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Company Registration in Bangalore

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Fastest Company Registration In Bangalore | Same Day Process

Register your startup company as private limited with Online Legal India™ at the lowest Fees. Online Legal India is an MCA (Ministry of Corporate Affairs) & MSME registered company in India. Our experienced (10 Yrs+) CA/CS will draft & complete all the documentations on the same day.

Setting up a successful business is the dream for all entrepreneurs but to accomplish your dream you need to first complete your company registration in Bangalore. Online legal India is India’s number one online legal platform that provides all the legal assistance to its customers. Here you can get your company registered in a few simple steps under the supervision of the experts.

Overview

Private Limited Company registration in Bangalore is one of the popular forms of business entities. Approximately 90% of companies in India are registered under Private Limited Company. There are more than 150,000 companies that are being registered on a yearly basis. It is a separate legal entity with limited liability and perpetual existence incorporated now under the Companies Act, 2013.

Why Should You Go for It?

Company registration in Bangalore is the most preferred business instrument that gives you a beneficial position. If your company is registered then it will create a better brand value and recognition helping you to attract more customers. After the company registration has been done you can apply for other services like GST, import-export code and many others. Now let us discuss our plan so that you can understand it in a better way.

At first, you need to understand the criteria that you have to fulfil under the procedure of company registration.

  • Reservation of Name
  • Digital Signature Certificate
  • Incorporation Certificate

Documents required for Company Registration in Bangalore

Owner/Director’s Documents

  • Directors PAN
  • Directors ID proofs (Aadhar Card, Pan Card, Passports, Driving License)
  • Directors Address proof
  • Latest One Month Savings Account Statement
  • Latest mobile phone bill or electricity bill.
  • Passport size photograph
  • E-mail ids
  • If, Foreign Director International passport mandatory.

Companies Documents:

  • Registered office address
  • Company PAN Card.
  • Lease or Leave and license agreement if the land is rented or taken as leased.
  • NOC from the landlord.
  • Process of Company Registration in Bangalore
  • Fill the form and make the required payment for the application.
  • Post-Payment the experts will call back and proceed accordingly.
  • A draft regarding how to register a pvt ltd company will be made.
  • The DIN Number and the DSC will be applied for.
  • AOA and MOA are the next document that needs to be submitted for approval.
  • All documents are then sent to the Registrar Of Companies (ROC) of the concerned state for registration and incorporation.
  • Once all the process is done it is just a matter of time before one gets to register a company.
  • After the private limited company registration in Bangalore, the document is then sent to the person.
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Online Legal India is now recognized by Department for Promotion of Industry and Internal Trade under Startup India.

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ISO 9001:2015 CERTIFIED

Online Legal India is a ISO certified body, assuring the quality professional services to aspiring startups.

Advantages of Becoming Company Registration in Bangalore

  • If a private limited company was in financial trouble and had to close, shareholders would not risk losing their personal assets.
  • Under the Startup India scheme you can avail lot of the benefits like raise the funds, subsidy for the trademark registration etc.
  • It is easier to subscribe or leave the membership of the company. Also it is easier to transfer the ownership.
  • As business Corporation value will be based on the business, not the owner, therefore making it easy to sell the company.
  • The company shall continue to exist till it's wound up in accordance with the provisions of the relevant law.
  • As per Companies act 2013 a company can sell shares to the public or can accept deposits from public and can therefore raise money easier than other business structure types.
  • A Company as a legal entity is capable of owning its funds and other properties. The property of Company is not the property of its shareholders.
  • Companies are governed by the companies Act, 2013 and have to follow various other regulatory procedures during the course of its governance.
  • Companies are often taxed at a lower rate and are provided with better taxable benefits as compared to other forms of business organization.
  • As a juristic legal person, a company can sue in its name and be sued by others.

Frequently Asked Questions (FAQs)

The Ministry of corporate affairs (MCA), Government of India reduced the fee for private limited company registration in Bangalore, but you cannot register your business for free. The charges are minimal but they are not free.

The One Person Company (OPC) may be transformed right into a Private Limited Company (PLC) as per Section 18 of the Companies Act, 2013 and the provisions of Companies (Incorporation) Rules of 2014. The conversion of OPC right into a private limited company will now no longer have an effect on the prevailing debts, liabilities, duties or contracts of the OPC. The necessities which are important for the conversion of OPC are changes with inside the Memorandum of Association (MOA) and Articles of Association (AOA) of the OPC (As consistent with the provisions supplied in phase 18 of the Companies Act, 2013, alongside phase 122 of the Act). For incorporating a personal constrained organization their desires to be no less than contributors and directors. To follow for conversion of OPC to a personally constrained organization, you want to fill the shape INC-6, to the Ministry of Corporate Affairs, Govt. of India.

Company registration in Bangalore is a scrutinizing process and thus there are few companies that get rejected under certain rules. Some of the rules are:

  • The name does not align with the principles or objectives of the company.
  • A translated name of a reputed brand name.
  • Phonetic resemblance to an existing company
  • Includes words that are offensive to any community.

These are some of the major points out of many other points of rejection.

Digital Signature is a digital code that is attached to the documents to signify equal authority as of the handwritten signature on the document. It is the proof for the authenticity of the document by the owner of the company.

Director Identification Number is an 8-digit identification number that is unique. It is allotted to every individual wanting to become a director or is already a director by the central government. The DIN once allotted has a lifetime validity. The DIN helps the government keep track of all the directors. It is used on all official documents that requires the signature of the Director.

There are various types of company registrations in Bangalore that are available in India that one can register for: They are:

  • One Person Company (OPC)
  • Private Limited Company
  • Public Limited Company
  • Limited Liability Partnership (LLP)
  • Section 8 Company

Authorized Capital and Paid-up Capital? Answer: The Capita of a company is the money given by the shareholders to conduct the business activities. It is mandatory under the Capital clause of the Memorandum of Association (MOA). The main differences between the authorized capital and the paid-up capital of a company are described below.

Authorized Capital

  • The Authorized Capital is the maximum amount that a company can legally authorize for the issue to the shareholders.
  • The amount should be more than that of the paid-up share.
  • Authorized capital can be augmented anytime with the prior permission of the shareholders.

Paid-up Capital

  • The Paid-up Capital is the amount of money actually amount paid by the shareholders.
  • Under the Companies Amendment Act of 2015, the requirement of having a minimum prescribed paid-up share capital has been removed.

For the company registration in Bangalore various documents are required to be submitted. The required documents are:

  • Directors & Shareholders Documents
  • Passport size photograph
  • PAN Card Copy (mandatory)
  • Address Proof (Any one of the below)
    • Passport
    • Aadhar Card
    • Driving License
    • Voter ID
  • Residential Proof (Any one of the below)
    • Bank Statement
    • Electricity Bill
    • Telephone Bill
    • Mobile Bill
  • Registered Office Address Proof Documents
  • Office Property Ownership/Rental documents
  • Address Proof of Registered Office Premises

Providing these documents will enable a smoother registration process.

Digital Signature Certificates (DSCs)in the age of technology has become an integral part. A DSC is required for signing a document or application digitally. There are various reasons why a DSC is required and thus based on their requirements, one can obtain any one of the following three classes of digital signature certificate in India:

Class-1 DSC: This class of DSCs is issued to private subscribers and individuals to help them in securing their email communications, and authentication of their individual identity.

Class-2 DSC: These DSCs are issued to company directors and other signatory authorities of a company/firm/organization.

Class-3 DSC: This class of DSC is useful for participation in e-Tenders and e-Auctions, conducted anywhere in entire India.

MOA stands for Memorandum of Association whereas AOA stands for Articles of Association. Both the documents are important sources of information for shareholders and other stakeholders of a Company.

MOA is used in providing information regarding:

  • Name
  • Aims
  • Objectives
  • registered office address
  • the clause regarding limited liability
  • minimum paid-up capital
  • Share capital of the Company.

It helps understand the relationship of a Company with the others.

AOAs on the other hand helps provide the necessary documents when the company is incorporated with the Registrar of Companies (ROC). AOA and MOA in conjunction are called the Constitution of the Company.

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