Company registration in Bangalore (Pvt Ltd) is a popular choice among startups and small-to-medium enterprises due to its legal structure, limited liability, and ability to attract investors. Here’s everything you need to know:
✅ What Is a Private Limited Company?
A Private Limited Company is a business entity privately held for small businesses. It limits the liability of the shareholders to their shares and restricts the number of shareholders to 200.
🧾 Key Features:
- Minimum 2 and maximum 200 shareholders.
- Minimum 2 directors (one must be a resident of India).
- No minimum capital requirement (₹1 is enough to start).
- Limited liability protection to shareholders.
- Separate legal entity from its owners.
- Can raise funding from investors.
🏢 Benefits of Registering in Bangalore:
- Access to India’s leading tech and startup ecosystem.
- Presence of accelerators, VCs, and incubators.
- Availability of skilled professionals and talent.
- Ease of doing business and infrastructure.
📋 Step-by-Step Registration Process:
1. Obtain Digital Signature Certificate (DSC)
Required for directors and subscribers to sign forms digitally.
2. Apply for Director Identification Number (DIN)
DIN is mandatory for all directors. You can apply through the SPICe+ form.
3. Name Reservation (Part A of SPICe+ Form)
Propose 1 or 2 names via the MCA portal. Names must be unique and follow naming guidelines.
4. Filing SPICe+ Form (Part B)
This includes:
- Incorporation
- PAN & TAN application
- EPFO, ESIC, GST (optional), and opening a bank account
5. Drafting MOA and AOA
Memorandum of Association (MOA) and Articles of Association (AOA) define the company’s constitution and scope.
6. Certificate of Incorporation (COI)
If everything is in order, the MCA issues a COI, and your company is officially registered.
📑 Documents Required:
For Directors/Shareholders:
- PAN Card (mandatory)
- Passport (for foreign nationals)
- Aadhaar Card
- Address proof (bank statement, utility bill)
- Passport-size photo
For Registered Office:
- Rental agreement (if applicable)
- NOC from the property owner
- Utility bill (not older than 2 months)
💸 Cost of Registration in Bangalore:
The cost can range between ₹7,000 to ₹20,000 depending on:
- Number of directors
- Professional fees
- Government charges
- Additional services like GST, trademark, etc.
⏳ Timeline:
Usually takes 7–10 working days, assuming all documents are in order.
📌 Post-Incorporation Compliance:
After registration, make sure to:
- Open a company bank account
- Appoint an auditor within 30 days
- Issue share certificates
- File commencement of business (INC-20A)
- Maintain statutory registers
- Regular ROC filings (AOC-4, MGT-7)
🤝 Should You Hire a Consultant?
Though you can do it yourself through the MCA portal, hiring a CA or company secretary is recommended for smooth and error-free registration, especially if you’re new to the process.