Company Registration in Bangalore (Bengaluru) is the primary Indian city with numerous innovative business ideas with the emergence of numerous startups and enterprises. Quite familiar startups like PayTm, Flipkart, Uddan and Meesho have their companies registered in Bangalore itself. Many famous technology giants like TCS, Infosys, Wipro, IBM, etc. also operate from Bangalore.
Company registration in Bangalore are of various types, such as Sole Proprietorship, Private Limited Company (PLC), Partnership Firm, Limited Liability Partnership (LLP) and One Person Company (OPC). So, do not wait for your business to give a legal identity and get it registered within 8-10 working days. The basics requirements and procedure to get your business registered as a company are stated below:
Eligibility Criteria for Company Registration in Bangalore
- Minimum age of the applicant should be 18 years
- Minimum 2 directors (at least 1 should be resident Indian)
- Minimum 2 shareholders (Shareholders and directors can be the same)
- A registered address in Pune along with a rental agreement
- Indian citizen or Indian resident
- Foreign National with all the required documents
Steps to Register a Company in Bangalore
The company registration process in Bangalore is quite similar to that of Chennai and is discussed below:
Step 1: Application form to be submitted to obtain Digital Signature Certificate (DSC) of at least 2 directors and shareholders to further apply for DIN.
Step 2: Fill in the SPICE INC-32 (Simplified Proforma for Incorporating a Company Electronically) application form to be submitted along with documents for registration purposes.
Step 3: Further, RUN (Reserve Unique Name) Application form needs to be submitted for Name Availability with the Ministry of Corporate Affairs.
Step 4: Next step is to draft MOA & AOA of the company with the help of a lawyer.
Step 5: PAN and TAN applications are also to be filled along with Form SPICE INC – 32.
Step 6: Payment of Fees to the Ministry of Corporate Affairs
Step 7: After completion of the process with ROC and payment with MCA, the Certificate of Incorporation is issued.
Documents Required
- ID Proof of each Director and Shareholder (any one): Passport, Aadhar Card, Election Card, Driving License
- PAN Card copy of each Director and Shareholder
- Address Proof: Passport, Voter ID, Utility Bills (Water, Gas & Electricity Bills)
- Bank details or Last 12 months’ bank statement
- Business Incorporation Certificate
- Business Address Proof
- NOC from property owner
- Rent or Lease agreement, if applicable
- Any other document required by the Registrar of Company (RoC)
Registrations required after Company Registration
- Shops and Establishment Act License
- Professional tax registration
- Udyam Registration
There are several private companies that assist in arranging documents and filing for company registration by charging their fees that include Government fees, professional fees and service charges. Some of the inclusions in their registration package include MoA & AoA of the company, company’s PAN & TAN, CIN, DSC, DIN and ESIC, PF and GST registrations and much more.
FAQs
Q. What is the minimum capital investment required to register as a Private Limited Company?
Ans. The minimum capital required is Rs. 1 lakh to register as a private limited company.
Q. Can an NRI start a company in Bangalore?
Ans. Yes, an NRI can start a company in Bangalore by becoming the shareholders of the company or via 100% FDI automated way.
Q. Can I run more than one business under a company?
Ans. Yes, you can operate and manage many businesses under one company but all the businesses should be inter-related and should have the consent of other members as well.
Q. If I do not operate my business from any commercial space, so can I show by residence as an address to register a company?
Ans. Yes, you can do it without any issue.
Q. What is the minimum age of a business owner to apply for a DIN?
Ans. The minimum age to apply for a DIN should be 18 years.