Company Registration in Patna

@ 7,271/- Only

Package Details*

Private Limited Company Registration in Patna

Company registration in Patna is a good idea for any new business owner because this city’s economy is growing at the fifth-fastest rate in the country, at 3.72% per year. Since 2005, the economy has grown steadily, especially in the fast-moving consumer goods (FMCG) and service sectors. Patna is a major center for agriculture and trade. It exports grain, sugarcane, and sesame, among other things.

Patna is a city in the northern Indian state of Bihar. As with starting a business or a company, the decision by an entrepreneur requires careful strategic, business, and legal planning. Starting a business or a company here will lead to great success and financial gains.

TYPES OF INDIAN COMPANY REGISTRATION

In India, there are a total of seven different categories of company registration. It can be challenging to select the appropriate type of company registration due to the abundance of alternatives.

  1. Private Limited Company
  2. Public Limited Company
  3. Partnerships Company
  4. Limited Liability Partnership

5. One Person Company
6. Sole Proprietorship
7. Section 8 Company

BENEFITS OF REGISTERING A COMPANY IN PATNA

  1. Legal Recognition: A registered company is a distinct legal entity with its obligations and rights. It makes it easier to conduct business and enter into contracts.
  2. Limited Liability: Shareholders of a registered company are only liable to the extent of their investment in the company. It means that the shareholder’s assets are safe if the company loses money or gets into debt.
  3. Easy Funding: Banks, venture capitalists, and other investors are more likely to give money to registered companies because they are more trustworthy and financially stable.
  4. Tax Benefits: Companies in India can get tax breaks like deductions for certain expenses and exemptions from certain taxes.
  5. Brand Recognition: A registered company can help you build a brand name and give customers, partners, and investors more confidence in your business.
  6. Continuity of Existence: A registered company has perpetual succession, which means it keeps running even if some of its shareholders or directors change.
  7. Better governance: To register a public limited company, you have to follow several laws and rules. It makes the company more honest, open, and responsible.
  8. Growth Potential: A registered firm has the opportunity to grow and expand, which can result in increased sales and profits.
  9. Better Legal Protection: A registered business is less likely to be sued or has other legal problems.

PRIVATE LIMITED COMPANY REGISTRATION IN PATNA

Online company registration in India allows the appointment of a minimum of two directors and a maximum of fifteen directors.

Patna does not require a minimum paid-up capital to register a private limited company. In addition, the name needs to end with PVT.ltd.

Patna Company Registration Is Easy If You Meet These Criteria

  • A minimum of two directors who are Indian residents are required.
  • There must be a minimum of 2 shareholders and a maximum of 200 stockholders required.
  • The government fee to register a business in Patna is Rs. 1 lakh.
  • The registration address is mandatory.

You Must Submit The Following Documents To Form A Private Limited Company In Patna:

  1. DSC (Digital Signature Certificate) of Directors
  2. PAN (Permanent Account Number) of Directors
  3. ID proof (Aadhar card/Passport/Driving License) of directors
  4. Directors’ address proof (Aadhar card/Passport/Driving License/Voter ID)
  5. Form-1 (Application for Reservation of Name)
  6. Form-18 (Declaration of Commencement of Business)
  7. Form-2 (the incorporation form)
  8. Form-32 (Appointment of Director)
  9. Form-10 (Notice of situation or change of the registered office)
  10. Form-12 (particulars of the appointment of the director, manager, and secretary)

The Process For Registering A Private Limited Company In Patna

  • Get DSCs (Digital Signature Certificates) and PANs (Permanent Account Numbers) for the company’s directors.
  • Select a unique company name and apply for its availability by submitting Form-1 (Application for Reservation of Name) to the Registrar of Companies (ROC).
  • Prepare and file the incorporation documents, including Form-2 (the incorporation form), by ROC.
  • Get the certificate of incorporation from the ROC.
  • Get a company seal.
  • Get the PAN and TAN numbers for the company.
  • Get the GST registration, if needed.
  • Get the FSSAI registration, if needed.
  • Get professional tax registration if needed.
  • Get the shop and establishment registration, if needed.
  • Open a bank account in the name of the company.
  • File the statutory returns per the Companies Act and the Income Tax Act.

PUBLIC LIMITED COMPANY REGISTRATION IN PATNA

A public limited company is a business whose shares can be bought and sold on a recognized stock exchange. The minimum number of members is 7, and there is no maximum number of members. The shares of a publicly traded company can be traded freely on an open market called the stock exchange. A publicly traded company can also ask the public to buy shares or bonds.

Documents Required For A Public Limited Company In Patna

Clear and self-attested scanned copies of:

  • PAN Card
  • Identification proof issued by GoI: Aadhaar, voter’s ID, passport, or driver’s license
  • Six-month bank statement with current address
  • Bills for mobile phones, gas, or electricity with the current address
  • latest passport-size photograph
  • Specimen signature – Director’s signature on a blank white paper

The Process For Registering A Public Limited Company In Patna

  • Before applying for the company registration process, ensure the company has a minimum of seven shareholders, three directors, and a capital of at least 5,00,000, which is required.
  • A DSC, or Digital Signal Certificate, is needed when you show proof of your name and address.
  • Apply for a DPIN and submit your company name through the application. Make sure to include objective clauses about the business in the application. Usually, this clause explains the specific reason for the company’s establishment, including its establishment date and other activities performed.
  • Attach documents like the MOA, AOA, Form INC–7, Form INC–22, and Form DIR–12 to the ROC.
  • Pay the registration fee, and once the business gets approval from the ROC, it must apply for the “Certificate of Business Commencement.”

PARTNERSHIP COMPANY REGISTRATION IN PATNA

This type of business is similar to a sole proprietorship in several ways. The main distinction between a sole proprietorship and a partnership is the number of people involved. Partnership businesses are made up of two or more people, with each member’s responsibilities clearly stated in the agreement.

The agreement also says each partner will get a share of the profits. On the other hand, the partners are also responsible for losses, just like they are for profits. These companies can operate without a license if they have registered partnership deeds. The Indian Partnership Act of 1932 is in charge of the partnership companies.

Documents Required For Partnership Company Registration In Patna

  • Form 1 declaration
  • Copy of the Partnership Deed containing the name of the organization or entity.
  • Company’s operations, the primary business location, and additional company locations.
  • The date of the partnership, the names and addresses of the partners, and the period from which the company was founded.
  • Partners’ PAN cards and Aadhar cards/voter ID cards
  • Business location ownership/rent/lease

All partners must sign and agree to the statement. However, company registration for partnership companies is not required. However, there are a few advantages to doing so.

LIMITED LIABILITY PARTNERSHIP COMPANY REGISTRATION IN PATNA

LLP is a relatively new corporate structure in which business assets are distinct from personal assets and provide the highest level of limited liability protection. In this business, the ability of the partners to pay their debts depends on how much share capital they have.

To start a limited liability partnership (LLP), you need at least one partner from this country and a minimum capital of Rs 1,000,000.

Documents Required For  Limited Liability Partnership Company Registration In Patna

  • PAN card or proof of identity like an Aadhar card, driver’s license, or voter ID
  • Bank statements, phone bills, mobile bills, and gas bills
  • Passport-size photocopy
  • Foreigners, or NRIs, require a passport
  • DSC and registered office address proof documents

The Process For Registering A Limited Liability Partnership Company In Patna

  • Acquire the DSC and DIN for each of your LLP partners. DIN or DPIN registration is usually instantaneous. Each partner must have at least one DIN.
  • ROC will handle your business name approval after you file an MCA application.
  • The partners receive an application once the senior officials approve the firm name.

Finally, the partner has 60 days from the date of receipt of this letter to send the documents. You have 30 days from the time you get the registration certificate to apply for the partnership agreement.

ONE-PERSON COMPANY REGISTRATION IN PATNA

One-person company registration is a relatively new addition to the Indian market. The majority of sole proprietorships and small enterprises choose this type of registration. Under this registration, the proprietors receive liability protection, so no partnerships are required.

Since one person is in charge of everything in the business, it is easy to maintain, manage, and run. In essence, it is a combination of a sole proprietorship and a limited liability company. The minimum capital required to qualify for this registration is Rs. 1,000,000. If you are in the finance industry, you do not qualify for an OPC registration. Additionally, the individual must be a citizen of India.

Documents Required For One-Person Company Registration In Patna

  • Documents required from company partners:
  • PAN, or passport, for foreigners
  • ID proof
  • Bank statements, electricity, gas, or phone bills
  • Photocopy
  • signature of the specimen
  • Documents required for the registration office:
  • Bank statements or bills
  • Rental agreements
  • NOC of a property owner
  • Copy of the property deed (if you own property)

The Process For Registering  One Person Company In Patna

  • Get DSC first, then apply for DIN.
  • Submit a request to MCA for approval of the business name.
  • After you send the necessary paperwork to MCA, the government will give you a certificate of incorporation.

REGISTRATION OF A SOLE PROPRIETORSHIP COMPANY IN PATNA

A sole proprietorship is simply a business run by a single person. In most sole proprietorship businesses, the owner is personally liable for all profits and losses. It is a sole proprietorship that is relatively simple to establish. This registration is preferred by those who work from home or manage one-person businesses from their homes.

Documents Required for Sole Proprietorship Company Registration In Patna

  • Utility bills for the business
  • KYC details
  • Company Establishment License
  • Income tax data

The Process For Registering a Sole Proprietorship Company In Patna

  • Apply for a Pan Card.
  • Open a business account and register under the MSME Act as a small business. Registration is not required, but it is if you want to receive government benefits or grants.

If your annual revenue exceeds Rs. 20,000, you must register for GST.

SECTION 8 COMPANY REGISTRATION IN PATNA

Most people refer to these businesses as “NGOs,” or “non-profit organizations,” because they actively participate in charitable activities. These businesses’ main goals are to promote the arts, science, and education to protect the environment and aid the less fortunate.

A minimum of two shareholders and directors are required to register as a non-profit organization. Commonly, stockholders will act as directors. It does not require start-up funding, as do other businesses. The corporation must have an Indian address for registration, and at least one of the directors must be a resident of India.

Documents Required For Section 8 Company Registration In Patna

  • Digital Signature Certificate
  • DPIN/DIN
  • MOA and AOA
  • ID verification proof
  • Passport-size photographs
  • Directors data
  • Address verification documents

The Process For Registering a Section 8 Company In Patna

  • All partners must submit DIN and DSC applications.
  • Choose three names for the company and get MCA’s permission.
  • If asked, provide the approval of the department or the necessary higher authority.
  • After obtaining the firm name, get a Section 8 license from MCA.

All of the processes listed above are requirements for Patna company registration. Please note that the methods listed above are simply an overview, and the process may vary based on the particulars of your business and the state’s legislation. Before beginning the process, we recommend you visit a professional or the local ROC office to ensure you have all the relevant paperwork and information.

Alonika

Why trust us

ALONIKA is the best alternative for beginning a business in India. Our team of CAs, CSs, and lawyers in the business world has years of experience in corporate law, finance, and taxation. The company also has a lot of young, active professionals. This mix of experience and youth is what makes Alonika successful.