Company Registration in Bangalore A Step by Step Guide
Company Registration in Bangalore is a simple and easy 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 the capital invested, this benefit is not available in a proprietary business where you have unlimited liability You have decided to do your company formation in Bangalore ? Please Contact us on 9513939333 Great, there’s a big difference between having a great idea and transforming it into a successful startup company. Registration of company in Bangalore process explained in this video , please contact us on 9513939333 https://youtu.be/-CSOxznnSts
Company Registration – How to Register a Company in India complete guideAs an entrepreneur, you decided to form and run a company now the first step is deciding the structure of the company and the kick start the process of Company Registration in India.
Easily Register a Company
Advantages of Company Registration
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.
Perpetual succession- One of the major benefits that come with private limited company registration is that the life of the company does not come to an end even with the death of all members and the shares are transmitted to the legal heirs
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- In the private limited company registration, 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 a guide on company registration in BangaloreWhen 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 and
- LLP (limited liability Partnership) and
- One Person Company.
A short guide to choosing the right legal entity to start a business, Company Formation 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 and 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 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 registration in bangalore.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 in Bangalore to test the ideas before going proper pvt ltd company registration.
Private Limited Company Formation in Bangalore
Privately limited company registration starts from Rs 8,999. Register a private limited company 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 in Bangalore
One Person company registration starts from Rs 10,000 (inclusive of taxes) and Register an OPC in Bangalore within 10 – 15 working days…
Partnership FirmPartnership 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 in India within 30–45 days and Registration of wholly owned company starts from Rs 40,000…
New Process of Company Registration in BangaloreSPICe+ Form The Ministry of Corporate Affairs implemented a new web form known as SPICe+ as a result of the Government’s initiative on the Ease of Doing Business (EODB) in India. 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.
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: 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 AffairsSo, 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
COMPANY FORMATION IN BANGALORE COMPLETE PROCESSWe 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
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 2: Form SPICe (INC-32) form used for Company Registration in BangaloreApply for DSC ( Digital Signature) Because SPICe (INC-32) form used for Company Registration in Bangalore, 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 activityArticles 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 RegistrationApply 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.
Company Registration in Bangalore Cost
Best Way to find Company Registration Consultants in Bangalore :
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 this is mandatory for all businesses registered in Karnataka Post Company Registration in Bangalore
Professional TaxEvery 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 RegistrationAfter 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.
How to register a business name?Business name selection is the most important task in the company formation process, the name follows certain guidelines
How to choose a Company Name for Company Registration?Do you know how many company names get rejected by the Centralized registration center of MCA? and why checking of Company name availability is very important? Well, more than 70% of the names applied online are rejected by MCA Before commencing the process of Company Registration, please ensure that you check the Company name in the following link http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do Check also in trademark registry in the following link http://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx For complete guide on how to choose the company name check click here
What are the Documents Required For Company Registration?Documents Required for Company Registration are listed below
- Identity and Address Proof of Share Holders and director
- PAN Card of the Director
- ID Proof such as aadhar , passport or driving license (Anyone)
- Latest Bank Statement or telephone bill in the name of the director
- Registered Office proof
- Rental Agreement in case the Company Registered office is Rented along with NoC from owner along with EB CARD (Electricity Card)
- In case of own Property tax receipt is compulsory
Frequently Asked Questions about Company Registration in India
1. What is authorized capital and paid up capital of the private limited company?
3. What is the mandatory requirement to start a private limited company?
- Company Name after due verification
- Documents of the Director (PAN , ADDHAR, Bank Statement or Telephone Bill)
- Registered office proof mentioned above
4. How long does it take to register a private limited company?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
6 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 7. 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. 8. 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 9.What if I don’t have any partner to join as directors? Can I Register my Private Limited Company with my family members?
How we help with company registration!
- +91 91760 44 244 / +91 99622 30 333
- +91 95 139 39 333
- 044 48560333 / 080-61935527
- or mail us [email protected], our team will guide through the entire process and help you comply