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?

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

Types of Legal legal entity with Directors and Shareholders a guide on company registration in Bangalore

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 and

LLP (limited liability Partnership) and

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, 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 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 in India within 30–45 days and Registration of wholly owned company starts from Rs 40,000…

New Process of Company Registration in Bangalore

SPICe+ 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

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

COMPANY FORMATION IN BANGALORE COMPLETE PROCESS 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 You can check the names through this government portal link, or refer our detailed on company name selection 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 Bangalore Apply 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 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 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 Registration in Bangalore and pvt ltd company in bangalore is the best choice given the structure and ease of doing business LLP company registration in Bangalore cost in this range 8,999 to 10,999 rupees and One person company registration In Bangalore cost in the range 11,999 to Rs 19,99 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 this is mandatory for all businesses registered in Karnataka Post Company Registration in Bangalore 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.

ADVANTAGES OF COMPANY FORMATION IN BANGALORE

Limited Liability

One of the main advantages of forming a private limited company is limited liability

Limited liability means the shareholders liability in the company is limited to the capital amount invested in the company.

Business Continuity

Private companies enjoy perpetual succession.

Shareholders may come and go, but the company still continues to be in existence. The company is unaffected by the death of any of its shareholders or the transfer of its shares to another person.

Transfer and Exits

Limited companies are easier to sell as compared to partnership firms. Ownership is represented by equity or preference shares and these can be easily transferred and exited without affecting the activities of the company.

Salaries to directors

There is no maximum limit on the salary being paid to directors because the board of directors approve it though a board resolution