Pvt Ltd Company Registration in Bihar: Starting @ ₹999

Overview

Private Limited Company Registration in Bihar - Overview

Embarking on the journey of company registration in Bihar requires a strategic overview of the process and its intricacies. Bihar, known for its rich cultural heritage, is also a promising business destination. The registration process involves several crucial steps, from selecting a business structure to obtaining necessary permits. Ensuring compliance with local regulations is key to a successful registration.
br> At Vakilsearch, we play a pivotal role in simplifying and expediting the company registration process in Bihar. Our expert team guides you through the complexities, offering comprehensive assistance from consultation to document submission. We understand the unique regulatory landscape of Bihar, ensuring that your company registration adheres to all legal requirements. With Vakilsearch's expertise, you can navigate the bureaucratic procedures seamlessly, allowing you to focus on building and growing your business in Bihar. Trust us to be your reliable partner in turning your entrepreneurial aspirations into a reality.

Benefits of Registering a Private Limited Company Online in Bihar

• Independent Legal Entity for Business Continuity

  Registering as a PVT Ltd Company online establishes an independent legal entity, ensuring business continuity through generations. Separated from its promoters and shareholders, this structure provides perpetual existence, contributing to the long-term sustainability of the business.

• Easier Capital Raising

  PVT Limited Company registration facilitates the seamless introduction of non-related individuals or entities as shareholders. This streamlines the process of raising capital, allowing businesses to access funds from banks and financial institutions with greater ease and without personal guarantees.

• Limited Liability Protection

  Registering as a PVT Ltd Company reduces the risk of personal liabilities for shareholders. In case of defaults, personal assets remain untouched, offering a protective shield to promoters and shareholders to the extent of their contributed capital.

• Corporate Governance and Reputation

  Private Limited Companies, regulated by the Ministry of Corporate Affairs, boast higher corporate governance standards. This not only reaffirms legitimacy but also attracts top talent, fostering a positive perception in the job market.

• Trustworthiness and Transparency

  Mandated registration with the Registrar of Companies (ROC) in Patna, Bihar, ensures transparency. Accessible details on the MCA website build trust among investors and stakeholders, providing comprehensive information on directors, assets, financial statements, and annual returns.

• Hassle-Free Dissolution

  Registering as a PVT Limited Company online allows for systematic and planned dissolution when needed. This underrated advantage ensures a hassle-free and efficient process, offering flexibility and adaptability to changing business needs.

Documents Required to Register a Private Limited Company Online in Bihar

• PAN card of all proposed directors and shareholders
• ID proof of all proposed directors and shareholders (choose one): Aadhaar card, Voter ID, Passport, or driving licence
• Address proof of all proposed directors and shareholders (choose from): bank statements, telephone bills, mobile bills, or electricity bills
• Passport-sized photos of all proposed directors and shareholders
• Rental agreement for a business address in the name of the business
• Latest electricity bill for the business address
• No objection certificate from the owner of the business premises.

Basic Requirements To Register a Private Limited Company Online in Bihar

• Directors and membership requirements
• Company name selection
• Registered office address
• Obtaining additional documents
• Digital signature certificate (DSC)
• Director identification number (DIN)
• Name approval
• Memorandum of association (Moa) And articles of association (Aoa)
• Address proof and identity proof
• Registered office proof.

Importance of Registering a Private Limited Company Online

In Bihar, the Ministry of Corporate Affairs (MCA) has simplified the process of registering a private limited company, enhancing efficiency and user-friendliness. Let's explore compelling reasons for company registration:

• Establishing Legitimacy and Credibility

  Registering your business goes beyond paperwork; it legitimises your enterprise, fostering trust among customers, partners, and investors. This is especially crucial for businesses regulated by bodies like NAFDAC, instilling confidence in the quality and safety of your products.

• Safeguarding Intellectual Property

  Protection of trademarks and copyrights is paramount. Company registration provides a robust defense against imitation, safeguarding your assets and cultivating a distinctive brand identity. This proactive measure reduces the risk of legal complications.

• Access to Bank Loans and Grants

  Registered businesses find it easier to secure financial support for growth. The formalised status makes your business more appealing to lenders, enhancing credibility and increasing the likelihood of obtaining loans and grants vital for expansion.

• Liability Protection

  Opting for a business structure like a Limited Liability Partnership (LLP) during registration acts as a protective shield for personal assets. This ensures that in the event of business challenges, your personal finances and belongings remain secure. Registering as an LLP allows you to concentrate on business growth with peace of mind regarding personal liabilities.

Types of Business Entities for Company Registration in Bihar

• Sole Proprietorship
• Partnership Firm
• One Person Company (OPC)
• Private Limited Company (Pvt Ltd)
• Limited Liability Partnership (LLP)
• Public Limited Company (Ltd).

Step-by-Step Guide to Register PVT ltd Company Online in Bihar

Vakilsearch offers a simple en route to register PVT ltd company online in Bihar. We get it done in just 4 easy steps

• Step 1: Collecting Initial Documents

  Our team will gather all the necessary documents and get them verified for the incorporation process.

• Step 2: DSC and Name Approval

  On your behalf we will apply for Digital Signature Certificate (DSC) and seek approval for your company name from MCA.

• Step 3: Drafting MOA and AOA and Filling with ROC

  Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for your company and upload the completed documents and forms for the final stage of company incorporation.

• Step 4: Procure Company Incorporation Certificate

  Our team will initiate the registration process with the government authorities. They will further review the documents and will approve the company registration. Post approval you will be provided a company registration certificate directly.

Business Compliance in Bihar

Business compliance in Bihar involves adherence to local, state, and national regulations governing operations, taxation, licenses, and statutory requirements. Additionally, businesses must maintain accurate records, ensure transparency, and fulfil regulatory obligations to operate legally in Bihar. Our team of experts can help you stay on point with your annual business compliance.

• ADT -1 - Appointment of Auditor
• INC 20A - Certificate of Commencement of Business
• AOC 4 - Filing of financial statements
• MGT 7 - Filing of annual returns
• DIR 3 KYC - Directors KYC
• DPT 3 - Return of Deposits

Our PVT Limited Company Registration Services in Bihar

Vakilsearch offers a holistic solution to register a Private limited company online in Bihar allowing you to register your entity without leaving the comfort of your home. Our experts can complete the entire company incorporation process in 4 steps. Our company registration package includes:

• DIN and DSC for two Directors
• Drafting of MoA & AoA
• Registration fees and stamp duty
• Company incorporation certificate
• Company PAN and TAN
• Zero balance current account