Company Registration

Company Registration in Bangalore: How to Register

Company-Registration-in-Bangalore

In India, Company registration is regulated by the Ministry of Corporate Affairs. Each state has its own Registrar of Companies (ROC). As per Section 609 of the Companies act, ROC Bangalore had been appointed.  In this blog, we will discuss details about company registration in Bangalore.

For setting up a business in Bangalore, firstly entrepreneurs have to select the type of business entity such as:

  • Private Limited Company

If you wish to set up a business entity with one or more person and also want to raise money then Private Limited Company will be suitable for you.

  • Limited Liability Partnership (LLP)

In case you have enough money for investment and want the limited liability in the business then you should go for a Limited Liability Partnership.

  • One Person Company (OPC)

If you wish to set up a business with 100% control without any director then you should go for One Person Company Registration.

What is the Procedure of Company Incorporation?

For Company registration in Bangalore following procedure is required to be followed:

Company Registration in Bangalore
Company Registration in Bangalore

What are the Documents Required for Company Incorporation?

  Following documents are required for Company incorporation:

  • Passport-sized photograph of all the proposed directors in a Company.
  • Copy of Identity Proof such as Voter’s ID/Passport
  • Copy of PAN Card
  • Copy of registered office proof such as:
  • Bank Statement
  • Telephone Bill
  • Electricity or Gas Bill
  • Notarized Rental Agreement and No-objection Certificate from the property owner

What are the benefits of Company Registration to Entrepreneurs?

There are numerous benefits of Company registration, some of them are as follows:

  • Bank Account

With the Company Registration in Bangalore, a bank account can be opened which helps in separating personal activities and business related activities. It creates reliability for clients to make a payment on the name of the company.

  • Obtaining Finance

With a company registration in Bangalore, the loan can be acquired in the name of the Company Registration in Bangalore. As creditors verify the incorporation documents.

  • Reputation among Customers

A registered company creates a reputation among its customers rather than working on your own name.

  • Human Resources

A registered Company can hire full-time employees.

READ  Provisions for Oppression and Mismanagement Mentioned in the Companies Act 2013

What are the Advantages of Company Registration?

Here are the following advantages of Company Registration:

  • Limited liability of directors and shareholders
  • A private limited Company has a separate legal entity which means it is separate from its directors and shareholders.
  • Perpetual Succession is another characteristic of a Private Limited Company, as directors and shareholders may come and go but the existence of a company remains forever.
  • In a Private Limited Company, shares are freely transferable.
  • The registered company enjoys the borrowing capacity.

Currently, the Ministry of Corporate Affairs made the Private Limited Company Registration procedure quite simple and easy. Now Company can be incorporated within a week. Now Company Registration in Bangalore can be incorporated online without visiting any government office. For Company incorporation, documents are electronically filed with the Registrar of Companies.

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