Company Registration in Bangalore A Step by Step Guide
Company Registration Process, Registering as a Private limited (Pvt Ltd Registration) in Bangalore is the first step corporate journey, it is a structure where your liability in case of a loss, is limited to capital invested, this benefit is not available in a proprietary business where you have unlimited liability Company Registration in Bangalore is governed by Companies Act 2013 which lays down the procedure for registering and managing a company and its affairs, Ministry of corporate affairs through www.mca.gov.in which is its E-Portal manages the compliance under the companies act and all company formation related formalities must be done through this e portal
As a per of ease of Doing Business the government of India introduced combined simplified form for obtaining GST Registration and ESI PF registration along with company Registration vide notitfication issued on 30th March 2019.
How to start Company Registration process in Bangalore ? and what is the jurisdictional RoC in Bangalore
As per the MCA(ministry of Corporate affairs) each state have their own ROC(Registrar of Firms), but in since the inception of CRC ( Centralised Registration Centre) In Manesar all incorporation filing will be done
As per the notification In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013) (herein after referred to as the Act), the Central Government hereby establishes a Central Registration Centre (CRC) having territorial jurisdiction all over India, for discharging or carrying out the function of processing and disposal of applications for reservation of names under the provisions of the said Act.
In terms of office, Maharashtra and Tamilnadu is the only state where they have two ROC so each state covered their own ROC which handles only their state companies.
Bangalore ROC have a responsibility & duty of register the private limited company or any other type of the companies & LLP (limited liability partnership) & ensure these companies are complying with the statutory requirements of the act.
Types of Legal legal entity with Directors and Shareholders a guide on company registration in Bangalore
When you start company registration 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, 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. So here is the short guide to choosing the right legal entity to start a business in Bangalore City-
- 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 in Bangalore.
- 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 & need limited liability in the business then go with the LLP company registration in Bangalore.
- 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 & 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 registration in bangalore.
Apart from above 3 legal entity if you have any business ideas which is untested then you have to always choose the simple sole proprietorship company registration in Bangalore to test the ideas before going proper pvt ltd company registration.
Private Limited Company Registration in Bangalore
Privately limited company registration starts from Rs 12,000. Register a private limited company in Bangalore within 5–10 working days…
Limited Liability PartnershiP
Limited Liability Partnership registration starts from Rs 10,000 (Inclusive of taxes). Register a LLP in Bangalore within 10-15 working days…
One Person Company Registration in Bangalore
One Person company registration starts from Rs 10,000 (inclusive of taxes).
Register an OPC in Bangalore within 10 – 15 working days…
Partnership Firm
Partnership firm registration starts from Rs 10,000(Inclusive of taxes). Register a partnership firm in Bangalore within 5 – 10 working days…
Foreign Subsidiary
Register a branch office or a wholly owned subsidiary in India within 30–45 days. Registration of wholly owned company starts from Rs 40,000…
Steps for forming a Private Limited Company Registration in Bangalore:
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: After completion of the above-mentioned process of company registration, RoC
Issues Certificate of Incorporation
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
We can choose any of the methods for name approval
- Approval through RUN form route
2. Direct SPICE 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 guidelines
In one application we can apply for Two names, in case of Resubmission we can apply for the next two names
METHOD 2:
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, if the name is rejected then we have to completely redo entire documents such as INC- 9 ( Affidavit), DIR -2 ( Director Concent) and all other documents including NOC from owner
Step 2: Form SPICe (INC-32) form used for Company Registration in Bangalore
DSC ( Digital Signature) in simple terms means your physical signature in a digital form, this does not mean your physical signature is copied and pasted, all your data that is PAN number and other details are embedded in a file that can be downloaded in an e-token.
The e-token will be password protected which will act as your digital signature, for company formation, GST registration, PF Registration and for Income Tax filing we have to use class 2 DSC provided by government-approved vendors such as e-mudra or Sify or N-Code
MCA ( Ministry of Company Affairs) has introduced Form SPICe (INC-32) for easy and fast company registration
- Application for allotment of DIN (Director Identification Number)
- Reservation of company name
- Incorporation of a new company
- 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 and ESI PF Registration along with Company Registration in 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.
Company Registration in Bangalore Cost :
Company Registration in Bangalore cost would depend on the legal entity it would cost ranging from Rs 11,999 to Rs 19,999 for Private Limited Company Registration in Bangalore
LLP company registration in Bangalore cost in this range 8,999 to 10,999 rupees |
One person company registration In Bangalore cost in the range 11,999 to Rs 19,99 rupees.
Best Way to find Company Registration Consultants in Bangalore :
Your Experts Virtual Auditor is here to support you For any assistance on Private Limited company registration in Bangalore contact virtual Auditor support team at [email protected] or contact 99622 60333 /080 -61935527, we will help you with the process
WHAT ARE THE OTHER REGISTRATION TO BE TAKEN AFTER COMPANY REGISTRATION IN BANGALORE?
Post Company Registration in Bangalore, the following is the Mandatory Registration
- Shop Act Registration (Shop & Establishment Act Registration)
- Karnataka Shops and Commercial Establishment license is issued from the department of labor and is mandatory for all businesses registered in Karnataka Post Company Registration in Bangalore
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Professional Tax
- Every company post Company Registration in Bangalore, which is engaged in any trade or professional should obtain a Certificate of Enrolment from the Profession Tax Officer. All companies with Enrolment Certificate shall pay tax every year before 30th of April
- Import & Export Code Registration
- After the Company Registration in Bangalore is completed and your company is a software exporter/goods exporter, obtaining an Import Export Code is mandatory
- GST REGISTRATION
- Every company post Company Registration in Bangalore, which is engaged in any trade or professional should obtain GST REGISTRATION if the turnover exceeds the threshold Limit of Rs 20 Lakhs per annum.
Your Experts Virtual Auditor is here to support you For any assistance on Private Limited company registration in Bangalore contact virtual Auditor support team at [email protected] or contact 99622 60333 /080 -61935527, we will help you with the process
