Company Registration in Bangalore is a simple and easy process, Registering as a Private Limited (Pvt Ltd Registration) is the first step corporate journey, it is a structure where your liability in case of a loss, is limited to the capital invested, this benefit is not available in a proprietary business where you have unlimited liability
Great, there’s a big difference between having a great idea and transforming it into a successful startup Company . You have decided to do your company formation in Bangalore ? Please Contact us on 9513939333
Registration of company in Bangalore process explained in this video
Virtualauditor are Online Company Registration consultants we help in choosing the correct company structure or the business structure under companies act and suggest all the documents that are required for company registration
Private limited company formation the entire process is explained below
Private Limited Company Registration In Bangalore
Startups registering a Company in Bangalore requires a minimum of 2 Directors , To register a Private Limited Company in Bangalore there is no minimum capital requirements, the name of the company should end with PVT Ltd ( denoting private limited)
Private Limited Company Registration Importance for Startups
Private limited company is the most popular in India due to various advantages such as fundraising, equity dilution, easy FDI (Foreign Direct Investment). Virtual Auditor offers company registration from Rs.9999/- contact us on 9962230333 / 9513939333 / 9962260333 The company registration process is also referred to as pvt Ltd company registration.
Bangalore company registration can be done by virtual auditor who are experts in company registration
Advantages of Company Incorporation
Separate legal identity- One of the major benefits that come with company registration is that the company is a separate and distinct legal entity
Limited Liability- The private limited company is a separate legal entity from its members. Thus the liability of the members of a private limited company is limited to the extent of the Share Capital Contributed and subscribed.
Ease of formation- Company registration is easy to process compared to other forms of registration is it’s completely online, done through Ministry of Corporate Affairs website www.mca.gov.in
Easy and free transferability of shares- The shares of a private limited company can easily be transferred, no hassle of redoing the entire partnership deed in case of partnership or reconstitution of LLP dead if it’s an LLP
Property can be owned in Company Name (Company as Owner)- The Company is a separate legal entity that is empowered to acquire, own, enjoy and alienate, property in its own name.
Raising the Foreign Direct Investment- company private limited , any Non Resident or foreigner national can make the investment through the automatic route i.e. without government approval.
Types of Legal legal entity with Directors and Shareholders
When you start company formation in Bangalore, you may be a the tech or non-technical partners or single founders. Bangalore, being a start up hub and the investment capital of India
Private limited company
LLP (limited liability Partnership)
One Person Company
Depending upon the legal entity apart from the founders, but if you have investors then you can call them as Shareholders. In most of the cases, in the starting founders & shareholders are the same because they are investing the money in business and run as bootstrapping.
A short guide to choosing the right legal entity to start a business
a) Private Limited Company Registration –
When you have the two co-founders or want to raise the money from angel investors or venture capitalist in future then always go with the private limited company registration
B) Limited Liability Partnership | LLP Registration
When you have two partners or co-founders but have enough money to invest in the startup for the long terms and need limited liability in the business then go with the LLP.
c) One Person Company Registration –
OPC is similar to the private limited company so it’s a best when you are the single founder of the company and need just a limited liability in the business with company legal status and 100% control over the business then go with the One Person company
Apart from above 3 legal entity and if you have any business ideas which is untested then you have to always choose the simple sole proprietorship company registration to test the ideas before going proper pvt ltd company registration.
OPC Is also a private limited company with only one share holder appointment of nominee is mandatory , and there can be more than 1 director in the company
Company Formation in Bangalore
Private limited company registration starts from Rs 8,999. registration private limited in Bangalore within 5–10 working days because company formation approval process and time involved
Limited Liability Partnership
Limited Liability Partnership registration starts from Rs 10,000 (Inclusive of taxes) and Register a LLP in Bangalore within 10-15 working days…
One Person Company Registration
One Person company registration starts from Rs 10,000 (inclusive of taxes) and Register an OPC in Bangalore within 10 – 15 working days…
Partnership firm registration starts from Rs 10,000(Inclusive of taxes) and Register a partnership firm in Bangalore within 5 – 10 working days…
Register a branch office or a wholly owned subsidiary by a foreign company in India within 30–45 days and Registration of wholly owned company starts from Rs 40,000.
Company registration process
SPICe+ Form The Ministry of Corporate Affairs implemented a new web form known as SPICe+ . This web form will be used to handle multiple Company registration services such as name reservation, company incorporation, allotment of DIN, issue of PAN, TAN, ESIC, EFPO, Bank Account Opening and Professional Tax. The new SPICe+ form after its implementation will be used to handle all new name reservation, and incorporation.Company Registration Process In Bangalore After the approval of the company name through the RUN application platform, the integrated company registration form can be filed. Name reservation can only be performed through the SPICe+ application process. Only one name can be submitted for approval using the SPICe form, but if the name is rejected, name resubmission can be done with a different name two additional times.
Checklist for registering a company
Registering a private limited company in Bangalore requires a support of CA/CS/Lawyer as the legal procedures are involved in it, it’s a complicated process but does not worry our team of experts will take care of these issues
Step 1: Apply RUN ( Reserve Unique Name Form ) (Name Availability)
Step2: Obtain DSC and Form SPICE INC-32 (E Form used for Company Registration)
Step3: Drafting of MOA in SPICE INC – 33 and AOA In SPICE form company registration
Step4: PAN and TAN Application Along with Form SPICE INC -32 (E Form used for Company Registration)
Step5: Apply for ESI & PF Registration along with company registration
Step6: After completion of the above-mentioned process of company registration, RoC
Step 7: Issues Certificate of Incorporation by the Ministry of Corporate Affairs
So, the next time someone you wonder how to register a company in India, you can easily log in to our website and use our services. Now that you have understood the Steps involved, we will get into the intricate details of about company registration and its procedures
Bangalore company registration
Virtualauditor are experts in assisting company in bangalore to get them registered and help them all compliancesWe can choose any of the methods for name approval
- Approval through RUN form route
Method 1: Incorporating a Company via RUN (Reserve Unique Name) form:
RUN(Reserve Unique Name) From gives only Two (2) chance for applying one is original submission and the other is in resubmission mode, You must ensure that the names should not be general and should be closely resembling with other companies detailed understanding of name availability guidelinesIn one application we can apply for Two names, in case of Resubmission we can apply for the next two names
Apply directly Directly in SPICE INC -32 for company registration and get a direct certificate of incorporation, the only pitfall is that we can apply only one name and all legal documents must be fully prepared to proceed with this And if the name is rejected then we have to completely redo entire documents such as INC- 9 ( Affidavit) and DIR -2 ( Director Consent) and all other documents including NOC from owner
Step 1: Form SPICe (INC-32) form used for Company Registration
Step 2: Apply for DSC ( Digital Signature) Because SPICe (INC-32) form used for Company Registration , the following are the benefits
Application for allotment of DIN (Director Identification Number) and
Reservation of company name and
Incorporation of a new company and
Application for PAN and TAN
Step 3: e-MoA(INC-33) and e-AoA (INC-34)
e-MoA refers to an electronic Memorandum of Association and eAoA is electronic Articles of Association.
Memorandum of Association in Company registration represents the charter, indicating the lines of business its operation as the main business and other activities related to its main business activity
Articles of association used in company registration process define the powers, rights, and responsibilities of the directors and shareholders
Step 6: PAN and TAN Application
Through this single form SPICe, you have mandatory apply for PAN and TAN by using forms 49A for PAN and 49B for TAN.
The system will auto-generate these forms after the submission of SPICe form.
Step 7 : Apply for GST Registration
Apply for GST Registration and ESI and PF Registration along with Company Registration in The application for incorporation of a company will be made by e-form AGILE (lNC 35) containing an application for registration of the following numbers, namely. (a) GSTIN and (b) ITPFO and (c) ESI
Step 8 : Apply for Shop & Establishment Act Registration
Apply for Shop & Establishment Act Registration with local labour that you establishment is fully complaint with local labour laws of the state
Step 9 : Apply for Professional Tax Registration
Apply for Professional Tax Registration with local labour that you establishment is fully complaint with local labour laws of the state, its also called as PTRC
Company Registration in Bangalore Cost
Company Registration in Bangalore cost would depend on the legal entity because the government fees is dependent on the share capital it would cost ranging from Rs 11,999 to Rs 19,999 for Private Limited Company and pvt ltd company in bangalore is the best choice given the structure and ease of doing business LLP costs in this range 8,999 to 10,999 rupees and One person company registration In Bangalore cost in the range 11,999 to Rs 19,999 rupees.
Best Way to find Company Registration Consultants in Bangalore :
Virtualauditor is one of the reputed company registration consultant in Bangalore for Private Limited company registration you may contact virtual Auditor support team at [email protected] or contact 9513939333, we will help you with the process
register company in bangalore , Our google maps coordinates https://g.page/r/CcWqjvp-CguxEBA
How to register a business name?
Business name selection is the most important task in the company formation process, the name follows certain guidelines
What are the Documents Required For Company Incorporation?
Documents Required for Company incorporation are listed below
Identity and Address Proof of Share Holders and director
PAN Card of the Director
For Residential address ID Proof such as aadhar , passport or driving license (Anyone)
Latest Bank Statement or telephone bill in the name of the director
The above documents will be used for Digital signatures and digital signature
Registered Office proof
The company have to have a registered office address. Rental Agreement in case the Company Registered office is Rented along with NoC from owner along with EB CARD (Electricity Card) / electricity bill and rent agreement is needed for new company registration
In case of own Property tax receipt is compulsory along with address proof electricity bill is also needed
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- UNDERSTANDING MOA & AOA OF PRIVATE LIMITED COMPANY
- Share Certificate- Meaning And Procedure To Issue under Companies Act 2013
- WHAT IS DIRECTOR IDENTIFICATION NUMBER (DIN) ?
- What does Authorised Capital and Paid Up Capital mean ?
- Documents Required
- Registering a Wholly Owned Subsidiary in India by foreign company step by step guide
- Certificate of Commencement of Business FORM INC 20A
- DIRECTOR RESIGNATION A STETP BY STEP GUIDE
- 7 Major Startup Funding and Valuation Mistakes First-Time Entrepreneurs Make (and How to Avoid Them)
- What is an OPC ( One Person Company)?
OTHER SERVICES OF VIRTUAL AUDITOR IN BANGALORE
Frequently Asked Questions about Company Registration in Bangalore
- Company Name after due verification
- Documents of the Director (PAN , ADDHAR, Bank Statement or Telephone Bill)
- Registered office proof (Rental Agreement with NoC form Owner)
The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents. DIN is a director identification number. DIN Refers to Director Identification Number which is allocated along with Certificate of Incorporation through SPICe 32 Form.
There is no minimum capital requirement a capital can be started with as little as Rs 2 as its share capital
Yes .The application for incorporation of a company under rule 38 shall be accompanied by e-form AGILE (lNC 35) containing an application for registration of the following numbers, namely.