Bangalore, known as the Silicon Valley of India, is a great place for new startups and businesses. Registering a Private Limited Company (Pvt Ltd) here offers many benefits, such as limited liability, ease of fundraising, and a structured business framework. The entire process comes under the Companies Act, 2013 and is regulated by the Ministry of Corporate Affairs (MCA).
The biggest benefit is limited liability – that is, if there is a loss in business, your personal assets (house, car) remain safe.
Limited Liability Protection: Shareholders are responsible only up to their share capital.
Separate Legal Entity: The company is a legal entity separate from its owner.
Ease of Fundraising: Pvt Ltd companies can attract investors and venture capitalists.
Perpetual Succession: The company continues even after change of ownership.
Tax Benefits: Various deductions and exemptions are available.
You can choose different business structures as per your need:
One Person Company (OPC): Best option for a single person.
Limited Liability Partnership (LLP): Ideal for doing business with multiple partners.
Private Limited Company: Best for startups and growing businesses.
Public Limited Company: Allows public investment and is highly regulated.
If you want to register a Pvt Ltd company in Bangalore, then you have to fulfill these conditions:
At least two directors: One director should be an Indian resident.
At least two shareholders: These can also be directors.
Registered Office Address: It is necessary to have a physical address in Bangalore.
Digital Signature Certificate (DSC): Necessary for document authentication.
Director Identification Number (DIN): Required for all directors.
Memorandum of Association (MOA) & Articles of Association (AOA): Defines the objectives and rules of the company.
Obtain DSC & DIN: Apply for digital signatures and director identification numbers.
Name Approval: Submit a unique company name on the MCA portal.
Prepare Documents: Prepare identity proofs along with MOA and AOA.
File SPICe+ Form: Submit online incorporation form.
Obtain Certificate of Incorporation: You will get registration certificate after approval.
Apply for PAN & TAN: Necessary for Tax compliance.
GST Registration: Register for GST if applicable.
Registration Cost: Starts from ?14,999 + Government fees.
Processing Time: Generally takes 9-10 days.
Once the company is registered, it is important to maintain annual compliance:
Tax Filings: Corporate tax returns have to be filed every year.
GST Returns: If applicable, monthly or quarterly filings are necessary.
Director KYC: Mandatory for all directors.
Annual Financial Statements: Balance sheets and profit & loss statements have to be submitted.
The registration process is generally completed in 9-10 days.
No, a Pvt Ltd company should have at least two shareholders and two directors. If a single person wants to register his company, he can opt for One Person Company (OPC).
Tax filings, GST returns, Director KYC, and annual financial statements have to be submitted.
No, the entire registration process is done online, but having a registered office address in Bangalore is a must.
Identity proofs of Directors and Shareholders, MOA, AOA, registered office address proof, and DSC/DIN documents are required.