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Madurai, the city in Tamil Nadu is an ideal place to incorporate a business entity. The city is already flooded with franchises operating a business in sectors like vegetarian hotels, Fast-food corners, kids’ stores, e-commerce, courier, and many more.
Thus, beginning a business venture can be highly profitable and it is recommendable to be aware of the legal procedure to register a business in Madurai online with Tamil Nadu’s very own business solution platform through a few clicks.
Company Formation or Company Incorporation/Registration is the process of registering a business as per the procedures defined in the Companies Act, 2013 by the Central Government of India through the Ministry of Corporate Affairs (MCA).
Here the owner gets the freedom to decide the type of company under which a business can be registered.
To register a Private Limited Company, at least two shareholders and two directors are required. Here the DIN and Digital Signature are necessary for the applicants.
Two or more individuals can come together with the purpose to register a Limited Liability Partnership to provide goods or services with the limitation of each person’s financial risk.
To have the benefit of a sole proprietorship, an individual can register a One Person Company.
To operate in the Indian non-banking finance sector, an individual can register a Nidhi Company as per the Companies Act, 2013.
In terms of charitable or non-profit business operation, an individual can register a Section-8 company.
Each type of company has its advantages and disadvantages. A business owner can decide according to different factors like capital, numbers of shareholders and number of directors, etc. Let us look at the pre-requisite to register a company online in Madurai.
Online Legal India™ expert team of highly qualified CA/CS and 10+ years of experienced lawyers would assist you through the rest of the process of Company Registration in Madurai.
We have budgeted services for those who are willing to start up a company, business, or any other kind of organization.
Thus, to get 360°digital assistances for your business incorporation, be in touch with the recommended business solution panel of Madurai.
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