Private Limited Company

 

Private Company Registration In Bangalore, India

 

A private company in Bangalore can be formed by individuals, and corporates like OPC, LLP as a shareholder of the private Company in Bangalore.

 

A private company is a legal entity that allows people to form businesses to do business and earn a profit. They are also known as privately held companies (PLCs).

 

The main objective of forming a private company is to protect the business from legal liabilities.

 

Forming a Private Limited Company in Bangalore

Once you have submitted the required basic documents of directors Pan, Aadhar, 1st-page recent bank statement, and office address proof of rent agreement and utility fill, you will receive a certificate of Registration within five days.

 

You will also be required to pay stamp duty to the Government, which varies from Rs. 5,000/- to 10,000/-based on the capital of the Company.

 

Private Company is a simple and popular choice in Bangalore.

Registering a Private Limited Company in Bangalore

Suppose you wish to register a private limited company in Bangalore. In that case, you need to provide a minimum of 2 directors' basic documents of Pan, aadhar and a 1st-page recent bank statement along with the office address, Rental agreement and any one utility bill. 

 

Once you share the name for Registration, we will fill up the consent form director and then file the new company registration at the website www.mca.gov.in. This form has been designed by the Company Secretary experts who understand the needs of the business. They have made sure that the form is simple and easy to use.

 

Private Company controlled by Companies Act, 2013,

The Ministry of Corporate Affairs manages private companies in India by the rules and regulations of the Company, and the Directors must comply.

To start a new private limited company, two people must be 21 years adults and hold basic documents like Pan, Aadhar, and bank accounts.

A Private Company plays an important role as a vehicle to carry the ideas of the promoters in the form of a Company.

Before starting any business, you must be clear about the following:

Make a name choice that shall be unique and catchy and should not violate the name guidelines as per MCA.

 

Then, collect the required basic documents from proposed company promoters.

You can approach Team IN Filings, Bangalore, to start the Company Registration.

 

Plus point of Private companies

The promoter's risk is limited to their investment amount only

A Private Company can be registered with a minimum of two people

A private Company allows easy transfer the shares from one to another

Quick Registration, You can register your Private Company within two days of time

 

Steps to register your Private companies

Below are the steps to be taken to start a new private company with the help of Team IN Filings

·         Selection of suitable name as per name guidelines by Mca

·         Apply the name reservation with Mca

·         Finalization of terms and conditions in the form of MoA and AoA

·         Filing the e-forms with Roc central office for Registration.

 

 

The main types of companies are:

 

·         Private Limited Company

·         One Person Company (OPC), called one person shareholder

·         Limited Liability Firm (LLP), ideal for service-oriented business

·         Nidhi Company Limited to run the small finance business

·         Chit fund company to run the chit business

·         Finance Company for running the lending business

 

A company name check is the First step.

If you plan to start a new company in India, you must check the name available with MCA.gov.in and Trade Mark authority. If the name is available, submit your finalized name along with the objective to team@teamIndia.co.in for free, our Team IN filings can go ahead for name reservation application to the Ministry of Corporate Affairs (MCA). We have to make the name reservation application before registering the Company.

 

The procedure of Company Registration in India

After the name gets approved from Team IN filings, you can provide the documents below for further Registration of the Company.

·         All the promoters, directors Pan, Aadhar, recent month Bank statement

·         Email, mobile, photo of the director

·         Rent agreement in the company name, Electric bill

·         Noc from the building owner

 

Once you submit the above documents, our Team will process the Digital signature and then prepare the MoA and AoA and other documents for review with you.

 

Preparation of Memorandum of Association

After the name gets approved, Team IN filings helps you prepare the company documents. The Main documents in the Company are the Memorandum of association and Articles of association of the Company.

MoA – Memorandum of association contents

MoA talks about the Company's business activities and other functions. The objectives of the Company have to be classified into main and associated objectives.

The Main objective is all about the Company's main purpose, like retail, wholesale, etc.

The associated objective is related to the main business objective, for example, marketing, advertisement etc.

Clauses of Memorandum of association(MOA)

The MoA clauses have to be arranged in the right structure keeping the Company's core business in mind. Also, there won't be prohibited business to be taken under this.

 

Fee for Registration of the Company in India

Most Company's Registration in Bangalore is completed with Team IN Filings.

 

The cost and time involved have been given on an approximate basis only

.

For Private Limited company: fee is Rs.5000 plus Govt. fee, Time: 3 working days.

For One Person Company: fee is Rs.4000 plus Govt. fee, Time: 3 working days.

For Firm, LLP Company: fee is Rs.5000 plus Govt. fee, Time: 10 working days.

For Nidhi, chit fund Company: fee is Rs.15000 plus Govt. fee, Time: 10 working days.

For Proprietorship, Gst: fee is Rs.5000 plus Govt. fee, Time: 10 working days.

 

Plus, Company Registration Certificate, you will get a full set of certificates.

During the process of the company registration, you will get a complete set of Registration like;

·         Registration Certificate

·         Company Pan card

·         Company Tan card

·         Company PF registration certificate

·         Company ESI certificate

·         Company Gst process

·         Company Bank A/c

·         Directors/ Promoters DSC

·         MoA

·         AoA

 

Benefits of Company Registration in India

A company is a vehicle; you carry your business without any limit.

The main benefits of Company registration are:

·         It gives you legal status like Pvt. Ltd, LLP etc., to your business

·         It has continuity of succession of your business

·         The promoters risk is limited to his investment amount only

·         The Company can sue and be sued

·         Company promoters play a dual role, one as director and another as a promoter

·         The Company has the power to borrow money in its name

·         Capital raising is also easy

 

Private Company E filing returns

Once Company has been registered, it must follow the compliance filings regularly.

The first step after the company register is: 

·         Open the company Bank a/c, and file the Cob (Inc-20A) (due in 180 days from Company's Registered

·         File the Auditor appointment, Adt-1 

·         File the Annual year-end return (Mgt-7A)

·         File your Company audited report and accounts in Aoc-4

·         File your Company ITR-6 by on before 30th October

 

Business lawyer for your Company

Team IN Filings is one stop Business service advisor; as a business lawyer, advising many businesses to enter into the corporate domain and reach heights.

 

The Team In filings Bangalore based Ca and CS professionals practising for the last ten years in Company Registration, GST services, Tax return filing, as well as Gst advice Services, Tax consultancy, and Management, have been providing various tax planning, business setup filing-related services from the 15 years in India.

 

Find your Team IN Filings Company Registration consultant to get your New Company fast and efficiently with our Team members and get expert advice to help you with Company compliance. This includes Tax planning, GST invoicing software and free filing software. GST invoicing, cloud-based filing software, as well as Accountants Assistance. Companies 5K+ are registered. Rapid and reliable Company service provider in Bangalore. Karnataka

 

 

Contact Team IN Filings

Trust our dedicated Team of professionals to get your private Limited Company ready within three working days. 

 

Get in touch with our Team today and get a FREE consultation!

Reach us to manage your Accounting, Gst, Tax services, and Trademark.

 

Call at +91-7019827351 team@teamIndia.co.in to get your Private Limited Company done!

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