Private Limited Company Registration in Bangalore – Virtual Auditor

Company Registration in Bangalore

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)

Company Registration in bangalore
Company Registration in bangalore

 

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

Company Registration Portal of Government of India
Company Registration Portal of Government of India

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

Partnership firm registration starts from Rs 10,000(Inclusive of taxes) and Register a partnership firm in Bangalore within 5 – 10 working days…

Foreign Subsidiary

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 compliances

We can choose any of the methods for name approval
  1. 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
You can check the names through this government portal link, or refer our detailed on company name selection
 

Company registration - Reserve unique name form

 

 

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 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)

AOA Articles of Association
AOA Articles of Association
MOA Memorandum of Association
MOA Memorandum of Association

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

RELATED GUIDES

Frequently Asked Questions about Company Registration in Bangalore

  • How much does it cost to register a company in Bangalore?
    How much does it cost to register a company in Bangalore depends on the nature of company registration such as private limited company would cost Rs 9899 + GST , LLP would cost around Rs 6999 + GST
  • How do I start a private limited company?
    Registering a company is easy through VirtuAuditor, choose of the type of Company Registration that is 1) Private Limited Company with 2 Directors 2) One Person Company Registration, Company with only one Director and submit the documents mentioned above and get your company registered in 7 working days subject to government approval
  • Is it possible for small businesses to get company registration in Bangalore?
    Yes, a small business owners can get registered under as a private limited company or Limited liability partnership or a normal partnership, by registering as a private limited company the recognition is better
  • What is the mandatory requirement to start a private limited company 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)
  • How long does it take to register a private limited company in bangalore?
    The Processing time for Name approval is 1 to 2 working days under form RUN , a post which it would take around 3 to 4 working days, the total can be done in 7 to 10 working days subject to government approval and documents being provided on time
  • What is authorised capital and paid up capital of the private limited company?
     Authorised Capital is the maximum capital that the company may have and Paid-up Capital Refers to Capital that is subscribe in Memorandum of Association.
  • How do NRIs and foreign nationals or foreign entities register a company?
    NRI and Foreign Companies can register in India subject to FEMA (Foreign Exchange Management Act) regulations and they need to Comply  with FDI (Foreign Direct Investment ) Norms set from time to time They can either form 1) Indian Subsidiary as a Subsidiary of Foreign Company 2 ) An independent private limited Company
  • Who can be a director of a company?
    Any Person how has crossed the legal age to sign a contract can become a director, that is any person who is 18 Years or old can become a director
  • What is DSC & DIN?
    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.
  • Which is better Pvt Ltd or LLP?
    Which is better Pvt Ltd or LLP the ideal structure would be pvt ltd as a startup you intend to raise funds which is easier in Pvt Ltd than LLP
  • What is the minimum investment required to set up a Private Limited Company in India?
    There is no minimum capital requirement a capital can be started with as little as Rs 2 as its share capital
  • Can any one without back ground experience register a private limited company in bangalore?
    Any one can register a private limited only requirement being they should be above the age of 18 and are willing to register a company
  • What if I don’t have any partner to join as directors? Can I Register my Private Limited Company with my family members?
    Yes. You can register your Private Limited Company with your family members there is no restriction on that
  • Can we apply for GST Registration along with Company Registration form ?

    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.

    (a) GSTIN with cffcct from 31st  March, 2019
     (b) ITPFO with effect from 8th April, 2019
     (c) ESIC with effect from 15th April, 2019
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    8 thoughts on “Private Limited Company Registration in Bangalore – Virtual Auditor

    1. Pingback: company registration in Bangalore

      • Viswanathan says:

        Well said if any angel investors or venture capitalist in future then always going with the private limited company registration in Bangalore is the best choice

    2. Inthisto says:

      Thank you for giving useful information about Registration, best company registration services in Bangalore and business registration in Bangalore

    3. Abrar says:

      Thank you for this awesome information. The information on private limited company registration online how to register a private limited company in India? is truly helpful.

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