#pvt ltd company registration in chennai

[nettyfish]

GST Registration and File GST Return online - Chennai, Tamilnadu

Goodwill India Enterprises provide a Customized Solution to contribute business management services in Chennai, Tamilnadu. 

[aanoor-global]

One-Person Company Registration: Power to Solo Entrepreneurs

OPC in India opens huge avenues for individual entrepreneurs to hold a private limited company (PVT. LTD.,) where a person will have titles of owner, director, and shareholder all in his name. This efficient business structure melds the benefits of corporate distinctiveness together with the simplicity of sole proprietorship.

Now, the major advantages of OPC registration are:

●Easy formation with minimum documentation

●The limited liability protection for the owner.

●Related tax benefits

●Operational flexibility

The entire work of registration encompasses name approvals, getting DSC and DIN, incorporation certificate, and other important documents like Memorandum and Articles of Association. Other procedures include getting e-PAN, TAN, GST, and opening a bank account.

Though OPCs come with many advantages, they are only available to Indian citizens and a few NRIs. A foreign individual is not allowed to set up an OPC, and the minimum authorized capital mandated in an OPC is INR 1 lakh. OPC registration thus offers a wonderful platform for any venture in India’s emerging economy where aspiring entrepreneurs are looking for a formal business structure with personal control.

Aanoor Global: Your Partners in Trust for OPC Company Registration

Aanoor Global provides expert assistance to any entrepreneur who wishes to go through the OPC registration process without a single glitch. With a deep understanding of Indian corporate laws and their registration procedures, we can help entrepreneurs through each step of OPC formation while bringing compliance and efficiency on board. From name reservation to final incorporation, Aanoor Global will make the journey of establishing your one-person company very smooth.

Ready to start your business journey in Chennai? 🚀 Get done your company registration today and take the first step toward success!

Our team of experts will handle end to end support for paperwork, ensuring a smooth and hassle-free process.

For More details Call/WhatsApp +91–7401565656

[wishtreeconsultant]

Is Your TDS Refund Still Pending?

By Wishtree Consultants Pvt Ltd

Name: Wishtree Consultants Pvt Ltd

Why Is Your TDS Refund Still Pending?

Claiming a TDS (Tax Deducted at Source) refund should be straightforward, but sometimes delays happen. Here are some common reasons why your TDS refund might still be pending:

1. Incomplete or Incorrect Information: Ensure all the details in your income tax return, such as PAN, bank account number, and TDS amount, are accurate and complete.

2. Non-Verification of Return: After filing your return, it’s essential to verify it. Unverified returns are not processed for refunds. You can verify it through Aadhaar OTP, EVC (Electronic Verification Code), or by sending a signed ITR-V to CPC Bangalore.

3. Mismatched TDS Details: The TDS details in your return must match those in Form 26AS. Any discrepancy can lead to delays. Regularly check Form 26AS to ensure all TDS credits are reflected correctly.

4. Processing Delays at CPC: The Centralized Processing Center (CPC) may experience delays during peak filing seasons. Patience is key, and you can track your refund status online through the Income Tax e-filing portal.

5. Outstanding Tax Demand: Any previous tax dues or demands can cause your refund to be adjusted against them. Check for any outstanding demands and resolve them promptly.

How Wishtree Consultants Can Help

Navigating the complexities of TDS refunds can be daunting. At Wishtree Consultants, we offer expert guidance and support to ensure a smooth and hassle-free refund process. Our team is committed to providing personalized solutions to help you resolve any issues and expedite your TDS refund.

Connect With Us

For more information or assistance, feel free to reach out to us through any of the following channels:

- Instagram: https://www.instagram.com/wishtreeconsultants

- Website: https://wishtreeconsultancy.com

- Address: Anna Nagar, Chennai

- Phone: 81244 22221

- Map Link: https://maps.app.goo.gl/brEMyKRjbQeSSBJ2A

- LinkedIn: https://www.linkedin.com/company/wish-tree-consultants-private-limited

About Us

At Wishtree Consultants, we are seasoned professionals dedicated to elevating your business to the next level. We are your one-stop solution for all your tax, audit, finance, and statutory compliance needs. Our comprehensive services include:

- Income Tax filing

- GST registration & filing

- TDS filing

- Company incorporation

- Digital signature

- All other Audit services

Our Services

Our expert team offers a wide range of services designed to meet your financial and business needs:

- Income Tax Return Filing

- Financial Planning

- Tax Advisory

- Business Consultancy

- GST Filing

- Corporate Tax Services

[expertblogsblog]

Expertpoint, the leading private limited company registration in chennai

Private Limited Company registration is a pivotal step in establishing a business entity, ensuring legal compliance and credibility in the market. In Chennai, India, ExpertPoint offers comprehensive best Private Limited Company registration services, tailored to meet the diverse needs of entrepreneurs and businesses. As a leading provider of incorporation services in India, ExpertPoint specializes in facilitating the seamless registration of Private Limited Companies, guiding clients through every stage of the process.

Private Limited Company registration in Chennai, with ExpertPoint, ensures adherence to all legal formalities and regulatory requirements. Our team of experienced consultants assists clients in preparing and filing the necessary documentation, streamlining the entire registration procedure. From obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) to drafting Memorandum and Articles of Association (MOA & AOA), we ensure meticulous attention to detail to facilitate smooth incorporation.

Our pvt ltd company registration services extend beyond Chennai, covering the entirety of India. Regardless of your location, ExpertPoint provides reliable and efficient registration services, ensuring that your business venture receives the necessary legal recognition and protection. With our vast expertise and in-depth knowledge of company registration laws and procedures, we simplify the complexities associated with establishing a Private Limited Company, allowing entrepreneurs to focus on their core business activities.

ExpertPoint's commitment to client satisfaction is reflected in our personalised approach to business registration services. We understand that every business is unique, and thus, our consultants offer tailored solutions to meet specific requirements. Whether you're a startup or an established enterprise, our comprehensive services cater to businesses of all sizes and sectors.

Incorporating a private limited company incorporation services offers numerous advantages, including limited liability protection, separate legal entity status, and easier access to funding and investments. With ExpertPoint's registration services, entrepreneurs can harness these benefits to drive business growth and expansion. Our consultants provide invaluable guidance on structuring the company, choosing the appropriate business name, and fulfilling statutory compliance obligations, ensuring long-term success and sustainability.

Moreover, ExpertPoint's expertise extends beyond registration to post-incorporation support and compliance management. We assist clients in obtaining necessary licences and permits, managing annual filings, and navigating regulatory changes, thereby ensuring ongoing compliance with applicable laws and regulations.

In conclusion, ExpertPoint is your trusted partner for Private Limited Company registration services in India. With our commitment to excellence, integrity, and professionalism, we empower entrepreneurs to realise their business aspirations and thrive in today's competitive market landscape. Whether you're embarking on a new venture or expanding your existing business, rely on ExpertPoint for comprehensive and reliable registration solutions tailored to your needs.

[synmacconsultants]

Company Registration In Chennai

Online Company Registration in India — An Overview

One of the most highly recommended methods for starting a business in India is to establish a private limited company, which provides its shareholders with limited liability while imposing certain ownership restrictions. When it is LLP, the partners will manage it. On the other hand, a private limited company allows for directors and shareholders to be separate entities.

As your dependable legal advisor, synmac offers a cost-efficient service for registering your company in India. We handle all legal procedures and ensure compliance with the regulations set forth by the Ministry of Corporate Affairs (MCA). Upon successful completion of the pvt company registration process, we provide you with an Incorporation certificate (CoI), as well as PAN and TAN documents. With these in hand, you can easily establish a current bank account and commence your business operations.

Online Company Registration in India — An Overview

One of the most highly recommended methods for starting a business in India is to establish a private limited company, which provides its shareholders with limited liability while imposing certain ownership restrictions. When it is LLP, the partners will manage it. On the other hand, a private limited company allows for directors and shareholders to be separate entities.

As your dependable legal advisor, synmac offers a cost-efficient service for registering your company in India. We handle all legal procedures and ensure compliance with the regulations set forth by the Ministry of Corporate Affairs (MCA). Upon successful completion of the pvt company registration process, we provide you with an Incorporation certificate (CoI), as well as PAN and TAN documents. With these in hand, you can easily establish a current bank account and commence your business operations.

Benefits of Pvt Ltd Company Registration

There are numerous advantages to registering a company. By doing so, you enhance the credibility of your business, which can lead to increased consumer trust. Additionally, company registration can provide various benefits that can help your business to grow and succeed.

Shield from personal liability and protects from other risks and losses

Attract more customers

Procure bank credits and good investment from reliable investors with ease

Offers liability protection to protect your company’s assets

Greater capital contribution and greater stability

Increases the potential to grow big and expand

Checklist for Private Limited Company Registration in India

As defined by the Companies Act, 2013 one must guarantee to meet the checklist requirements without fail for Private Limited Company Registration in India.

Two Directors:

A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.

Unique Name

The name of your pvt ltd company must be unique. The suggested name should not match with any existing companies or trademarks in India.

Minimum Capital Contribution:

There is no minimum capital amount for a Pvt ltd company. A Pvt limited company should have an authorised capital of at least ₹1 lakh.

Registered Office:

The registered office of a pvt ltd company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.

Steps For Company Registration in India

Startups in India can gain an edge over non-registered competitors by registering their company. While the process of registration is getting complicated and involves numerous compliance requirements, need not worry as Synmac is here to assist you every step of the way. Our team of professionals can provide comprehensive support for pvt company registration.

Step 1: RUN Name Approval

The first step of company registration involves the registration of your desired name. To reserve a name for your company, you must first submit a request for name approval to the Ministry of Corporate Affairs (MCA). You may include one or two potential names, along with a description of your business objectives, in your application for name approval. If your first choice is not approved, you may submit one or two additional names for consideration. Typically, the MCA approves name requests within five business days. Our team of experts can help you choose the ideal name for your company and guide you through the government registration process.

Step 2: Directors’ Digital Signature Certificate (DSC)

The MCA in India does not recognize traditional signatures. Instead, all filings with the MCA must include a digital signature certified by an Indian certification authority. Thus, it is mandatory for directors to have digital signatures prior to the company’s incorporation.

Synmac will obtain a digital signature certificate (DSC) for the directors through a recognized certification entity. To obtain a digital signature, directors must provide a copy of their identification documents and successfully complete a video KYC process. If a director is a foreign national, the nearest embassy should apostille their passport and other documents for company registration.

Step 3: Submitting the Company Incorporation Application

After obtaining the necessary digital signatures, submit the incorporation application in SPICe form along with all relevant attachments to the MCA. The application for incorporation includes the company’s Memorandum of Association (MOA) and Articles of Association (AOA). If the MCA deems the incorporation application to be complete and acceptable, the company can get the Incorporation certificate and PAN. Typically, the MCA approves all incorporation applications within five business days.

Private Limited Company Registration Compliances

After the process of company registration in India, it is necessary to adhere to various compliance regulations in order to avoid potential fines and legal repercussions. Some of the key post-registration requirements include:

Auditor Appointment: Within 30 days of incorporation, every Indian company must appoint a practicing's, certified, and registered Chartered Accountant(CA).

Director DIN KYC: Every year, individuals who possess a Director Identification Number (DIN) should undergo a DIN KYC process. During the company incorporation process, the company can get the DIN. This helps to verify the phone number and email address on file with the MCA.

Commencement of Business: The shareholders of the company must deposit the subscription amount specified in the MOA within 180 days of incorporation, and the company must create a bank current account. Therefore, to receive a business incorporation certificate, the shareholders of a company established with a paid-up capital of ₹1 lakh must deposit ₹1 lakh into the company’s bank account. They should also file a copy of the bank statement with the MCA.

MCA Annual Filings: Every financial year, the MCA must get a copy of the financial statements from each company registered in India. A corporation that incorporates between January and March may elect to include the first MCA annual return in the annual filing for the following fiscal year. Forms MGT-7 and AOC-4 are the components of the MCA yearly return. The Directors and a working professional must digitally sign both of these documents.

Income Tax Filing: Every financial year, businesses should file an income tax return using form ITR-6. The business should file the income tax before the deadline for each financial year, irrespective of the date of incorporation. The company’s income tax return must be digitally signed using the director’s digital signature.

Requirements to Start a Private Limited Company

Before incorporating a firm, it must meet a specific set of conditions. The following are such conditions:

1. Directors and Members

As mentioned earlier, at least two directors and no more than 200 members are necessary for legal Private Limited Company Registration in India. This is a mandatory requirement as per the Companies Act of 2013. The Directors should honor the following conditions:

Each directors should carry a DIN issued by the MCA

One of the directors must be an Indian resident, which means they must have spent at least 182 days there in the previous calendar year.

2. The Business’s Name

When selecting a name for a private limited company, there are two factors must be into consideration:

Name of the principal activity

PRIVATE COMPANY REGISTRATION

PRIVATE COMPANY REGISTRATION What is PRIVATE COMPANY REGISTRATION? Private Limited Company is the most prevalent and popular type of corporate legal entity in India. The Ministry of Corporate Affairs governs private limited company registration in India. Companies are incorporated and regulated under the Companies Act, 2013 and the Companies Incorporation Rules, 2014. Minimum Requirements For Company Registration Minimum 2 Shareholders: The shareholders of a private limited company can be a corporate entity or a natural person. Two Directors: A private limited company must have at least two directors and at most, there can be 15. Of the directors in the business, at least one must be a resident of India. Unique Name: The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India. Minimum Capital Contribution: There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh. Registered Office: The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord. Advantages of registering a private limited company Equity Raise: A company can raise equity capital from persons or entities interested in becoming a shareholder. Hence, a private limited company is a must for Entrepreneurs looking to raise money from angel investors, venture capital firms, private equity firms and hedge funds. Limited Liability Protection: A private limited company provides limited liability protection to its shareholders. In case of any unforeseen liabilities are created, it would be limited to the company and would not impact the shareholders. Separate Legal Entity: A private limited company is legally recognised as a separate entity. Hence, a company can have its PAN, bank accounts, licenses, approvals, contracts, assets and liabilities in its unique name. Perpetual Existence: A company has perpetual existence and never ends without reason. For a company to lose its existence, it has to be wound-up by the Promoters or be wound-up by the Government. Hence, a company can only be wound up for reasons like non-compliance or failure to comply with rules and regulations. Easy Transferability: As the ownership of a company is represented by shares - the ownership of a company can be transferred to any other legal entity or person in India or abroad easily - in part or whole. Further, since the shareholders control the Board of Directors, the Directors can also be replaced easily by shareholders to ensure business continuity easily at all times. Private Limited Company Registration Process: 1. Application of DSC & DPIN: First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. Director Identification Number (DIN) is a unique number ass

3.Address of the registered office

Upon completion of the registration process, the company should give the permanent address of the business’s registered office to the company registrar. The registered office is the primary location where business takes place and stores all documentation pertaining to the company.

4. Getting Additional Documents

To verify the authenticity of electronically submitted documents, every business must obtain a DSC. Furthermore, the business needs credentials from such professionals as secretaries, chartered accountants, and cost accountants that engage them for various operations.

[dharanik169]

Get Private Limited Company Registration in Chennai, Best  Pvt Ltd Company Registration Services at very low cost, No-Hidden charges, 24*7 customer support, Call Now!

[solubiliss]

How to invest in pvt ltd company in Chennai

Investing in a private limited company in Chennai, India, involves a series of steps and considerations to ensure a smooth and legally compliant process. Private limited companies are popular investment choices due to their limited liability and structured corporate governance. In this blog, we will explain how to invest in a private limited company in Chennai, covering key aspects such as due diligence, investment types, regulatory compliance, and the investment process.

Understand the Investment Objective:

Before investing in a private limited company that has private limited company registration in Chennai, it's essential to define your investment objectives. Are you looking for short-term gains, long-term growth, or strategic involvement in the company's operations? Clarifying your goals will help you make informed investment decisions.

Identify Investment Opportunities:

To invest in a private limited company in Chennai, you need to identify potential investment opportunities. This can be done through various channels:

Networking: Attend industry events, seminars, and business forums to connect with entrepreneurs and potential investment targets.

Professional Advisors: Consult financial advisors, investment bankers, and legal experts who specialize in facilitating investments in private companies.

Online Platforms: Explore online platforms and marketplaces that connect investors with businesses seeking investment.

Due Diligence:

Conduct thorough due diligence on the company you intend to invest in. Due diligence involves:

a. Financial Analysis: Review the company's financial statements, including balance sheets, income statements, and cash flow statements. Assess the company's revenue growth, profitability, and financial health.

b. Legal and Regulatory Compliance: Ensure the company with private limited company registration in Chennai complies with all applicable laws and regulations. Verify the company's corporate governance structure, licenses, permits, and any pending legal disputes.

c. Market Research: Understand the company's industry, market trends, competitive landscape, and growth potential. Evaluate the company's competitive positioning and market share.

d. Management Team: Assess the competence and experience of the management team. A capable and experienced management team is crucial for the company's success.

e. Business Plan: Review the company's business plan, growth strategies, and revenue projections. Ensure that the plan is realistic and aligned with your investment goals.

f. Valuation: Determine the company's valuation to assess whether the investment is reasonably priced. Consider factors like the company's earnings, assets, and growth prospects.

Investment Types:

There are different ways to invest in a private limited company, and your choice depends on your investment objectives and the company's needs. Common investment types include:

a. Equity Investment: You can invest in the company by purchasing shares or equity stakes. Equity investors become shareholders and have ownership rights in the company.

b. Debt Investment: Another option is to provide debt financing to the company with private limited company registration in Chennai, in the form of loans or debentures. Debt investors receive periodic interest payments and the return of their principal amount at maturity.

c. Convertible Securities: Convertible securities, such as convertible debt or convertible preferred shares, offer the option to convert the investment into equity at a later stage.

d. Joint Ventures: In some cases, investors may enter into joint ventures with the company, where they collaborate on a specific project or business initiative.

e. Strategic Investments: Investors may opt for strategic investments where they bring industry-specific expertise, networks, or resources to enhance the company's growth.

Legal and Regulatory Compliance:

Investments in private limited companies in India are subject to various legal and regulatory requirements. Here are key compliance considerations:

a. Foreign Direct Investment (FDI): If you are a foreign investor, determine whether your investment falls within the automatic route or requires government approval. Comply with FDI regulations and reporting requirements.

b. Shareholder Agreement: Draft a comprehensive shareholder agreement or investment agreement that outlines the terms and conditions of your investment, including rights, responsibilities, exit options, and dispute resolution mechanisms.

c. Stamp Duty: Pay applicable stamp duty on the investment agreement and share certificates. Stamp duty rates vary across states and depend on the transaction value.

d. SEBI Regulations: If the company with private limited company registration in Chennai is planning to raise capital through the issuance of securities, ensure compliance with regulations set by the Securities and Exchange Board of India (SEBI).

e. Reserve Bank of India (RBI) Regulations: Comply with RBI regulations related to foreign exchange, repatriation of funds, and other financial transactions.

f. Taxation: Understand the tax implications of your investment, including income tax, capital gains tax, and withholding tax. Consult with a tax advisor to optimize your tax position.

Investment Process:

Once you've completed due diligence and addressed regulatory requirements, follow these steps to invest in a private limited company in Chennai:

a. Negotiate Terms: Engage in negotiations with the company's management and stakeholders to finalize the investment terms and valuation. This may involve discussions on the equity stake, investment amount, board representation, and exit options.

b. Investment Agreement: Draft and sign the investment agreement, which should outline the agreed-upon terms and conditions. Ensure that the agreement is legally sound and protects your interests.

c. Fund Transfer: Transfer the agreed-upon funds to the company's designated bank account. Ensure that proper documentation and receipts are maintained for the transaction.

d. Share Issuance: If you are investing in equity, the company with private limited company registration in Chennai will issue shares or equity stakes to you. Ensure that the share issuance is recorded in the company's books and that you receive share certificates.

e. Compliance Filing: Comply with statutory filing requirements, such as filing of Form PAS-3 with the Registrar of Companies (RoC) for allotment of shares, within prescribed timelines.

f. Post-Investment Monitoring: After the investment, actively monitor the company's performance, financials, and compliance with the terms of the investment agreement.

Exit Strategy:

Consider your exit strategy from the investment. Common exit options include:

a. Divestment: Sell your equity or debt holdings to other investors or the company itself.

b. Initial Public Offering (IPO): If the company goes public, you may have the opportunity to exit by selling your shares on the stock exchange.

c. Buyback: The company may offer to buy back your shares or repay the debt at a predetermined price.

d. Strategic Sale: In some cases, a strategic buyer may acquire the company with private limited company registration in Chennai, providing an exit opportunity for investors.

e. Secondary Sale: You can explore the secondary market to find buyers interested in acquiring your investment.

f. Liquidation: In the event of the company's liquidation, you may receive a share of the remaining assets in proportion to your investment.

Continuous Engagement:

Even after the investment, it's essential to maintain an ongoing relationship with the company's management and stay informed about its operations and financial performance. Engage in strategic discussions and provide support as needed to help the company achieve its growth objectives.

Seek Professional Advice:

Investing in a private limited company involves complex legal, financial, and regulatory aspects. It's advisable to seek professional advice from legal advisors, financial consultants, and tax experts to navigate the process effectively and ensure compliance with all applicable laws and regulations.

Conclusion

In conclusion, investing in a private limited company in Chennai, India, requires careful consideration, due diligence, and compliance with legal and regulatory requirements.

Whether you choose to invest in equity, debt, or other securities, it's crucial to negotiate favorable terms, document the investment agreement, and monitor the company's performance throughout your investment tenure. Consulting with professionals who specialize in investment and legal matters is key to making informed and successful investment decisions.

[collegelives]

Illegal incorporation of 1500+ companies - Police raid on Kanakkupillai.com, virtual audit platform of Govche India Pvt. Ltd.

A search and seizure operation conducted by the Registrar of Companies (ROC) on Friday, in the registered office of Kanakkupillai.com, a popular audit and legal firm in Chennai, has resulted in the busting of a racket involved in forgery and creation of fake documents for incorporating over 1500 companies all over India, including the infamous Aarudhra Gold and their group of companies.

The search and seizure operations were conducted simultaneously at the registered office of Kanakkupillai.com and the residence of the chartered accountant, Smt. K. Kiruthiga, who is found to have signed and certified the fake incorporation forms used for registration of over 1500 companies via the web portal Kanakkupillai.com.

Audit firm’s CA helped registering fake companies

Kanakkupillai.com, in connivance with CA Kiruthiga, created fake address proofs and fabricated bank statements for getting the companies incorporated with the ROC. The same professional was also appointed as the statutory auditor for Aarudhra Gold and its group companies, which were recently in the news for defrauding the public an amount of over 2100 crore rupees.

During the raids, the ROC seized physical documents and various electronic gadgets, computers, etc. which were used for the creation of fabricated and forged documents. About 50 employees associated with the portal Kanakkupillai.com are also under the lens of the authorities.

Office of ROC being vigilant on audit firms

It is learned that the office of the ROC is stepping up its watch on the chartered accountants and audit firms filing such fake documents with MCA, and stringent action against these kinds of malpractices shall follow in the light of increasing economic offenses in the state. Fake companies incorporated are being rampantly abused by the promoters and directors for money laundering and other serious financial crimes after luring the public to invest/deposit in these fraud entities. The public is also advised to be cautious while investing their money in various schemes that promise unrealistic returns.

[astrosblogs]

Illegal incorporation of 1500+ companies - Police raid on Kanakkupillai.com, virtual audit platform of Govche India Pvt. Ltd.

The Registrar of Companies, Chennai, on Friday conducted raids on Chennai headquartered Kanakkupillai.com, an online platform of Govche India Private Ltd., a virtual accounting firm.

It is alleged the firm was involved in forging and creating fake documents for incorporation of around 1,500 companies across India, including the recently defaulted illegal deposit fraudulent company Aarudhra Gold and their group of companies.

Registrar of Companies and team of ICLS Officers (Indian Corporate Law Service) from the Ministry of Corporate Affairs started the search and seizure operations from 4 p.m. at the registered office of the audit firm Govche India at West Karikalan Street, Adambakkam, and at the residence of K. Kiruthiga, a Chartered Accountant at Velachery, who has signed and certified the fake documents in the incorporation forms for registration of around 1,500 companies and is working on behalf of Kanakkupillai.com. Of the 1,500 companies it is learnt that 700 are in Chennai. The searches continued until late night on Friday.

Kanakkupillai.com is managed by a group of business analysts, company secretaries, chartered accountants, corporate lawyers and financial professionals. The Registrar of Companies is empowered to conduct search and seizure operations under Section 209 of Companies Act 2013.

[rocknews]

Rs 2,400 crore trading scam connected with auditing firm Govche India Pvt Ltd Chennai

Registrar of Companies and team of ICLS Officers conducted search and seizure operations from 4 p.m. at the registered office of Govche India at West Karikalan Street, Adambakkam, and at the residence of K. Kiruthiga, a CA, at Velachery.

The Registrar of Companies, Chennai, on Friday conducted raids on Chennai headquartered Kanakkupillai.com, an online platform of Govche India Private Ltd., a virtual accounting firm.

It is alleged the firm was involved in forging and creating fake documents for incorporation of around 1,500 companies across India, including the recently defaulted illegal deposit fraudulent company Aarudhra Gold and their group of companies.

Registrar of Companies and team of ICLS Officers (Indian Corporate Law Service) from the Ministry of Corporate Affairs started the search and seizure operations from 4 p.m. at the registered office of the audit firm Govche India at West Karikalan Street, Adambakkam, and at the residence of K. Kiruthiga, a Chartered Accountant at Velachery, who has signed and certified the fake documents in the incorporation forms for registration of around 1,500 companies and is working on behalf of Kanakkupillai.com. Of the 1,500 companies it is learnt that 700 are in Chennai. The searches continued until late night on Friday.

Kanakkupillai.com is managed by a group of business analysts, company secretaries, chartered accountants, corporate lawyers and financial professionals. The Registrar of Companies is empowered to conduct search and seizure operations under Section 209 of Companies Act 2013.

[baitdragon]

Auditing Firm Govche India Pvt Ltd at center of Rs 2,400 crore trading scam, two arrested

CHENNAI: Economic Offences Wing (EOW) on Friday arrested two people including a suspended functionary of Tamil Nadu BJP, K Harish, who was one of the directors of Aarudhra Gold trading private limited, which allegedly cheated investors to the tune of 2,400 crore. He had been absconding for more than 10 months.

They also arrested J Malathy of Tondiarpet who was an additional director with the firm. Police investigations revealed that Harish alone had collected over 210 crore from investors in Kancheepuram district, where he is based, and had purchased more than 30 properties in the names of himself and his relatives.

Malathy was incharge of Vellore, Katpadi and Trichy branches. Harish, who claimed to be a national level boxer, was appointed as the secretary of sports and skill development cell of the state BJP on June 2, 2022, two months after a case was registered against him.

Police said the company had collected money from more than one lakh depositors between September 2020 and May 2022, promising them interests in the range of 25% to 30% for their deposits.

Cheated, the depositors lodged a complaint following which the EOW registered a case under several sections of IPC including 420 (cheating and sections of the Banning of I-Jnregulated Deposit Schemes (BUDS) act and sections of the Tamil Nadu Protection of Interests of Depositors (TN PID) act.

In all, 21 people were booked and eight top executives of the firm including directors — Baskar, Mohanbabu, Senthil Kumar, Pattabiraman — and managers — Rafiq, Ayyappan — and two agents were arrested.

Meanwhile Registrar of Companies and his team of Indian Corporate Law Service officers from the Ministry of Corporate Affairs conducted a search and seizure operation on Friday in the registered office of the audit firm, Govche India pvt ltd, which runs a web portal Kanakkupillai.com on West Karikalan Street, Adambakkam.

They also searched the house of Kiruthiga at Velachery, who signed and certified the fake documents of incorporation for registration of around 1,500 companies across India including Aarudhra gold and their group of companies.