Private Limited Company Registration in Chennai

Private limited company registration in Chennai is done finely at an affordable cost. We Earnlogic serves as a pioneer in performing the registration services and our reputed firm has now extended its wings in various places of Chennai like Sreeperumpudur, Guduvanjeri, Siruseri, Manali, Tambaram, Chengalpattu and Vichoor. It offers limited liability and gives protection legally to the shareholders. This can be registered with minimum of two people. In private limited company, one person can act as both director and the shareholder. The liability is limited to the number of shares and the private companies cannot invite the public for subscription of the shares. Also the private companies have the right to issue the debentures to any number of persons.

Private limited company registration in Chennai with Earnlogic is the best choice for doing the registration services in the market. The private company can easily borrow the money but has restriction to transfer the shares. According to the pre-emption clause, the transfer of shares happens only to the existing members in the company. If the members are not ready to accept the shares, then it can be given to the outside people unless and until it has been mentioned in the articles. The director of the company determines the price of such share. Even such determination is presented by a formula in the article. In Private companies, the ownership is defined by the share capital. Also there is clear differentiation between the ownership and the management. Private limited company registration in Chennai is always important, since many of the banking and financial institutions have an eye on the private limited companies. Pvt ltd company structure is always preferable for the entrepreneurs.