How to Start a company in Bangalore ?

incorporation

The Company registration is managed by the companies act 2013 and handled by the (MCA) Ministry of Corporate Affairs through the offices of the (ROC) Registrar of Companies in all the state. It is mandatory to register your company in Bangalore.

Here we see some of top business entities and its registration procedures.

 

  • Public limited Company
  • Private Limited Company
  • One Person Company

incorporation-of-company

Private limited Company Registration Process:

Private Limited Company is the most popular legal structure of business. It can be chosen anyone looking for creating a scalable business.

  •  In a private limited company minimum 2 directors are required.
  • Minimum 2 shareholders in a private limited company.
  • The shareholders and directors can be the same persons in a company.
  • The minimum share capital to start a private limited company is Rs. 1,00,000
  • It is mandatory to getting DSC (Digital Signature Certificate) for any one of the directors.
  • DIN (Director Identification Number) for all the directors in a company.
  • Arranging the main purpose of the entity
  • Checking the availability of your company name
  • Forward your application for the availability of name with ROC
  • Your company name is approved, all the documents forwarding to ROC for incorporation
  • Registration fee must be paid
  • After all the registration process are completed, you receiving the incorporation certificate.

Public limited Company Registration Process:

The public limited company registration is also one of the important business entity.

  • Minimum 3 directors are required to incorporate your public limited company
  • The shareholders and directors can be the same persons in a company.
  • It is mandatory to getting DSC (Digital Signature Certificate) for any one of the directors.
  • DIN (Director Identification Number) for all the directors in a company.
  • The minimum share capital to start a public limited company is Rs. 5,00,000
  • Search for your company name availability and submitting the application with the ROC
  • Your company name is approved, all the documents forwarding to ROC for incorporation
  • Registration fee must be paid
  • After all the registration process are completed, you receiving the incorporation certificate.

One Person Company Registration Process: 

  • One Person Company or OPC formed under the companies act 2013 and an single owner or director can start their business.
  • The proposed director or an person to register their company on his name. The person or the proposed director shall submit the DSC in ROC and also provided their DIN.
  • The person can select their company name which is available. In case the proposed name is not available, the MOC will suggest some alternative names.
  • The Article of Association and Memorandum of Association shall arranged your documents with the help of ACS/CS to the proposed directors.
  • After paying the stamp duty and fees, the ROC is verifying your documents.
  • After all the registration process are completed, the proposed directors will get the Registration Certificate.

The following processes are involved in starting a Company in Bangalore.

  • It is mandatory to getting DSC (Digital Signature Certificate) for all the proposed directors.
  • Obtaining Director Identification Number (DIN)  from Ministry of Corporate Affairs (MCA)
  • Obtaining the company name is approved from Registrar of Companies (ROC)
  • Drafting of Memorandum of Association (MoA) and Article of Association (AoA) for obtaining  certification from the ROC.
  • Your documents and registration fees are forwarding to the ROC.
  • The Company registration fees are depends on the company’s authorized share capital.
  •  Company Identification Number (CIN) and Certificate of Incorporation is given from Registrar of Companies(ROC) in Bangalore
  • Apply for Permanent Account Number (PAN) for the new start up company
  • Obtaining TAN (Tax Account Number) from the concerned officer of the Income Tax Department in Bangalore, which is compulsory for TDS / TCS certificates.
  • If applicable, registering your Value added Tax,
  • Registering for Profession tax

 

 

 

 

 

 

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