Company Registration in Bangalore

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Private Limited Company Registration in Bangalore

Bengaluru is one of the faster-developing cities in India. It is an IT hub because it offers businesses several benefits. One of the main advantages of having a Company Registration in Bangalore is the accessibility of a highly qualified workforce, primarily professionals with a preference for technology. Bangalore’s state-of-the-art infrastructure and friendly company legislation create a robust start-up economic environment. Additionally, Bengaluru is home to top-tier tech firms like Amazon, Google, and Microsoft, demonstrating the city’s prominence on the global stage. Bengaluru is also a well-known hub for startups, attracting young talent from around the nation for many years. All of these indicators demonstrate enormous potential for company registration in Bangalore.

Various Business Registration Alternatives Offered to Business Owners

Private Limited Company Registration

Developing businesses that intend to raise capital in the future is best served by private limited entities.

One-Person Company

Appropriate for single person looking to start a business and take advantage of restricted liability.

Partnership Firm

The best option for a group of business owners looking to formalize their relationships, but the structure does not provide limited liability.

Limited Liability Partnership

When a small group of people is beginning a firm and does not need outside investors, a limited liability partnership is perfect.

Public Limited Company Registration

it has limited liability and offers public shares.

Nidhi Company Registration

It is a collection of people that want to make it simple for easy money to be available among themselves whenever needed.

Sole Proprietorship

A sole proprietorship is ideal for business owners who want to launch a venture quickly and formally.

Private Limited Company Registration in Banglore

A private limited type of business is appropriate for team entrepreneurs (co-founders) who want to launch a very formal and structured business model. The best option is “Private Limited” if the business owners predict receiving outside funding for their project soon.

Minimum requirements for Private limited Company Registration in Bangalore

Proposed Name: Two proposed names in the order of your choice.

Business Object: The business object means with the scope of working to be conducted by the company, it defines the core activity of the company.

Directors: There must be a minimum of two people, one of whom must be an Indian citizen. KYC documents and contact details are required for all directors.

Shareholders: At least two shareholders. Individuals and organizations can both be shareholders. KYC documents and contact details are required of all shareholders.

Electronic Signature: Since all documents are submitted electronically, a valid digital signature from each director and shareholder is required.

Address for Registered Office: Every business must have a registered office. The co-founders must present KYC documents for filing with the registrar.

Authorized and Paid-up Capital: Authorized capital for a company should be minimum Rs. 1,00,000 although the paid up capital could be Rs. 10,000.

Documents Required for the Private Limited Company Registration in Bangalore

  • All Indian shareholders and directors have both a PAN and an Aadhar card. For NRI shareholders and directors apostilled copy of passport.
  • Voter ID, a passport, or a driver’s license are acceptable forms of identification for directors and shareholders.
  • A recent bank account statement for the shareholders and directors as proof of address
  • The most recent passport-size photos of all the directors and shareholders
  • The most recent Utility Bill (Electricity, Telephone, Gas, and Water) for the registered office address. Agreement for rental of property and NOC from the owner.

Public Limited Company Registration in Bangalore

A limited company can only be incorporated as a “Public Company” if it has at least seven members and three directors. The maximum number of members in a public company is unrestricted. The word “Limited” should appear at the end of the corporation.

A corporation may offer shares to the public and take deposits from the public, subject to compliance with the Companies Act. Public limited businesses must adhere more strictly to several of the onerous clauses of the Companies Act when conducting business. Companies that need significant capital expenditures register as public limited companies.

Documents requirements for Public Limited Company Registration

  • PAN Card Copies of Directors(self-attested & attested by gazetted officer)
  • A copy of your voter ID, license, or passport (as ID Proof)
  • A copy of the most recent bank statement, an electricity or gas bill, or a phone or mobile bill( as Address proof)
  • 2 copies of the newest passport-size photos.
  • DSC for Directors

For Registered Office

  • A Copy of the recent rental receipt.
  • A copy rental agreement;
  • A copy of the most recent bank statement; an electricity or gas bill; a telephone or mobile phone bill; (as Address Proof)
  • A copy of a property deed or sale deed (in case of owned property)
  • A copy of the property owner’s certificate of no objection.

Minimum Requirement for Public Limited Company

  • A public limited company must have a minimum of seven shareholders.
  • A public limited company must have a minimum of 3 directors.
  • A share capital of at least Rs. 5 lakhs is necessary.
  • While submitting self-attested copies of identity and address verification, a digital signature certificate (DSC) of one of the directors is required.
  • A DIN is required for the proposed company’s directors.
  • They must fill out the form to choose the company name.
  • It is necessary to submit an application that includes the company’s principal object clause. What a firm will do after incorporation will be specified in this object clause.
  • They must apply for ROC along with the necessary paperwork, including the MOA, and AOA, correctly completed Form DIR – 12, Form INC – 7, and Form INC – 22.
  • To register, you must pay the ROC the applicable registration fees.
  • The organization shall apply for the “certificate of business commencement” after receiving the ROC’s blessing.

One-Person Company Registration in Banglore

One Person Companies (OPCs) were recently introduced as a significant advancement above sole proprietorships. The single stakeholder of the company shall be the lone individual. The One Person Company (OPC), a new type of corporation made possible by the Companies Act of 2013, is intended to foster the corporatization of micro-businesses and entrepreneurship. It adheres to regulations less stringently than a private limited company.

Document Required for the One-Person Company

  1. Must have a minimum of Rs.1,000,000 in paid-up capital.
  2. Controls the share transfer option.
  3. Prevents any public invites to approve the company’s securities.

Advantages of the One-Person Company

  • Business Credibility
  • Limited Liability
  • Protection of personal Assets of owners
  • Perpetual existence

LLP Company Registration in banglore

A limited liability partnership, or LLP, is a type of corporation that combines the flexibility of a partnership with the advantages of a company’s limited liability. As a result, it highlights the components of corporations and partnerships. One partner in a limited liability partnership is not responsible for the wrongdoing or negligence of the other partners.

The advantages of a limited liability partnership:

  • lower incorporation costs
  • Absence of a minimum capital requirement
  • There is no cap on the number of partners.
  • Standards for Tax Audits
  • revenue tax

Documents required for a limited liability partnership:

  • Copy of ID Proof and Address Proof
  • PAN Card
  • Voter ID
  • Driving License
  • Latest Bank Statement

For Registered Office

  • Copy of Address proof(like Water Bill, Electricity bill, etc.)
  • Copy of Rent Agreement
  • Copy of NOC

Partnership Firm Registration in banglore

A partnership is a business structure with lower risk and higher legal stability. With the aid of a partnership deed, two or more people can create a partnership firm. The mentioned agreement specifies the legal terms of the firm as well as the partners’ share of profits.

Advantages of Partnership Firm:

  • Simple to Implement
  • Attracts Fewer Compliances
  • Enables partners to decide quickly
  • Gains and Losses The partners decide on the ratio.

Documents Required for Partnership Firm

  • Form 1, the application, must be appropriately signed by the serving partners.
  • An authentic copy of the partnership deed with the authority’s seal and signature included
  • A sample of an affidavit attesting that the data cited in the partnership deed and other papers is accurate.
  • Permanent Account Number, or PAN, and evidence of the partners’ residency
  • Evidence indicating the business location, such as a lease

Sole Proprietorship Firm Registration in banglore

Undoubtedly one of the most common business structures in India is the sole proprietorship. Unlike other businesses, it abides by minimal compliances that streamline the business process. It is a type of business structure where one person manages every aspect of the company. A sole proprietorship forbids other parties from interfering with the operation of the business or any other elements. 

Advantages of Sole Proprietorship

  • Quite Simple To Establish
  • Look for low-risk investment
  • guarantees a profit-free distribution
  • Follows Only Minimum Regulations
  • Promote Lower Taxes
  • Making Decisions Effortlessly

Documents Required of Sole Proprietorship

  • Aadhaar Card, PAN, and photos of the owner
  • Utility bills for the site of business, like the water or electricity bill
  • Copy of bank statement and further information, such as account number and IFSC code
  • By completing the appropriate e-application on the GST portal, applicants can take advantage of GST registration.

Nidhi Company Registration in Bangalore

National Initiative for Developing and Harnessing Innovations is abbreviated as Nidhi. It is a particular kind of financial institution or NBFC that focuses primarily on lending and borrowing money to only its members. Under the Companies Act of 2013, the Corp store assists with completing Nidhi Company Registration in Bangalore and is run by RBI regulations. The Nidhi Company exclusively conducts business with other members of the Company. As a result, the employees continue conserving money and reinvesting it within the industry.

Documents Required for Company Registration

  • Director’s passport-size photo and a copy of their PAN card
  • Directors’ voter identity card or a copy of their Aadhaar card
  • a copy of the lease (If rented property)
  • Water/Electricity bill (Business Place)
  • a copy of the title deeds (If owned property)
  • Renter NOC (Format will be provided)

Why Choose Alonika

The best option for starting a business in India is ALONIKA. With years of experience in corporate law, finance, and taxation, Alonika is a team of professional CA, CS, and lawyers in the corporate world. The firm also boasts a strong presence of young, energetic professionals, and this combination of wisdom and vigor makes Alonika successful.

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