Private Limited Registration in Bangalore
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Private Limited Registration in Bangalore
PVT Ltd Registration in Bangalore is a type of business structure that limits the liability of its shareholders. In other words, the shareholders are not personally liable for the company’s debts beyond the amount of share capital they have invested in the company.A PVT Ltd company is registered under the Companies Act, 2013, and is governed by the Ministry of Corporate Affairs. It has a separate legal entity and can own property, sue and be sued in its own name.The formation process of a PVT Ltd Company involves registering with the Registrar of Companies, obtaining a Digital Signature Certificate, Director Identification Number, and selecting a unique company name. The Memorandum of Association and Articles of Association must also be drafted and filed with the Registrar of Companies.
Benefits of PVT Ltd Registration in Bangalore
Limited Liability: As mentioned earlier, the liability of the shareholders is limited to the amount of share capital they have invested in the company. This means that their personal assets are not at risk if the company incurs losses or faces legal action.
Better Access to Funding:PVT Ltd companies in Bangalore have better access to funding from banks and financial institutions. It is easier for them to raise capital through equity or debt financing, as investors and lenders prefer to invest in companies that have a strong legal structure.
Credibility: Registering as a PVT Ltd registration service in bangalore gives your business a more professional image and instills confidence among potential investors and customers. It shows that your business is committed to transparency and good governance practices.
Tax Benefits:PVT Ltd companies are eligible for several tax benefits, including lower corporate tax rates, tax deductions for certain expenses, and the ability to carry forward losses.
Perpetual Existence:PVT Ltd registration has a perpetual existence, which means that the company will continue to exist even if the shareholders or directors change.
Process of PVT Ltd Registration in Bangalore
STEP 1
Obtain a Digital Signature Certificate (DSC)
The first step in the PVT Ltd Registration process is to obtain a Digital Signature Certificate (DSC) for the proposed directors of the company. The DSC is an electronic form of signature that is used to sign documents online. This step can be completed online through the website of the Ministry of Corporate Affairs (MCA).
STEP 2
Apply for Director Identification Number (DIN)
The next step is to apply for a Director Identification Number (DIN) for the proposed directors of the company. The DIN is a unique identification number assigned to each director, and it is mandatory for all directors of a company to have a DIN. This step can also be completed online through the MCA website.
STEP 3
Choose a Company Name and Get it Approved
The third step is to choose a unique company name and get it approved by the Registrar of Companies (ROC). The name should not be similar to any existing company name, and it should not violate any trademark or copyright laws. Once the name is approved, the ROC will issue a Name Approval Letter.
STEP 4
Draft the Memorandum of Association (MOA) and Articles of Association (AOA)
The next step is to draft the Memorandum of Association (MOA) and Articles of Association (AOA) of the company. The MOA contains the main objectives of the company, while the AOA contains the rules and regulations governing the company's internal affairs. These documents need to be prepared by a professional and must be filed with the ROC.
STEP 5
File the Incorporation Documents
The final step is to file the incorporation documents, which include the MOA, AOA, and other necessary documents such as the Name Approval Letter, DSC, DIN, and address proof of the registered office. Once the documents are verified and approved by the ROC, the Certificate of Incorporation is issued.
Benefits
How to Register?
Company registration in India benefits startups since it offers them an advantage over those who have not registered. The process of registering your company is complex and involves many compliances. However, you needn’t worry as long as you have Vakilsearch as our professionals can help you with every step of the private limited company registration process.
Step 1: Obtain DSC
Step 2: Apply for the DIN
Step 3: Application for the name availability
Step 4: Submission of MoA and AoA to register a private limited company
Step 5: Apply for the PAN and TAN of the company
Step 6: RoC issues a certificate of incorporation with a PAN and TAN
Requirements for PVT Ltd Registration in Bangalore
Minimum Shareholders: A PVT Ltd registration must have a minimum of two shareholders and a maximum of 200 shareholders.
Directors: A PVT Ltd registration must have a minimum of two directors, and at least one of them must be a resident of India.
Name Approval: The first step in registering a PVT Ltd registration services in Bangalore to get the name approved by the Registrar of Companies (ROC). The name should be unique and not similar to any existing company or trademark.
Digital Signature Certificate (DSC): All the directors and shareholders must obtain a digital signature certificate, which is required for filing the registration documents online.
Director Identification Number (DIN): All the directors must obtain a DIN, which is a unique identification number issued by the Ministry of Corporate Affairs.
Memorandum of Association (MOA) and Articles of Association (AOA): The MOA and AOA are the two main documents required for registering a PVT Ltd company. The MOA defines the company’s objectives and activities, while the AOA defines the rules and regulations for the company’s management.
How much is the cost of a PVT Ltd Registration in Bangalore?
The cost of registering a PVT Ltd Registration cost in Bangalore typically includes the following components:
Government Fees: This includes the fees payable to the Ministry of Corporate Affairs (MCA) for filing various forms and documents required for company registration.
Professional Fees: This includes the fees charged by the professional consultants, such as Chartered Accountants or Company Secretaries, who assist with the company registration process. The fees may vary depending on the complexity of the company structure and the services provided.
Stamp Duty: This is a state-specific fee levied on the authorized capital of the company and may vary from state to state.
How to get a PVT Ltd Registration in Bangalore?
It’s important to note that the process of registering a PVT Ltd Registration consultant in Bangalore can be complex and time-consuming. It’s advisable to seek the help of a professional service provider. We can guide you through the entire process and ensure compliance with all the legal requirements.Contact our experts by visiting or sending an email with your requirements.
Why Bizivalue ?
Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.
– Shields from personal liability and protects from other risks and losses.
– Attracts more customers
– Procures bank credits and good investment from reliable investors with ease.
– Offers liability protection to protect your company’s assets
– Greater capital contribution and greater stability
– Increases the potential to grow big and expand
– You will also get Zero Balance Current Account
Complete Process
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Frequently Asked Questions
The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
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