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Company Registration in Bangalore

Understand the Company Types, Process, Benefits & Registration Cost in Bangalore

Have you planned to start a Company in Bangalore? Then you should understand few of basic things about Company Registration in Bangalore, to avoid confusions & information dilemma later.

Why You Should Register Company with Actax?

We at Actax, have tremendous years of experience in setting up new companies, be it Private Limited, LLP, or One Person Company. We assist firms with the drafting of Partnership Deeds to Partnership Firm Registration in a short time.

Why You Should Register A Company?

Setting up a Company (Be it Pvt Ltd, OPC, Nidhi, LLP) makes it a separate legal entity in India. This imparts a special power to limit their liabilities as per shares. There are many government initiatives to boost the growth of private limited companies in India. Forming a company helps to reduce the risk of losses & bankruptcy. Under schemes like MSME, Startup India, etc., companies can avail of various financial & administrative benefits. Private limited companies are easily recognizable for their transparency. As they are registered under the Ministry of Corporate Affairs, the company financials & stakeholder data are available publicly & can be accessed by Investors & customers. 

Type of Companies You Can Register in Bangalore

It is always advisable to Choose Right business type before starting Company registration process

1. Private Limited Company

 Private Limited Company is a Business Entity formed by a group of shareholders whose liability is limited by share. Companies with High aspirations choose to be Private limited. It is regulated under Companies Act, 2013. Learn more about Private Limited Company Here.

2. Limited Liable Partnership [LLP]

Limited Liability Partnership also known as LLP in India is regulated by LLP Act, 2008. It is a combination of a Partnership Firm & a Company. Well Experienced professionals & new start-ups are preferring this form of business. Learn more about LLP Registration Process here

3. One Person Company [OPC]

One Person Company (OPC) is a Private Limited company where a person can be the director & member of a company. It is a hybrid of features & benefits of a Private Limited & Sole Proprietorship. The Owner can be Indian or NRI. Learn More about OPC here.

4. Nidhi Company

Nidhi Company refers to establishing a financial institution that operates for mutual benefit within a specified group of members. Nidhi companies are primarily established to cultivate a savings and thrift culture among their members and provide them with financial services, such as accepting deposits and granting loans. Know more about Nidhi Company Here. 

Benefits of Company Registration in Bangalore

Save on Tax

Enabling pensions, provident funds & sharing dividends reduces tax on businesses. This helps stakeholders to receive value from your firm. Business Tax Payable < Individual Taxes.

Recognition

With a private limited company, getting recognition & scaling a business is easier than with a sole proprietorship business. Various relaxations & provisions are given for companies to expand.

Get Easy Funding

Investment for companies quickly & easily is important to boost business growth. With registered companies, it is easier to get investments or credits from banks.

Attract Talents

Private Limited companies are more likely to attract a talented workforce because of their legality & credibility. A registered company can also offer employee benefits like ESOP.

Basic Documents Required for Company Registration in Bangalore

Along with the above listed, there might be need of more documents depending on special applicable factors. Click below to view all the documents required for Company registration in Bangalore. 

Company Registration Process in Bangalore

company registration in India - Actax India
  1. Apply for DSC & DIN for designated directors. 
  2. You’ve to submit the name for verification & approval. The decided company name is submitted to MCA with fixed fees. 
  3. Once the name is approved, it is kept for 15 days, within that you should file a form with ROC for incorporation. 
  4. File the Company details in Part B of the SPICe+ Form
  5. File the MOA & AoA online with MCA. 
  6. Apply for the EPF, ESI, Professional Tax & GSTIN registrations
  7. Submit all the documents by signing it with DSC of directors & declaration by the Chartered Accountant. 
  8. Pay the registration fees & ROC Stamp duty on MCA website Online. 
  9. The application will be processed & forwarded to ROC once all the documents are submitted properly. 
  10. Then ROC shall register the company & will provide Incorporation Certificate, PAN & TAN of the Company. 

Company Registration Cost in Bangalore!

The company registration in Bangalore depends on the type of company structure, share capital & number of directors & shareholders. The company registration cost in Bangalore are as below – 

  1. Private Limited Company Registration – ₹9999*
  2. Cost of OPC Registration Charges – ₹9999*
  3. Cost of LLP Registration – ₹11999*

The company registration fees might vary. Contact our Actax Experts for detailed pricing on Company Registration.

*The company registration fees mentioned here vary based on the professional, business type, number of directors & members. The mentioned price is only the professional fees. 

Checklist for Company Registration in Bangalore

Register Your Company with Actax in 3 Simple Steps!

Start Your Company Registration Process with Actax Experts

Answer Few Questions

Our Expert call you to understand your business & advise you the right type of Company to choose.

Provide Required Documents

Experts will collect all necessary documents of directors & shareholders required to complete the process.

Get Incorporation Certificate

We take care the rest process. Your Incorporation certificate, DSC, MOA & AOA will be sent to your registered mail.

Actax India helps you to get your Company registration in Bangalore quickly & easily. We take care of the entire process from document signing from the client to document approval by government authority. We also educate you at each stage of company formation & your role in that. We have an all-inclusive package for company formation, in which we have covered all essential services required for a new company to make it completely legally compliant. Click here to see the Documents Required for Company Registration.

Clients We Are Working With

FAQs on Company Registration in Bangalore

The main advantage of registering your business as company is to protect your limited liability. In sole proprietorship, you are sole responsible for all the losses & profits. Here you can reduce the risk of loosing your personal assets after registering as a company in India.

There are 7 types of company formation in India. They are – 
1. Private Limited
2. Public Limited
3. Partnership Firms
4. Limited Liability Partnership
5. Sole Proprietorship
6. One Person Company
7. Section 8 Company

When it comes to choose between Private Limited or LLP, each business structure have its own pros & cons. You have to make the ground work to research on the benefits of LLP & Benefits of Private Limited. 

Businesses with more than  ₹40 Lakhs & ₹ 20 lakhs turnover for product based & services based companies respectively. The businesses are eligible for GST only if they pass above criteria, only then GST is mandatory.

ROC stands for Registrar of Companies. 

AoA & MoA stands for Articles of Association & Memorandum of Association. These 2 are important documents that defines company’s scope of work, objectives, rules & internal management system. 

Company formation takes about 10 to 15 working days, depending on the type of company structure & documentations required. 

MCA is the Ministry of Corporate Affairs. It is a ministry concerned with administration of the Companies Act 2013, Companies Act 1956, Limited Liability Partnership Act 2008 & other allied acts, rules & regulations. 

Register Your Company Today with Us

We help you get a company registered anywhere in India. We take care of the complete process online to make it easier for you. No matter where you are, we carry out the entire procedure from Name approval to Incorporation Certificate! We keep you posted on WhatsApp.

Give Us A Call

+91 9066338911
+91 9481492860

Our Office

No.173, Second Floor, Back side, Kathriguppe 80 Feet Main Road, BSK 3rd Stage, Bangalore – 560085

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