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Private Limited (Pvt Ltd) Company Registration in Bangalore, India

Get Pvt Ltd Company Registration Within 10 Working Days

PRIVATE LIMITED COMPANY REGISTRATION





    2,999 + GST + Govt. Fee
    Limited Time Period Only. No Hidden Charges

    Overview

    Private Limited Company is one of the most stable and much used business structure in India owing to its stability and availability of limited liability protection. Registration is to be done with Ministry of Corporate Affairs (MCA). For private limited company registration in Bangalore, there should be a minimum two shareholders and 2 directors and the maximum number of shareholders can be 200. New company registration process is online and each of the Directors should have a Director Identification Number (DIN) and subscribers have to procure a Digital Signature for registration. Process of incorporation is online and it takes 10-15working days from the date you give your complete documents to us and subject to availability of the proposed name.

    How to register a Private Limited Company?

    With the help of experts at Legalsyne, you can easily register your Private Ltd company without any hassle. Private Limited Company has shareholders and directors. This business structure is ideal for entrepreneurs who need external sources of funding.

    Requirements for Pvt Ltd Company registration Online in Bangalore

    • A Private Limited Company can be incorporated with a minimum of two shareholders and two directors.
    • At the initial time of incorporation, a maximum of 3 directors is allowed.
    • All the directors must have a Digital Signature Certificate (DSC).
    • Even foreign nationals and NRIs can be directors.
    • Shareholders and directors can be the same person.

    Minimum Paid-up capital and Authorized capital requirement

    • Minimum paid-up capital for a Private Limited Company is Rs. 1 Lakh.
    • would be best if you prescribed the authorized capital in MOA and AOA during its incorporation.

    How to name your new Private Limited Company?

    Naming your new company can be an exciting yet challenging task. However, it is vital to follow a few naming guidelines set by the Registrar of Companies (ROC) while selecting a name for your new company. Follow the rules and get your company name approved in no time.

    Preferred Format accepted by the MCA

    • Unique Component + Descriptive Name + Private Limited.

    Unique Component

    • For instance, in Legalsyne Consultants Private Limited, Legalsyne is a unique component. After you come up with a name, you need to ensure that no other company name has been registered with a similar name. While searching for your unique component think creatively.
    • In the case of unique components, abbreviations, adjectives and generic words are not allowed. The names like BBC or XYZ would be easily rejected.

    Descriptive Name

    • From the above example, Legalsyne comes under a consulting category. The descriptive name depends on the type of business.

    Check the availability of the company name

    • Your company name should be unique and needs to get approval from the ROC. Search and look for a unique name for your company.

    Check for a trademark if any

    • It is impossible to register your company name if there is an existing trademark with a similar name.

    List of things to consider when selecting a company name

    • Choose a unique name and not an undesirable name
    • Ensure that the name is not generic
    • Do not use abbreviations in the name
    • Do not include the country’s name
    • Do not use a name that is associated with the foreign government

    Private Limited Company Registration Process

    Step 1 – Obtain Digital Signature Registration (DSC) As the registration process is online, the forms require a digital signature. DSC is mandatory for all subscribers and witnesses in MOA and AOA. There are two different categories of DSC. In the Class 2 category of DSC, your identity is verified against a pre-verified database. In the Class 3 category of DSC, you need to present yourself before registering authority to prove your identity.
    Step 2 – Submission of the company’s name with an objective After following the name availability guidelines, be sure that the proposed name is unique. This step involves the submission of your company name along with the objectives.
    Step 3 – Drafting MOA and AOA MOA is Memorandum of Association and AOA is Articles of Association. Both are legal documents that are prepared in the formation and registration process of a Private Limited Company. MOA contains the objectives of the company while AOA contains the rules and regulations of a company, defining the company’s purpose. AOA also specifies the process of appointing directors and the handling of financial records.
    Step 4 – Filing of MOA and AOA with MCA The name of the company must have “Private Limited” as the last words. After drafting MOA and AOA, both the documents need to be filed with MCA for the approval.
    Step 5 – Obtaining Certificate of Incorporation from MCA After all the documents for Private Limited Company registration are processed and approved by MCA, you will receive a registration certificate from MCA.

    Documents Required for New Company Registration

    You need to have the following set of documents before proceeding for registration:

    • Self-attested PAN card copy
    • Self-attested Govt Address proof (Passport or Driving Licence or Voters ID or Aadhar Card)
    • Self-attested Latest Bank Statement or Mobile Bill or Gas (Not older than 2 months)
    • Proof of Registered Office (electricity bill or landline bill or Mobile Bill or Gas Bill not older than 2 months)
    • Rent agreement between the proposed director and landlord and No Objection  (NOC) from the person who owns the property mentioned above.

    Other details required:

    • Main Objective of the Company- Proposed activities of the company
    • Proposed names for your company

    How much does it cost to register a company in Bangalore?

    The private limited company registration cost is Rs. 9449.

    The company registration cost includes:

    • Government Fees
    • Professional fees
    • CIN
    • MOA and AOA of the company
    • PAN and TAN of the company
    • Assistance in the bank account opening

    How much time does it take to complete your Private Limited Company registration process in Bangalore?

    It takes 10 days to complete the Private Limited Company registration process.

    Why Legalsyne to register a Private Limited Company in Bangalore?

    Legalsyne, founded in the year 2014, helps various businesses in the private limited company registration process.With over 20 years of experience in corporate laws, finance and taxation, 1000 plus businesses have been incorporated. We provide end-to-end business registration services in India, delivering quality services in a professional and time-bound manner. If you are looking for company registration, let our team of experts help you.Read also: 7 COMPANY REGISTRATION MISTAKES THAT LETS YOU DOWN, 8 BENEFITS OF INCORPORATING PRIVATE LIMITED COMPANY,   7 TO KNOW FACTS ABOUT BANGALORE COMPANY REGISTRATION,  GUIDE TO SOFTWARE COMPANY REGISTRATION IN INDIA,  9 STRONG REASON TO REGISTER A PRIVATE LIMITED COMPANY, REQUIREMENTS TO START AND REGISTER A PRIVATE LIMITED COMPANY

    Formation Private Limited Company Limited Liability Partnership Partnership One Person Company (OPC) Sole Proprietorship
    Do I need a Registration? Yes, Ministry of Corporate Affairs registers Private limited company under the Companies Act, 2013 Ministry of Corporate Affairs registers an LLP business under the Limited Liability Partnership Act, 2008. Yes. Register with Registration of Firms Yes, Ministry of Corporate Affairs registers One Person Companies under the Companies Act, 2013 No legal requirement to do-so.
    What type of business names can I keep? Firstly, submit a set of names to Registrar of Companies, wait for approval from Registrar. Best practice is that the names submitted must be inoffensive, legal and not similar to any registered LLP’s or companies Firstly, submit a set of names to Registrar of Companies, wait for approval from Registrar. Best practice is that the names submitted must be inoffensive, legal and not similar to any registered LLP’s or companies. Firm can use any name that he likes, but avoiding names already trademarked is advisable. Firstly, submit a set of names to Registrar of Companies, wait for approval from Registrar. Best practice is that the names submitted must be inoffensive, legal and not similar to any registered LLP’s or companies Promoter can use any name that he likes, but avoiding names already trademarked is advisable.
    How risky is it for me? Private Limited Company is a separate legal person in the eyes of law, registered under Companies Act 2013. So, the shareholders are not responsible for business liabilities. “LLP” is a separate legal person in the eyes of law, registered under LLP Act 2008. So, the partners are not responsible for business’ liabilities. Partners will stand liable for the liabilities of the business. OPC is a separate legal person in the eyes of law. So, the share holder is not responsible for business liabilities. Promoter will stand liable for the liabilities of the business. Because the business is not considered as a separate legal person/entity.
    To what extent is each member of the business liable? Liability is limited to his/her share capital contribution. Liable to the extent of their contribution (in money, in kind or in services extended) to the LLP. Unlimited liability. Liability is limited to his/her share capital contribution. Unlimited liability.
    Tell me the minimum membership limit. 2 People 2 People 2 People 1 People 1 People
    Is foreign ownership allowed? Yes Yes No NA NA
    How much will I get taxed? Profits get taxed at 25% plus cess and surcharge is applicable if profit exceeds 1 Cr. Profits get taxed at 30% plus cess and surcharge is applicable if profit exceeds 1 Cr. Profits get taxed at 30% plus cess and surcharge is applicable if profit exceeds 1 Cr. Profits get taxed at 25% plus cess and surcharge is applicable if profit exceeds 1 Cr. Individual income tax slab of proprietor is the basis of taxation.
    What are my annual tax filing norms? Every financial year Private Limited Company must file Annual Accounts and Annual Return with the Registrar of Companies. Plus, Income Tax must be filed separately. Every financial year Annual Statement of Accounts & Solvency and Annual Return with the Registrar.Plus, Income Tax must be filed separately. Only Income Tax must be filed for the income of firm and partners. Every financial year OPC must file Annual Accounts and Annual Return with the Registrar of Companies. Plus, Income Tax must be filed separately. Only Income Tax must be filed on the basis on proprietor’s income.
    Is Annual Audit Required? Statutory audit is to be conducted irrespective of business transaction and turnover. Income tax audit is applicable if turnover exceeds 2 Crs Statutory audit is to be conducted if partners contribution exceeds 25 lakhs or turnover exceeds 40 lakhs. Income tax audit is applicable if turnover exceeds 2 Crs Only income tax audit is applicable if the turnover exceeds limit of 2 Cr Statutory audit is to be conducted irrespective of business transaction and turnover. Income tax audit is applicable if turnover exceeds 2 Crs Only income tax audit is applicable if the turnover exceeds limit of 2 Cr
    Can I convert my business into any other legal form?? Yes, Private Limited Company can be converted into a Public Company or LLP. Even, Public Limited Company can be converted into a Private Limited Company. Yes, Private Limited Company can be converted into a Public Company or LLP. Even, Public Limited Company can be converted into a Private Limited Company. Yes, Partnership can be converted into a Private Limited Company or LLP. OPC could be converted into any legal form. But, it depends on the number of promoters, business operations, funding requirements and other factors. Limited Liability Partnership or Private Company is preferred by promoters when seeking expansion of their OPC NO
    Compulsory Conversion to Private Limited Company Applicable? NO NO NO NO Yes. If turnover exceeds 2 cr

    Faq

    What is a Private Limited Company?

    It is a privately held business entity incorporated under the Companies Act, limits owner liability to their shares and limits the number of shareholders to 50.

    How is it different from a Public Limited Company?

    A public limited company can offer its shares to the public and owner liability subject to their shares.

    What are the members of a company called?

    Members of a company are called Shareholders

    How much time is required for private limited company registration in Bangalore?

    Incorporation process is fully online now. After submission of scanned documents and approval of the name of the company, incorporation will take about 15 working days.

    Is it difficult to get a name of my choice for my company?

    Getting a name of your choice is easy if you follow few basic guidelines such as similar names of existing companies or similar sounding names or those containing prohibited words such as Government, Bank, Exchange etc unless otherwise approved by the respective authorities.

    Is it necessary for me to obtain a digital certificate for pvt ltd company registration?

    Since documents are filed electronically, Digital Certificate (DSC) is mandatory. Once obtained, you can use this DSC for various other purposes where a digital signature is required.

    Is it necessary to audit the books of accounts of a company?

    It is necessary to appoint an Auditor within 30 days of incorporation of a company. Non-appointment can also attract heavy penalty.

    Why should I go for private limited company registration in Bangalore?

    Angels, Seed Funds or Venture Capitalists only fund a Private Limited Company, Liability of the shareholders is Limited to their Shareholding. So if there is loss also, shareholders will not suffer beyond their Unpaid Share Capital

    What type of business names can I keep?

    Firstly submit a set of names to Registrar of Companies, wait for approval from Registrar. Best practice is that the names submitted need to be in-offensive, legal and not similar to any registered LLP’s or companies.

    What are the suffixes that apply to my business name?

    “Private Limited Company” (PVT LTD). This suffix should be at the end of the company name.

    How risky is it for me?

    Private Limited Company is a separate legal person in the eyes of law, registered under Companies Act 2013. So, the Directors or Shareholders are not responsible for business’s liabilities.

    To what extent is each member of the business liable?

    Director is liable only to the extent of their share capital contribution.

    To what extent is each member of the business liable?

    Director is liable only to the extent of their share capital contribution.

    What is the minimum membership limit for a company?

    Person 200 shareholders or members

    Is foreign ownership allowed?

    Foreigners are allowed to invest via automatic approval route (without red tape) in many of the sectors

    Can the business ownership be transferred?

    Yes. You can contact our company registration consultants in Bangalore for all support during transfer.

    What factors influence the existence or continuance of the business?

    Discontinuance of a Private company could happen voluntarily or by regulatory action. Private company has to follow a due process and wait a certain span of time to dissolve. The will of Directors or Shareholders can’t assure fast dissolution.

    What are articles of association and memorandum of association?

    Article of association contain the purpose of the business and it also lay out duties and right of its members. Memorandum of Association defines the company’s relationship with shareholders and others

    What are the company taxation norms that I need to know before going for pvt ltd company registration?

    Profits get taxed at 30% plus surcharge and cess is also applicable.

    How many board meetings should I be conducting?

    All companies must hold a board meeting once every 3 months. Annual general meetings are expected to be conducted periodically on an annual basis.

    What are my Annual tax filing norms?

    Every financial year Private companies must file Annual Accounts and Annual Return with the Registrar of Companies. Plus, Income Tax must be filed with Income Tax department.

    Can I convert my business into any other legal form?

    Yes. Private Limited Company can be converted into a Public company. Even, Public Limited Company can be converted into a Private Limited company. Our company registration consultants in Bangalore can help you with the process.

      Required fields are marked *
      9090 /-
      Basic Package
      • Company registration includes
      • 2 DSC,
      • 2 DIN,
      • Memorandum of association,
      • Articles of association Incorporation fee payment,
      • Stamp Duty Payment *,
      • PAN,
      • TAN,
      • Bank Account Opening (Virtual),
      • A Compliance Calendar,
      • Form INC 22
      26,999/-
      Standard Package
      • Company registration includes
      • 2 DSC,
      • 2 DIN,
      • Memorandum of association,
      • Articles of association Incorporation fee payment,
      • Stamp Duty Payment *,
      • PAN,
      • TAN,
      • Bank Account Opening (Virtual),
      • A Compliance Calendar,
      • Form INC 22
      • Declaration of Commencement of business (Form INC 20-A)
      • PT (employer) registration
      • Shop and establishment registration certificate
      • IE code Registration
      • MSME registration
      • GST registration
      44,499/-
      Premium Package
      • Company registration includes
      • 2 DSC,
      • 2 DIN,
      • Memorandum of association,
      • Articles of association Incorporation fee payment,
      • Stamp Duty Payment *,
      • PAN,
      • TAN,
      • Bank Account Opening (Virtual),
      • A Compliance Calendar,
      • Form INC 22
      • Declaration of Commencement of business (Form INC 20-A)
      • PT (employer) registration
      • PT (employee) registration
      • Shop and establishment registration certificate
      • Basic start up registration (DPIIT recognition)
      • Convening of the First Board meeting, Preparing and printing of share certificates, Statutory Registers (hard copies)
      • IE code Registration
      • MSME registration
      • GST registration
      • Quick book license
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      The Key Advantages of Incorporating a Private Limited Company are listed below

      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-02.png

      Easy to Form

      Incorporating a Private Limited Company is quite simple. Two people can form a private limited company in 10-15 days.
      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-01.png

      Limited Liability

      Shareholders would be liable to any financial risks only to the extent of capital invested by them in the company.
      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-04.png

      Easy Access to Funds

      Private Limited Companies can receive funds and issue share or debt instrument to the investor. It is the most preferred form of entity for Venture Capital investments.
      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-03.png

      Easy to expand

      Private companies can be converted into public companies. This gives it the flexibility to expand and even go for Initial Public offerings in the long run.
      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-02.png

      Elevated Legal Status

      Private Limited Companies’ artificial person status allows it to enter into a contract, sue and also be sued without holding the members or directors liable.
      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-01.png

      Share Valuation

      Since Private Limited companies have the concept of shareholding, it can be valued to show company’s financial strength and makes it easy for allotting shares to investors and employees.
      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-04.png

      Enhanced Brand value

      Private Companies benefit from better brand exposure compared to One Person Company or Limited Liability Partnership.
      https://legalsyne.com/wp-content/uploads/2019/03/icon-service-03.png

      Easy to Exit

      If for some reason a company is not doing well, the promoter has the option to exit the business. Fast Track Exit (FTE) is one of the main highlights of a Private Company that allows winding up in 3 months time.

      OTHER SERVICES OFFERED BY LEGALSYNE

      Bookkeeping and Accounting

      ROC Filing

      LLP Annual Filing

      Digital Signture

      GST Registration

      GST Return Filing

      LLP Registration

      LLP Closure

      OPC Registration

      Firm Registration

      Payroll Companies in Bangalore

      Winding Up of A Company

      Proprietorship Registration

      Trademark Registration

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      Come and visit our quarters or simply send us an email anytime you want. We are open to all suggestions from our faithful clients.
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        #179/2, GVR Ikon, 10th A Main Road, Double Road, Indiranagar 2nd Stage, Bengaluru-560038
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        Legalsyne Headquarters
        #179/2, GVR Ikon, 10th A Main Road, Double Road, Indiranagar 2nd Stage, Bengaluru-560038
        Our locationsWhere to find us?

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        Copyright by Legalsyne . All rights reserved.

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