Register a Private Limited Company in Bangalore
Services included in Pvt Ltd Registration Package
- Company Name
- Incorporation Certificate
- MoA & AoA
- PAN & TAN
- Digital Signatures
- ESI & PF Registration
- Bank Account Opening
- Registered Office Form Filing
Private Limited Company Registration in Bangalore
Private Limited companies are privately held firms limited by the number of shareholders. In India, Private Limited companies are governed under The Companies Act, of 2013 & The Company Rules of 2014. Most startups and small & medium businesses prefer Private Limited companies due to the range of benefits it offers. In short, it can help the company with limited liability, flexibility & privacy. To start with the registration of a Private Limited company in Bangalore, it is always recommended to contact Company Secretary, Charted Accountant, or Corporate lawyers for expert advice.
Who Should register Private Limited companies in Bangalore?
- If you are founding a New Startup in Bangalore
- If you got a new business Idea & looking for Govt. benefits
- Small & Medium Enterprises
- Group of Professionals
- Foreign Entities
Key Requirements for Private Limited Company registration in Bangalore
To register a Private Limited company in Bangalore, there are certain requirements you should be aware of, those are as listed below –
- Directors & Shareholders – Private Limited company should have at least 2 directors & shareholders, where the director & shareholder can be the same. At least 1 director should be Indian.
- Choose a Unique Name – The name you’ve decided to start a business with, should have a very unique name for easy approval. Ensure that, the name chosen should comply with the MCA guidelines.
- Registered Office – You should have a registered office space in Bangalore (residential or commercial) for official communications. You should have proof of Address like Phone Bill, Electricity Bill, rental agreement, etc.,
- Digital Signature Certificates (DSC) – You should get it done with your Chartered accountant for the designated directors of the proposed Private limited company.
- Director Identification Number (DIN) – DIN is a unique identification number provided to the director of a private limited company in India. It is issued by MCA. Consult a professional to get it done. Contact us
These are the basic requirements you should make by yourself or with the assistance of a professional to make the registration process faster.
View the Documents Required for Private Limited Company Registration in Bangalore.
Start Private Limited Company in Bangalore
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!
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Benefits of Private Limited Company Registration in Bangalore
Straight to the point, companies prefer to register their business in Bangalore to increase business credibility. Along with this, companies also get other benefits.
Limiting Liability
To limit their (Directors & Shareholders) liabilities & protect their personal assets from loss.
Separate Legal Entity
Since it is a separate legal entity in Bangalore, it can own assets, and liabilities & can get into any contracts.
Raise Funds & Investments
It is easy for a private limited company in Bangalore to attract investors & raise funds for their unique ideas.
ESOPs
Employee Stock Option Plans, a special capability of PVT LTD firms to offer stock options for talented resources to retain them in the company.
Reputation
Private Limited companies encourage customers to trust & raise their reputation with legal binding associated with it. 3
Transfer ownership
If you want to transfer ownership to another business or individual can be done easily with the transfer or selling of shares.
Tax Benefits –
Today, the government has launched various programs to encourage businesses for scalability & expansion. This also includes tax exemption for registered startups/companies.
Privacy
Unlike Public Limited companies, private limited companies can keep their Financial statements confidential along with ownership & other sensitive information.
FAQs on Private Limited Company Registration
Cost of Pvt ltd registration in Bangalore starts from ₹9999 onwards & depends on the number of directors, DSC required, shareholders & paid up capital.
Contact Actax India Experts to register company in Bangalore. Click here for more details about Company Registration in Bangalore
No, you need to hire a Chartered Accountant or Company secretary or lawyer to help you with registration.
Yes, you can start as a One Person Company with single director & up to 200 shareholders.
As of now, there is no cap on the turnover limit for a private limited company in India.
For a Pvt Ltd company, as per Company Act 2013, it is minimum of ₹1 Lakh as a paid up capital required.
Minimum of 2 directors are required for a private limited company.
To see the list of documents required to register a private limited company in Bangalore, click here
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