Bangalore company registration process is completely online and can be completed in 5 days. The cost to register a company in Bangalore is only Rs 4273. BusinessSetup is a top rated legal consultant for company registration in Bangalore. Documents, procedure and cost to register a company in Bangalore is discussed in this article. The startup policy for startups in Bangalore can also be found here. BusinessSetup has a inhouse team of company secretaries who can guide you throughout the company registration process in Bangalore.
If you are a foreign national and you are planning to register a company in Bangalore please click below
A entrepreneur can register 4 types of companies in Bangalore:
- Private Limited Company
Pvt ltd Company is most suited for IT and growing companies. Raising funds is very easy in Private Limited Company. It can be registered in 5 working days in Bangalore. The forms are submitted to the Registrar of Companies, Bangalore. Minimum 2 shareholders and directors are required for the same. Click here to know more about Private limited company.
- LLP ( Limited liability Partnership)
Minimum 2 partners are required to start a LLP. Family owned and trading businesses are most suited for LLP. Raising funds from investors is very difficult in LLP. The procedure to register a LLP in Bangalore is completely online and can be completed in 10 days. Click here to know more about LLP in Bangalore.
- OPC ( One person company)
Only one director or shareholder is needed to register a one person company. Raising funds from investors is impossible in OPC. To convert the OPC to Pvt ltd the process is long. OPC can be registered in bangalore in 5 days. the procedure to register a OPC in Bengaluru is completely online. Click here to know more about OPC registration.
Requirements of company registration
Minimum 2 directors
To form a company in Bangalore minimum 2 directors are required. Directors should be minimum 18 years old. One of the directors in the Private Limited Company should be a Indian resident.
If you are employee in a company you should check if your employment agreement allows you to be a director in another company. generally its not allowed.
Minimum 2 shareholders
Shareholders means the owners of the company. They invest in the com[any. Directors and the shareholders can be the same and different. The shareholder of the company can be another company, llp or individuals
Minimum Capital
There is no minimum paid up capital requirement. A company can be registered with a paid up capital of as low as Rs 2.
Registered office address
Minimum requirement to register a Company in Bangalore:
- Minimum 2 Directors ( Both should be minimum 18 years of age. Atleast 1 should be a Indian Resident)
- Minimum 2 Shareholders (shareholders can be the individuals, LLP or other companies)
- Registered office address proof of Bangalore like electricity bill, gas bill, telephone bill or corporation tax pasid receipt.
- NOC or rent agreement from the owner of proposed registered address.
First time entrepreneurs can register company free of cost through businesssetup.in
What are the documents required to register a Private Limited Company?
The documents required to incorporate a company are as follows:
PAN card ( Mandatory for Indian Passport holders)
Pan of all the directors and shareholders. Pan in mandatory for Indian Citizens that is Indian Passport holders.
Identity Proof of both Director and Shareholder (Any one of the following)
- Aadhar card
- Driving License
- Election Card
- Passport
Its mandatory to provide Passport in case of foreign director or shareholder.
Address Proof of both director and shareholder (Any one of the following)
- Bank Statement
- Mobile Bill
- Electricity Bill
- Telephone bill
The address proof should have a name and address mentioned on it. It should not be older than 2 months.
Address proof of registered address proof
- Electricity Bill/Corporation tax paid Receipt
- Rent Agreement/NOC
Steps/Procedure to register a company in Bangalore :
The steps to register a company in Bangalore are as follows:
Step 1: Application for Name Approval
RUN form is filed on MCA to get the name approval. You can give 2 options in one application. The name selected should be unique and not similar to existing companies or trademarks. The name approval can be completed in 2 working days.
Step 2: Digital signatures of Directors and shareholders
Digital signature enables you to sign the forms and documents online. Its mandatory to sign forms and documents digitally and upload the same.
Step 3: Preparation of Documents
Step 4: Upload of forms i.e SPICE, MOA and AOA
What are the compliances for a Private Limited Company after it is registered?
The mandatory compliances for the private limited company irrespective of its turnover are is follows:
Mandatory Registrations after Incorporation:
- Shops and Establishment act Registration / Gumasta
- Professional tax registration for company and employees
Every company irrespective of number of employees and nature of business is required to apply for professional tax registration after the company registration is complete.
Mandatory Compliances after company is registered
- Secretarial Compliances – Every company even if it has not started its business is required to appoint auditor and file annual returns like AOC 4, MGT 7 and ADT 1 within due dates. the penalty for non filing is very high.
- Statutory Audit – Every company after registration is require to get its accounts audited even if there are no transactions
- Income tax return – Every company is required to file its tax return even if it has no income
- PT Returns – Every company has to file PT returns monthly.
Is business setup locally present in bangalore?
Yes business setup provides company registration service in Bangalore. It is one of the top legal firms and has registered more than 1000 private limited companies in Bangalore
What is the cost to register a company in Bangalore?
The company formation cost is free in Bangalore if you are a first time entrepreneur.
How many days does it take to setup a company in bangalore?
The company setup can be completed in 7 working days once all the documents are submitted