. The company must maintain its good books by filing mandatory ROC forms. All private limited companies must follow certain rules while filing their annual returns. Failure to file these returns can result in huge penalties. The Registrar of Companies will also disqualify directors from further appointments and remove the company from the register. ...