Bengaluru, the IT hub of India, offers a favourable business environment that combines strategic location, supportive government policies, skilled workforce, robust infrastructure and a vibrant start-up ecosystem. Thus, choosing to register your company in Bengaluru can provide many advantages and opportunities for growth.
What are the Benefits of Private Limited Company Registration in Bengaluru?
Registering a private company in Bengaluru has a number of advantages due to its strategic location. Some advantages are:
- Access to Growth Opportunities on private limited company registration in Bengaluru:
Bengaluru's dynamic business environment offers ample growth prospects, fuelled by access to a vast consumer base and thriving industries. Such an ecosystem allows other ventures to find solid ground for their Company Registration and growth.
- Networking and Collaboration:
Connect with a diverse network of businesses, startups, and industry professionals in Bengaluru, fostering collaborations, partnerships, and knowledge-sharing.
Bengaluru's pool of talented professionals and skilled labour force enables your company to thrive and excel in its operations. Such skilled workforce is a standout point for Bengaluru, which enables industries to find employees in no time.
Bengaluru's strategic location provides excellent connectivity, logistical advantages, and access to transportation networks.
What are the Eligibility criteria for Private Company Registration in Bengaluru?
The criteria to be met for eligibility for Private company registration in Bengaluru comprises:
- Minimum of two directors for Private Limited Company or two designated partners for LLP.
- Registered office address in Bengaluru.
- Unique company name that is not similar to any existing company or trademark.
- Determination of authorised capital and paid-up capital during incorporation.
- Obtaining valid Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) before commencing operations.
Documents Required for Private Limited Company Registration in Bengaluru
When registering a company in Bengaluru, many important documents are needed to be provided, which serve as essential proofs and legal requirements under the law of the country. The documents needed for company registration in Bengaluru have been given under:
- Copy of PAN Card of directors
- Passport size photograph of directors
- Aadhar Card/Voter identity card of directors
- Copy of Rent agreement (If rented property)
- Electricity/Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC
- Memorandum of Association and Articles of Association
What is the Process for Private Company Registration in Bengaluru?
The procedure of registering a Private Company in Bengaluru usually involves the given steps:
Step 1: Eligibility requirements
- Ensure that you meet the eligibility criteria for incorporating the specific business entity.
Step 2: Obtain the Digital Signature Certificate and Directors Identification Number for Directors
- Apply for DSC and DIN through the online portal of the Ministry of Corporate Affairs (MCA).
- These certificates are essential for digital authentication and identification of the directors.
Step 3: Reserve the company name
- File an application to reserve the desired company name.
- The MCA will conduct an online search to check the name's availability and allocate it accordingly.
Step 4: Draft legal documents
- Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for the company.
- Seek guidance from some skilled professionals like at StartupFino to ensure compliance with legal and regulatory requirements.
Step 5: Pay fees to the Registrar of Companies (RoC)
- Submit the necessary fees, including stamp duty and processing fee, to the RoC.
- Follow the prescribed fee structure and guidelines.
Step 6: Review and verification by the RoC
- The regional RoC office in Bengaluru will review and verify the details provided in the application.
- Upon satisfactory verification, the RoC will issue the certificate of incorporation.
Step 7: Obtain additional registrations
- After receiving the certificate of incorporation, apply for the Company PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) for tax-related purposes.
- Depending on the nature of the business, additional registrations or licences may be required.
Why Choose StartupFino for Private Limited Company Registration in Bengaluru?
StartupFino is a company that specialises in offering complete services for Private Limited Company registration in Bengaluru. We can help you with all requirements from providing advice in the initial phase to ensuring that you meet all the necessary requirements, while also keeping your Company in good legal standing in Bengaluru.