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Private Limited

Company Registration in Bangalore

Registering a company in Bangalore involves submitting the requisite documents to the Registrar of Companies of the respective jurisdiction. After having verified the documents and the forms thus filed through the MCA portal, the RoC grants the Certificate of Incorporation.

Bangalore city, being one of the hi-tech cities in India, houses everything right from fancy shopping malls to serene lakes and gardens. But that isn’t all that Bangalore has. It cannot be forgotten that this capital city of the state of Karnataka is the ‘Silicon Valley of India’, which beckons people towards exorbitant opportunities. Bangalore, therefore, has been home to several startups, which are now top-notch companies, such as Byju’s, Zivame etc. Being a fast-paced city, it gives plenty of room for businesses to grow and flourish. That has been the primary reason that makes several entrepreneurs want to park their Company Registration in Bangalore.

While there are quite a number of types of company registrations, the most preferred is the private limited company, as it enables the business to reach a wider clientele thus pushing it to expand in leaps and bounds. Also, a large number of investors prefer to pool their money into private limited companies rather than into other entities. The registration of private limited companies is regulated by the Companies Act 2013 under the Companies Incorporation Rules 2014. Moreover, Private limited companies fall under The Ministry of Corporate Affairs (MCA) and the Registrar of Companies (RoC) exercises control over the affairs of private limited companies.

You can choose from a variety of company name ideas in the Vakilsearch company name generator for your brand-new, unregistered business.

Pre-Requisites to Register a Private Limited Company in Banglore

  • A private limited company must have  a minimum of 2 members and can have a maximum of up to 200 members
  • The company must have at least 2 directors. There can be up to 15 directors in  a private limited company

Documents to be submitted by the Directors of the Company:

  • Proof of identity that is authorised by the Government of India such as PAN card, Aadhar card, Voter’s ID, Passport or Driving license
  • The directors present should possess a Director Identification Number (DIN)
  • Proof of address such as recent bank statements, electricity bills, telephone bills, which is not older than 2 months from the date of submission
  • Latest passport size photograph
  • Specimen signature of the directors.

Documents to be submitted as Proof of Address of the Registered Office:

  • Rental agreement, receipt of the rent paid, and a NOC from the owner of the office is in rental space
  • Sale deed or Property deed, if the office is in own property
  • Latest electricity bill or Telephone Bill.

Registration Process of Private Limited Companies in Bangalore:

Step 1

An application for Digital Signature Certificate (DSC) is to be made by all the directors and shareholders, as the forms in MCA require to be signed and filed digitally. Further, an application for DIN is also to be made by the directors of the company

Step 2

The name of the company must be chosen. The name has to be unique and should not bear any resemblance to the names of the existing companies or trademarks. Moreover, the name of the company must have the words “Private Limited Company” appended at the end like, ‘XYZ Private Limited Company’

Step 3

Filing of the Form DIR-2. The form is to be filed by the directors of the company to grant their assent to act as one

Step 4

The directors have to submit the declaration by filing the form INC 9. The declaration would essentially mention that none of the directors or subscribers is guilty of any offence

Step 5

Drafting and filing of Memorandum of Association (MoA), which deals with the company’s objectives and Articles of Association (AoA) which delineates rules governing the company. Both MoA and AoA must be presented before the MCA for approval

Step 6

Filing of the form SPICe+ (Simplified Proforma for Incorporating a Company Electronically) which is the application for registration of the private company

Step 7

An application for TAN (Tax Deduction Account Number) and PAN (Permanent Account Number) is to be made through the SPICe+ form

Step 8

The RoC verifies all the documents thus submitted and after approving the same grants the Certificate of Incorporation. The PAN and TAN are allotted while issuing the certificate.

Once the Certificate of Incorporation is obtained, a bank account in the name of the company is to be initiated to execute the day-to-day financial transactions of the company.

The registration of a private limited company in a city like Bangalore would definitely boost the calibre of the business and would open several new avenues to it. Although the process of incorporation seems complicated, delegating it to the right service providers could facilitate the same without much hassle. Likewise, registering a company is the first step in establishing a successful business and the first step is often the toughest in any journey. We, here at Vakilsearch, are more than ready to take that first step for your business and accomplish the same at the quickest possible.

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