Private Limited Company Registration
Starting a business can be a very exciting adventure and selecting the appropriate business structure is an important first step. In Bangalore, registering as a Private Limited Company is one of the most common types of starting a company. There are many important benefits to being registered as a Private Limited Company, that include but are not limited to, limited liability, perpetual succession, etc. If you're looking into registering a Private Limited Company, then you're in the right place.
Your Partner in Private Limited Company Registration
Certicom makes registering a Private Limited Company in Bangalore, easy. With the expertise of Certicom, we take you through every step and ease the hassle of your registration. We will help prepare and submit your documents for registration. A Private Limited Company is a business entity/organisation that is privately held, legally recognised, characterized by having its own legal existence separate from the owners (shareholders) and managers (directors) of the company. This means that the company has its own legal name that can enable it to own property, incur debts, sue, or be sued, etc. Private Limited Company Registration can be beneficial for entrepreneurs whose main intent is to formalize operations for their businesses, for existing businesses looking to reorganize or expand, and start-ups aiming for investment, scalability, and structured business models, etc. This business structure creates a solid foundation for growth and provides a fundamental structure to help with strategic planning, sustained success, etc.
Who Can Register a Private Limited Company?
Entrepreneurs who wish to formalize their business operations.
Existing businesses looking to restructure or expand.
Start-ups aiming for scalability, investment, and a structured business model.
The Procedure for Private Limited Company Registration in Bangalore
Registering a Private Limited Company in Bangalore, involves several steps. However, it can be easily navigated with the expertise of Certicom. A simplified outline of the registration process is included below:
Digital Signature Certificate (DSC)
The first step is to procure Digital Signature Certificates for the proposed directors of the company. A DSC is a must for electronically signing the share purchase and company registration forms; you cannot register a company without a DSC.
Director Identification Number (DIN)
Every director must have a unique identification number which is called DIN. You can get a DIN by applying online via the Ministry of Corporate Affairs (MCA).
Name Approval
Choosing a name for your company is very important and must be unique. To choose a name, you must submit an application for name approval through the MCA to be sure it does not resemble any existing company names or trademarks.
Submission of Incorporation Documents
Once the name is approved, you prepare and submit the company incorporation documents, including the Memorandum of Association (MoA) and Articles of Association (AoA) and the address proof of your registered office as well as a number of other declarations for incorporation.
Incorporation Certificate
When the MCA approves your application and documents, you will receive an Incorporation Certificate which acknowledges your business as a Private Limited Company. You will find the corporate identity number (CIN) on the incorporation certificate.
Application for PAN and TAN
As your company is being incorporated, you will also be able to apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company.
Open Bank Account
With your company Incorporation Certificate, PAN, and other documentation, you can go on to open a corporate bank account for your company.
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