To operate as a private limited company in Chennai, Tamil Nadu, there are several registrations, acts, and statutory requirements that need to be adhered to. Here is a comprehensive list of what you need to follow:
1. PF (Provident Fund):
- Register under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 if you have 20 or more employees.
- Obtain a PF registration number and provide the necessary benefits to your employees.
2. ESI (Employee State Insurance):
- Register under the Employees' State Insurance Act, 1948 if you have 10 or more employees.
- Obtain an ESI registration number and ensure compliance with ESI regulations.
3. GST (Goods and Services Tax):
- Register for GST as per the GST Act if your annual turnover exceeds the threshold limit.
- Obtain a GST registration number and file regular GST returns.
4. Shops and Establishment Act:
- Register under the Tamil Nadu Shops and Establishments Act, 1947.
- Comply with regulations related to working hours, holidays, wages, and other provisions.
5. Professional Tax:
- Register for Professional Tax with the Tamil Nadu Commercial Taxes Department.
- Deduct and deposit professional tax from the salaries of your employees.
6. Labour Welfare Fund:
- Register under the Tamil Nadu Labour Welfare Fund Act and make contributions towards the welfare of laborers.
7. Income Tax:
- Obtain a Permanent Account Number (PAN) and comply with income tax regulations for corporates.
8. Trade License:
- Obtain a trade license from the local municipal corporation to operate your business legally.
9. Fire and Safety License:
- Ensure compliance with fire and safety regulations and obtain the necessary licenses.
10. Environmental Clearance:
- Obtain environmental clearances if your business activities impact the environment.
It is crucial to stay updated with any amendments or changes to these regulations to ensure full compliance and avoid any penalties or legal issues.