Bangalore is the capital and largest city of the Indian state Karnataka. Bangalore is regarded as Silicon Valley of India because of its role as the nation’s leading information technology exporter. It is the home to many educational and research institutions. Bangalore is the second fastest-growing major metropolis in India and is also the country’s fourth largest fast moving consumer goods market (FMCG). Majority of global technology company have presence in Bangalore including Amazon, Google, and Microsoft. For the past years Bangalore has been witnessing a boom for start ups. With better infrastructure Bangalore is ahead in new business. So if you have a Start up idea and want to start new business in Bangalore, for How to register a company in Bangalore You have to register your business under the Companies Act of India before starting its operations in Bangalore.
Do not need to worry regarding registration process;
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Company registration in Bangalore is regulated by Companies Act 2013 and administered by the Ministry of Corporate Affairs in India (MCA) and Registrar of Companies.
We will discuss three major types of business entity which you can choose for your Startups but its selection will depend upon your product and services.
- Private limited company
- Limited Liability Partnership
- One Person Company
Now the main question arises “How to register a startup company in Karnataka�
(Let’s discuss all Startup businesses registration process in Bangalore)
Private limited company registration in Bangalore
- Private limited company is an entity with minimum two directors and their liabilities are limited to its capital raised.
- Documents required :-Pan cardPassport/election cardAadhar cardDigital signature Latest one month utility bill with complete address.
- Once name is approved Memorandum of Association and Article of Association can be drafted with Spice plus form to submit in Ministry of Corporate Affairs for approval.
- Now, Certificateof Incorporation, PAN, and TAN will be received in the form of soft copy via email which you have given at the time of company incorporation in Bangalore.
- Registering a company in Bangalore comes with spice form feature of opening a current account. Bank opted with spice plus form can contact branch to activate bank account in the nearest branch where company is located.
Limited liability partnership Registration in BANGALORE (LLP)
Basic requirements
- LLP Company Registration in Bangalore, LLP stands for limited liability partnership; here minimum two partners are required for registering a firm.
- KYC Documents ( both partners)
- Utility Bill with Complete Address.
- Now, you have to approve your firm name, after your firm name got approved, you have to file LLP Spice Formwith the registrar of companies Bangalore to get company incorporation certificate.
- A partnership deed is to be signed between partners and is to be filed with registrar of companies Bangalore within 30 days, if days exceed LLP would be fined.
- After get approval on MOA & AOA, LLP can be registered and you will get incorporation certificate.
- After getting certificate of incorporation next step is to obtain PAN, TAN and BANK account. (PAN TAN are to be obtained from NSDL)
- After completing all these steps you can start your business as LLP organization.
NOTE: - In LLP you have to file Form 8, Form 11 and Income tax return every year without any delay.
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One person company (OPC) registration in Bangalore
- OPC stands for one Person Company where single person presents as the director of the company. If you are a single founder and want like a private limited company this option is best suited for you.
- Required documents (single director and nominee)
- Approval of the company name is the first step in registering OPC.
- After name approved, Memorandum of Association & Article of Association will be drafted as per the company objectives.
- Now spice plus form is submitted with the registrar of firms Karnataka for name approval.
- Once the company registration process is successfully done, you will receive softcopies of PAN, TAN & Incorporation certificate from MCA/income taxdepartment via email id which you have given at the time of incorporation.
- After verification, the registrar of companies will issue Certificate of incorporation and you can commence your business.
Company Registration fees in BANGALORE
Below these are government charges:-
Forms | Cost involved |
DSC | Rs. 1400 |
INC-29 | Rs. 20 |
Stamp duty on MOA | Rs. 1000 |
Stamp duty on AOA | 500 on every Rs. 10 lakhs of authorized share capital or part thereof |
INC-7 | Rs. 20 |
Pvt. ltd Company Registration Fees at Tax Advisory
Private limited company registration cost at Tax Advisory is just Rs. 6999/- only
This registration fees includes
- Name approval fees
- Payment to stamp duty to state government
- Preparation of MOA & AOA
- Opening company online Bank Account
LLP Registration Fees in Banglore
Below are the government fees for filling forms
Forms | Cost involved |
DSC | Around Rs. 1500 to 2000 for 2 partners |
DIN | Rs. 1000 for 2 partners |
Name reservation | Rs. 200 |
Incorporation | If capital contribution up to Rs. 1 lakhs - Rs. 500 & if Between Rs. 1 and 5 lakhs – Rs. 2000 |
LLP agreement | If capital contribution up to Rs. 1 Lakhs – Rs. 50 for filing form 3 |
LLP Registration Fees at TAX Advisory
LLP registration fees is just Rs. 9999/- (inclusive of all taxes)
This registration fees includes
- 2 DSC (Digital signature) and DIN(Direction identification of partner)
- Name approval fees of MCA
- Certificate of Incorporation(LLPIN), PAN of LLP, TAN of LLP
- Preparation of LLP agreement
OPC Registration Fees in Banglore
Below these are government charges:-
Forms | Cost involved |
Stamp duty on AOA | 500 on every Rs. 10 lakhs of authorized share capital or part thereof |
Stamp duty on MOA | Rs. 1000 |
Stamp duty on SPICe | Rs. 25 |
PAN/TAN fee | Rs. 131 |
Name approval fees | Rs. 1000 |
Class II digital signature | Rs. 1000 |
Note: - For OPC registration in Bangalore, these charges will be applicable if you have authorized capital up to Rs. 1, 00,000
OPC registration fees at Tax Advisory
OPC registration fees is just Rs. 8999/-
This registration fees includes:-
- Register your OPC at Ministry of Corporate Affairs
- Complete required documents
- Tax compliance
- Legal Advice
- Drafting & filing by CA/CS
So wrapping up with this article I want to tell you that Bangalore is one of the nation’s leading information technology exporter. And With better infrastructure Bangalore is ahead in new business. So, if you have any business idea and want to start business in Bangalore you can choose one of the business entities; Pvt. Ltd. Company, LLP and OPC. For Business Registration in Karnataka you have to register your business under the Companies Act of India before starting its operations in Bangalore. Forming a company in India or Startup Karnataka registration might be difficult for you, so we the team of TAX ADVISORY is here for the Question How to register a company in Bangalore. Tax advisory includes experts like CA, CS, MBA’s and Advocates. We have experience in handling all legal services. MCA uses to come with numerous changes and updates & we take care of it for you. You can visit www.taxadvisory.in
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