Public Limited Company Formation in Bangalore
Company Registration In Bangalore - How to Register A Company in Bangalore?
Bengaluru is one of the fastest-growing cities in India. It is an IT hub since it provides various advantages to companies. One of the primary benefits of a company registered in Bangalore is the availability of a highly skilled workforce comprised mainly of technologically inclined professionals.
Bangalore’s cutting-edge infrastructure and favorable business laws form a sustainable economic framework for start-ups. Moreover, it is home to world-class tech companies luring fresh talent across the country and a well-known start-up epicenter. There is immense scope for new company registration in Bangalore.
The company registration process is provided under the Companies Act, 2013 and is governed by the Ministry of Corporate Affairs (MCA). The following are the types of companies that an entrepreneur can incorporate in Bangalore:
- One Person Company (OPC): OPC is suitable for a single individual who wants to start a company with limited liability. There can be only one member in an OPC.
- Limited Liability Partnership (LLP): LLP is ideal for a close group of people wishing to start a company with limited liability and minimal external contribution.
- Private Limited Company: A private limited company is best suited for a group of people planning to raise funds for their business in the future.
- Public Limited Company: A public limited company is a company that offers its shares to the public. Any individual can buy the company stock. It is stringently regulated under the Companies Act, 2013 and SEBI Act, 1992.
Entrepreneurs must have the following requirements before applying for company registration in Bangalore:
- The company must have a unique name, i.e. not similar to an already registered company name or trademark.
- The company must have the minimum directors (One director for OPC, two for a private company and three for a public company).
- Foreign nationals can be directors of the company, but at least one director must be an Indian citizen.
- All the directors must have a Director Identification Number (DIN).
- The company must have the minimum members (One member for OPC, two for a private company and seven for a public company).
- All the directors and shareholders must have a Digital Signature Certificate (DSC) to sign documents and forms.
- The company must have a registered office address in Bangalore.
- The company must prepare its Memorandum of Association (MOA) and Articles of Association (AOA).
The company registration process in Bangalore is completely online and paperless. The company registration forms and the required documents are filed online through the MCA website, and the Central Registration Centre (CRC) processes the same.
Upon completion of the registration formalities, the Offices of Registrar of Companies (ROC) in each state issue a digitally signed Certificate of Incorporation. The stakeholders of a company can verify the certificate of company incorporation issued by the ROC on the MCA website. In Karnataka, the Registrar of Companies, Bangalore (ROC, Bangalore), is the authority for company and LLP registration and regulation.
The address of the Office of Registrar of Companies, Bangalore is as follows: Registrar Of Companies, E Wing, 2nd Floor, Kendriya Sadan, Koramangala, Bangalore – 560034, and the email ID is as follows:
roc.bangalore@mca.gov.in.
The company registration process in Bangalore is as follows:
- Applying for the DSC and DIN of all directors.
- Filling Part-A of the SPICe+ form for reserving the company name on the MCA website.
- Filling company details in Part-B of the SPICe+ form.
- Filing the eMOA and eAOA.
- Filling the AGILE-PRO form for opening a bank account and registration of EPFO, ESIC, GSTIN and professional tax (if applicable).
- Uploading the required documents.
- Submitting the filled form SPICe+ form on the MCA website by attaching the DSC of the proposed director and declaration by a professional (Chartered Accountant/Company
- Secretary/Cost Accountant/Advocate).
- Paying the company registration fees and ROC stamp duty on the MCA website and generating the challans.
- The CRC will process the application and forward it to the ROC when all the documents are proper.
- The ROC will register the company and issue the following:
a. Company Incorporation Certificate.
b. Company Permanent Account Number (PAN).
c. Tax Collection and Deduction Number (TAN) of the company.
- PAN card of every director and shareholder.
- ID proof of every director and shareholder, which can be any one of the below documents:
- Aadhaar card.
- Voter ID card.
- Driving license.
- Passport (in case of foreign nationals).
- Address proof of every director and shareholder, which can be any one of the below documents:
- Bank account statement.
- Latest electricity, water or internet bill.
- Mobile bill not older than three months.
- Resident card, bank statement or driving license (in case of foreign nationals)
- Proof of registered office address of the company, which can be any one of the below documents:
- Electricity, gas, internet or water bill.
- Rental agreement and NOC from the owner (in case building premises is leased).
- Latest property tax receipts.
- Sale deed or property registration deed (in case building premises is own).
Created & Posted by (Ashutosh)
CA Article at TAXAJ
TAXAJ
is a consortium of CA, CS, Advocates & Professionals from
specific fields to provide you a One Stop Solution for all your
Business, Financial, Taxation & Legal Matters under One Roof. Some
of them are:
Launch Your Start-Up Company/Business,
Trademark & Brand Registration,
Digital Marketing,
E-Stamp Paper Online,
Closure of Business,
Legal Services,
Payroll Services, etc. For any further queries related to this or anything else visit
TAXAJ
TAXAJ Corporate Services LLP
Address: 186, 22nd A Cross Rd, Sector 3, HSR Layout, Bengaluru, Karnataka 560102
Related Articles
Public Limited Company Registration in Bangalore
In the bustling business landscape of Bangalore, many entrepreneurs aspire to elevate their ventures to the status of a public limited company. This transition opens up avenues for increased capital, wider market presence, and enhanced credibility. ...
Documents Required for Company Registration in India
Details and descriptions of the documents required for company registration has been provided here: Directors: Indian Nationals The following documents are mandatory for Indian Nationals for incorporation of company in India: PAN Card: PAN Card copy ...
What are the documents required for private limited company registration?
Introduction: In the bustling world of entrepreneurship, establishing a private limited company stands as a beacon of credibility and growth. This business structure not only offers limited liability protection to its shareholders but also ...
Public limited Company Registration in India
Company Registration in India In India, company registration can be completed online through Taxaj. A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business ...
Limited Liability Partnership (LLP) Registration in Bangalore
LLP is now the most preferred legal entity for Professionals and service providers owing to the flexibility it provides. It provides a combination of ‘Partnership’ and ‘Limited Company’ business structures. In a Limited Liability Partnership (LLP), ...