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pvt ltd company registration in bangalore

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DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY REGISTRATION


  • Latest passport size photo in jpeg.
  • Copy of Pan card of Directors (with self attestation)
  • For the registered office proof of the company, if the property is rented/ leased, then copy of rental agreement or lease agreement.
  • Copy Electricity/water bill (business Place)
  • Copy of Aadhaar Card/Voter Identity card of directors
  • If owned property, copy of Sale Deed and Electricity bill is sufficient
  • Copy of No objection certificate from the owner of the property
  • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.
  • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized

Today anyone who before starting a company to get it registered. You may be familiar with a private limited company registration, but are not aware of the rules and regulations by the MCA, whom to approach to get the business registered. Private Limited Company Registration fees may pinch your pockets, at Aavana we would want to maintain a lifetime relationship with our clients, hence we offer cost effective solutions offering a platter of business services to suit your requirements. Our smart and energetic team will coordinate with you and leave no stone unturned in getting the private limited company registered. Company registration in Bangalore at lowest price call us & get the expert help 9900328729. We are the Pvt LTD or private limited company, One Person company, LLP Registration consultant in Bangalore & all over India Email Support, Chat support available, Free consultation 10x faster, lowest prices Read More

Minimum Requirements for Private Limited Company Registration

Minimum 2 Shareholdres

Minimum 2 Directors

The Director & Shareholders can be same person

Minimum Authorised Share capital Rs 1,00,000(INR One lac)

DIN (Director Identification Number) for all Directors

DSC(Digital Signature certificate) for 2 Promoters & 1 witness

One of the Directors must be Indian Resident

Advantages of Private Limited Company

Favorite Business structure for Investors

Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to exit from a private limited company.

Easy to attract Employees

For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well motivate them with corporate designations and stock options.

Easy to Sell

Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Pvt. Ltd. company.

Limited Liability Protection to Directors personal assets

Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe.

Better image and credibility in Market

Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.

Easy to raise funds and loans

Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.



FAQ's

Once the pvt ltd company registration name availability is approved, documents required to register are as follows: Copy of Pan card of Directors (with self-attestation) Latest passport size photo in jpeg For the registered office proof of the company, if the property is rented/ leased, then copy of rental agreement or lease agreement. Copy of Aadhaar Card/Voter Identity card of directors Copy Electricity/water bill (business Place) Copy of No objection certificate from the owner of the property If owned property, copy of Sale Deed and Electricity bill is sufficient In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country. Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

When a Limited Liability Partnership (LLP) is expecting to expand its horizons and want more capital inflow to their business they would want to convert to Private Limited Company. As per Section 366 of Companies Act 2013 an LLP can be converted into a private limited company. However, before the conversion of LLP into pvt ltd company certain prerequisites are to be followed like: The LLP needs to have at least 7 members Acceptance of partners is a must Advertisements in the local and national newspapers must be published No objection certificate (NOC) must be obtained from ROC where the LLP is incorporated from General meeting to be held where the majority partners have given their acceptance.

  • Director Identification Number (DIN) and Digital Signature Certificate (DSC) to be procured
  • Once the conversion is done and the panel of seven members are the Directors, then it is mandatory to procure the DIN and DSC. The DIN is obtained by filling the application form DIR-3 in the MCA portal.

  • Name Approval
  • Getting the name approved for the company is the most important step for any registration. It has to be obtained from the Registrar of Companies (RoC) by submitting an application in e-Form INC 1. The name approved will be valid for 60 days.

  • Getting the URC Form No.-1 ready and filing it
  • The URC Form no.-1 needs to be prepared with the compilation of certain important documents which includes:

    1. Names, addresses, occupation of all the members along with the holding of their shares respectively
    2. Entire details and DIN of the proposed first Directors of the company along with their personal details, residential addresses, their interests in other entities or firms.
    3. An affidavit from the first Directors for having no legal issues in holding the position and also the documents filed with the registrar are right and complete.
    4. List of names of partners of the Limited Liability Partnership.
    5. Copy of LLP Agreement and Certificate of Registration duty verified by at least two designated partners of LLP.
    6. Written clearance or No Objection Certificate from all the secured creditors of the applicant.
    7. Company account statement prepared not later than 6 days preceding the date of application duly certified by auditor, if applicable.
    8. Copy of the advertisement published in the newspaper
    9. NOC from the concerned Registrar for LLP.
    10. Declaration of two or more directors verifying the particulars of all members/partners.
  • Memorandum of Association (MOA) and Articles of Association (AOA)
  • After getting the approval of names and sanction of the URC Form no.-1, then the MOA and AOA has to be composed and registered with ROC along with certain forms and documents.

    Conversion of Partnership firm to Private Limited Firm

    Partnership firm is basically when two persons have partnered to carry on the business together sharing all the profits and losses. When this small company run by partners needs to grow has to be incorporated.

    Conversion of Partnership firm to Private Limited Firm

    Partnership firm is basically when two persons have partnered to carry on the business together sharing all the profits and losses. When this small company run by partners needs to grow has to be incorporated.

    Requirements necessary for conversion

    • Partnership firm need to be registered with seven partners
    • Share Capital required should be at least Rs. 100,000 (INR One Lac) for conversion into a Private Limited Company
    • If the above requirement is not fulfilled by the firm, then the Partnership deed should be altered
    • Must have at least 7 Shareholders
    • Minimum of 2 Directors
    • The directors and shareholders can be same person
    • DIN (Director Identification Number) for all the Directors
    • DSC (Digital Signature Certificate) for two of the Directors

    Procedure for Conversion of Partnership Firm to Pvt Ltd Company

    • Filing of requisite form for Conversion
    • Preparation of Foundation documents of the Company
    • Getting the name approval
    • Filing of Incorporation documents
    • Receiving certificate of incorporation

    Convert Proprietorship to Private Limited Company

    Proprietorship firm is one which is either run by a single person or by a family. Any business once tasted the dose of success would want to grow. So the best option is to convert to Private Limited Company.The knowledge gained as a sole proprietor helps the entrepreneur in creating a stronger base for his business when he chooses to transform it into a Private Limited Company.

    There are certain requirements to change the proprietorship firm to pvt ltd firm like the assets and liabilities will become that of the pvt ltd company, the proprietor must hold 50% of shares in the new company and others.

    How to convert Proprietorship to Private Limited Company


    • Apply for the DSC ( Digital Signature) of the old proprietor and new director.
    • Apply for the DIN ( Director identification Number) for both people.
    • Apply for the name approval of the company.
    • Apply for the fresh PAN & TAN Number of the company
    • Incorporate a new private limited company and get a certificate by Ministry of Corporate Affairs
    • After the incorporation a Memorandum of Association (MOA) has to be signed between the proprietor and the new company.
    • Agreement must and should be executed on a stamp paper.
    • Bank accounts to be created in the name of the new company.
    • Any registration from the Proprietorship firm needs to be surrendered and fresh ones to be taken in the name of new Private Limited Company.
    As per the compliances of Companies Act, the Directors for a pvt ltd company cannot be less than 2 and not more than 15.
    At Aavana we can get your pvt ltd company registered within 12-15 days as the entire procedure has to be done in per with the MCA compliances and depends on the documents submitted.
    Pvt ltd company being one of the most popular entities and having high visibility, any company with a unique concept or running a trustworthy business can be a pvt ltd company. If your goal is to expand your business then going forward with private limited company registration is the best option.
    The number of shareholders in a pvt ltd company cannot exceed 50.
    At Aavana we can get your pvt ltd company registered within 12-15 days as the entire procedure has to be done in per with the MCA compliances and depends on the documents submitted.
    As per the rules of the Companies Act 1956, any foreign national or company or NRIs can be the Director of a company provided one of the Directors to be a resident of India.
    To become the Director of a company, a person needs to be of sound mind, above the age of 18 years and should not have any legal issues in the court of law.
    In India an address where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
    No, as all the procedure is done online, it can be done from any place with all the necessary documents.
    Notarized or authenticated copy of the passport in support address and identity proof.
    Yes, once registered as a pvt ltd company you can change the registered office address either within the state or to any other state in the country.
    There is no limit to the capital required to start a company, but fee must be paid to the Government for issuing a minimum of shares worth Rs.1 lakh [Authorized Capital Fee] during the registration of the Company.


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