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The complete registration procedures for your new company registration in Bangalore and know the types of company registration.
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Company registration in Bangalore • The most popular place for starting your new business start up is Bangalore city. There are many peoples from different places have started their new company in Bangalore. Most of the important information technology placed companies are located in Bangalore. Every new companies have their plan for secured business and safe transactions. Bangalore is the second largest information technology companies in India. Once a company is confirmed their business in Bangalore, then the business service will be developed in a few months.
Company registration Procedures in Bangalore • Today, people may be know about the types of business they are going to proceed. But not everyone have the knowledge of the company registration procedures. Based on the business requirements and the nature of jobs included the legal form for the business can be choose. The company registration have certain regulations. As you know there are various types of business is existing in India to get register in any specific legal form as per the guidelines. • If you don’t have a knowledge about your new company registration process. It is advisable by approaching a Company registration consultants in Bangalore. They will give you a guidance of your registration procedures. Some people many not have the plans to execute their business deeds in the right way. So those people will get help for the business services from consultants like Solubilis in Bangalore. We are the leading company registration consultancy focusing to the market of business registration only in the city for our precious investor in Bangalore. Mostly the private limited companies are suggested and preferred for many business people in India.
Company Registration Types in Bangalore • Before starting a business it is very crucial for the business person to set up a blueprint of his business. It contains a business plan which act as a way for planning. Starting a company in Bangalore requires one to decide a form of business entity. In India one can select from five different kinds of legal entities to manage business. • This involves Limited Liability partnership (LLP), One Person Company, Private Limited Company, Public Limited Company, Partnership Firm and Sole Proprietorship. The most important documents is to be submitted in Memorandum of Association (MOA) and Articles of Association (AOA) for incorporation of a company. In Bangalore, the company registration is to be done within 10 to 15 working days in Bangalore.
Incorporating a Company • The incorporation of a company is the approval of the name by the (ROC) Registrar of Companies in Bangalore. • The approval is produced subject to certain provisions. • An existing company has the same name, In the case of a private limited company, the last words of the name is to be “Private Limited”. • In the case of a Public limited company, the last words of the name is to be “Limited”. • The application should noticed at least four eligible names of the proposed company.
Incorporating a Company • The Registrar of Companies (ROC) normally announces the applicant within 7 days from the date of the application. • Whether the name is available or not. • Once the name is approved by the registrar, it has a period of six months validity. • The documents should be filed within the period of Memorandum of Association (MOA) and Articles of Association(AOA) together. • If the documents should not file within a period of six months, then paying an additional fee for their name is to be renewal. Once the company name is approval, it takes two to three weeks to incorporate a company. In Bangalore it takes 10 to 15 days.
Stamps and fees on registration • Cost of registration • Stamps and fees are payable by a company seeking new registration. • Stamps • Stamps are to be affixed on articles, memorandum and on the declaration to be filed in Form No.1 of the Companies (central government) general rules and forms. • Fees • Fees are payable on the new company registration and also for filing the Articles of Association(AOA) and Memorandum of Association (MOA) in the case of a company having share capital.
Private Limited Company Registration • Private Limited Company is one of the important business entity in India. A company is that the financial liability of shareholders is limited to their shares. This Company shares are owned by Directors and Promoters. Private Limited Companies minimum number of shareholders should be 2 only and maximum 50. It is compulsory to register your company in India. If anyone to know how to register a private limited company. We can guide you to the complete registration process.
Digital Signature of Directors • Digital Signature Certificates (DSC) is an electronic format of physical or paper certificates. Few Examples of physical certificates are drivers’ licenses, passports. It can be presented electronically to prove one’s identification, to make services or information on the Internet or to sign certain documents digitally. For company registration, DSC is required to incorporate your company.
Director Identification Number • Director Identification Number (DIN) is a unique identification number given to an existing or potential director of any company which is incorporated. The main purpose of DIN was to keep the data base of the Directors of incorporated companies and completed information about the directors so they not able to cheat anyone. • Name Availability Check & Application for Name Reservation/ Approval. • Minimum Requirements 2 share Holders and 2 Directors (share Holders and directors can be same Person). • One of the directors shall be resident in India.
Basic Documents are needed for Director and shareholders • Proof of identity • Passport • Election (voter identity) card • Aadhar Card • Driving license • Proof of residence • Proofs Like as Electricity bill, Landline bill or Mobile Bill and should be in the name of applicant • Additional information Requirements • Rent Agreement • Place of Registered office of the Company EB Bill, Gas Bill, House Tax Receipt • NOC from the land owner for proof of Registered office of the Company
Name Availability • Company Registration in Bangalore starts with filing of an application for the name of the company. The chosen for your company name should be unique. Normally, the concerned ROC approves the company name within 2 days. If the applied name of your company is not same or similar to any other existing company name, the proposed name is in accordance with the regulations for availability of name is provided by the Ministry of Corporate Affairs (MCA).
Documentation • On obtaining the company name from ROC, the following documents are required to be drafted in line with the needs of companies act under the rules 2013. • Memorandum of Association (MOA) • Articles of Association (AOA) • The MOA and AOA is finalizing your registration process, the necessary stamp duty requires to be paid the same. It should be signed/subscribed by the promoters in his own hand and signature. The promoter is writing his name, fathers name, residential occupation and address with his own handwriting. A registered company can approve these documents through a treater is certified by specific power of attorney by the company.
Filing and Registration • After completion of MOA and AOA, the following forms are filed in the MCA website: • Form 1 (Declaration) • Form 32 (Director Details ) • Form 18 (Registered Office of the company details). • The ROC office will audit the company incorporation documents. If the documents are found in laws, the Company will be registered and the registrar will issue the Certificate of Incorporation. • Private Company can start their business immediately after receiving the Certificate of Incorporation. As a leading business consultant in Bangalore, we help our customers to meet their required services with immediately.
Private limited company and LLP • The private limited company and (LLP) Limited Liability Partnership both company registration process for a business provided entire saving for the helps. The company registration is based up on the Company’s act 2013 to every business entities. There are certain procedure for incorporating every company registration process in Bangalore. • The nature of business and the persons related in it subjects for the decision of top legal form to register. There are some legal forms in India can be suit to register for the companies. The most important business entity is Private limited company and (LLP) Limited Liability Partnership company. Here we are known about the basic differences in LLP company and Private limited company registration in some factors. There are certain legal forms as follows for both private limited company registration and LLP company registration.
Company Registration Process • The private limited company registration and LLP company registration has processed under the Ministry of Corporate Affairs. But, the both company’s act has may be varied. There are certain rules for incorporating every company’s in India. When you are compared to other states in India, the private limited company registration mostly done in Bangalore cities.
Limited Liability Partnership (LLP) • The Limited Liability Partnership (LLP) has two forms of business associations namely the ” company ” and the ” partnership firm “. Every limited liability partnership have at least two directors. The LLP company registration is processed with the ministry of corporate affairs (MCA) under the LLP act 2008. • Any individual or body corporate is a partner in LLP under the act 2008. Any person who becomes a partner in LLP in accordance with the LLP agreement. An LLP is body corporate incorporated and formed under the LLP act 2008. It is a legal entity apart from that of its partners. Upon registration, an LLP shall become a separate legal entity. • Every LLP have two designated partners and It is mandatory one of them is a resident in India. Every partner in the LLP may take part in the company managements. The LLP use the word ” Limited Liability Partnership ” or “LLP” as the last of the company name. A LLP registered under the LLP act 2008.
Private Limited Company • A private company can have a maximum of 200 members, up from 50 in the companies act 1956. The private limited company registration contains two or more persons to be formed a private company under the act 2013. The name ” Private Limited” is included with your company name at the last word. The registration of a company is processed with the ministry of corporate affairs (MCA) under the act 2013. • If a company limited by shares, that members liability is limited with outstanding amount , if any on the shares held by them. In the case of a company limited by guarantee, the amount is contributed with each members of the company. The private limited company has a separate entity and it is being registered under the companies Act 2013. On the registration of the memorandum of a company, the registrar issued a certificate that the company is incorporated.
