Are you looking for Company Registration in Karnataka ?
Company Registration in Karnataka can be online with B K Goyal & Co LLP Chartered Accountants. A Private Limited Company is the most preferred form of business chosen by Lakhs of Indian entrepreneurs and the most popular startup brands such as Lenskart, Boat, Cardekho, etc. A Private Limited Company can be registered in Karnataka in less than 7 days at a very affordable Govt fee, which starts from Rs 1010 towards stamp duty for 1 Lakh authorized capital and Rs 131 towards the PAN Card of the company.
Now let’s understand further How to register a Company in Karnataka, the types of Companies, benefits, and the procedure of Company Registration in Karnataka.
Types of Companies that can be registered in Karnataka
A Private Limited Company is a privately held organisation which can be started with 2 shareholder and can have maximum 200 members. It can not raise fund from the public through IPO or other mode but can do so through private placements
Non Banking Finance Company
A Non Banking Finance Company (NBFC) is Company which is incorporated for the purpose of carrying on the activities of financing etc. In order to do so, first the a Company needs to be registered as an NBFC then license from RBI needs to be obtained in this regard. Minimum capital required for NBFC is 2 Crores
Nidhi Company
To put it in simple words, a Nidhi company isbeing incorporated by people to carry on the business of micro finance.
Foreign Company
It basically means a Company which is already registered outside India and now wants to setup its business as well
One Person (OPC) Company Registration
One Person Company means a company which has only one person as a member. Though to register the same, documents of 1 nominee is also required.
Public Company
The major benefit for a Public Company is that it can go and raise funds from public at large. We require minimum 3 Directors and 7 Members to register a Public Company
Producer Company
Producer Company is formed by farmers to unite and bring synergies.
Subsidiary Company
A subsidiary company acts as a part of another holding company. Where the holding company have control over the subsidiary company. It is created for the purpose of expanding into different verticals of business
Documents required for Company Registration in Karnataka (ROC Bangalore)
(Proposed) Directors Documents
1. PAN Card of all the Directors
2. Aadhar Card of all the Directors
3. Past 2 months bank statements of Director
4. Mobile number and Email ID of Directors
5. Passport size photographs of Directors
6. Birth Certificate
7. Last Education Degree/Marksheet (if any)
8. Voter ID, DL or Passport (any one)
Registered Place of Business Documents
1- Utility Bill (Electricity Bill)
2- Consent Letter
3- Property Owner Aadhr Card
4- Property Owner Mobile Number
Engagement Letter
Lets understand the process of Company Registration in Karnataka
Following are the steps for Company Registration in Karnataka (ROC Bangalore) which are needed to be followed
Step 1: Name Approval
The first step in Company Registration in Karnataka (ROC Bangalore) is to make an application to the Registrar of Companies Rajasthan for name approval.
One can also proceed directly with the application of registration without getting the name approved. Though it is advisable to reserve the name of the company first instead of proceeding with the application without name approval which makes the entire process way more simple.
Once the name approval application is made, it might take 2 working days for either its approval or resubmission, if the approval is granted then we can proceed further with the process but if the form comes for resubmission due to non-availaibility of the name then a new name is to requested for approval which might again take approximate 2 working days for approval. While waiting for the name approval, one can simply proceed with the step 2.Step 2: Obtaining Digital Signatures of the proposed directors/promoters
The second step for company registration in Karnataka (ROC Bangalore) is to obtain digital signatures for all the proposed directors and promotersStep 3: Filing of application using SPICe+
Once the name is approved and Digital Signatures are prepared the next step for Company Registration in Karnataka (ROC Bangalore) is to start with filing the application with SPICe+ form. In the form, all the required information along with documents are to be attached and provided.Step 4: Memorandum of Association, Article of Association and Agile
Once the SPICe+ is filled and relevent documents attached. Memorandum of Association, Article of Association and Agile form are to be prepared for Private Limited Company Registration in Karnataka (ROC Bangalore)Step 5: Affixing of Digital Signatures
Once step 4 is complete, all the forms will then required to be downloaded for applying digital signatures of Directors and a Practicing Chartered Accountant Company Registration in Karnataka (ROC Bangalore)Step 6: Form Upload and Registration of Company
After step 5, the form needs to be uploaded with MCA. Once the form is uploaded, Registrar of companies go through the forms and if everything is in order then a Certificate of Incorporation along with PAN and TAN of company is issued or else the form is sent for resubmission with detailed reasons, the same then will need to be resubmitted resolving the queries of the officer.
Company Registration FAQ's
How much time it will take for Company Registration
It will take around 7 working days from the date of submission of all the relevant documents and fee to get your company incorporated.
How much it will cost to register a company
The cost of incorporating a Private Limited Company usually varies from Rs 6000 to Rs 20000 depending on the following:
- Number of Directors
- Number of Shareholders
- Authorised Share Capital
- State in which Company to be registered
- Professional fee of a Practicing CA/CS/Advocate
To save the cost and get the expert services, contact a Practicing CA Firm directly on their website/Mobile/Email. This will help avoid intermediaries in between.
To know about our fee, you can simply leave a message on our whatsapp number 9971782649 or drop an email to [email protected]
Can a foreign national register a company in India ?
Yes, foreigners can register a company in India, provided they comply with the Foreign Direct Investment (FDI) guidelines and other applicable laws. Further, for incorporation, atleast 1 Indian National is required to be on the Board of Directors of the company.
What Documents will I get on my company registration
The following documents you will get on your company registration completion.
- Digital Signatures of Directors
- Director Identification Number of Directors
- Memorandum of Association of the Company
- Article of Association
- Certificate of Incorporation
- PAN Card of the Company
- TAN Card of the Company
- ESIC Certificate
How do I check the Name availability of my company ?
You can check the name availability on the MCA Website https://www.mca.gov.in/mcafoportal/showCheckCompanyName.do.
Further, we will also guide you to chose a name for your company which may be approved by the MCA.
Is GST Registration is mandatory at this stage ?
GST Registration is mandatory for certain businesses as follows:
- Interstate supply of goods or service
- E-commerce operations or selling goods on e-commerce websites (e-commerce websites demands GST Registration to register on their platform)
- Turnover exceeding Rs 40 Lakhs/Rs 20 Lakhs in case of Supply of Goods/Services respectively.
It generally takes 3 working days for GST Registration with B K Goyal & Co LLP Chartered Accountants
Can I register my company without a physical office?
No, a physical office is mandatory to register a company where all the communication can be received from the MCA. Although, it can be a coworking space or a resdential place as well. But it shall be a physical office and cannot be a barren land.
Can I change the registered office address of my company after registration ?
Yes, you can change the registered office address of your company after registration. The same can be done within the state as well as to another state as well.
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