Company Registration in Bangalore

Companies are of numerous structures and few important ones among them are:

• Private Limited Company
• Public Limited Company
• One Person Company (OPC)
• Limited Liability Partnership (LLP)
• Section 8 (Section 25) Company

These business structures offer various options to entrepreneurs, providing flexibility and legal frameworks tailored to different needs and preferences.

Private Limited Company:

A private limited company can start with two members, expandable up to 100. It must have at least 2 directors, up to fifteen at maximum, and can accept around 200 shareholders. Key traits include limited liability, perpetual succession, a limited number of members and directors, required paid-up capital, and specific regulations regarding prospectus, minimum subscription, and company name.

Requirements for private limited company registration in Bangalore:

• A PAN card copy is essential and used as the primary identity for the company's incorporation.
• Address proof matching the PAN card details, such as utility bills (telephone, electricity, water), is required to validate the premise address.
• Shareholders must submit their identity and address proofs. If a shareholder is a corporate entity, attach the incorporation document along with the resolution approving share subscription.
• The registered office address must be valid, and all proofs need to be submitted within 30 days of incorporation.
• For rented offices, provide a copy of the rental agreement or submit an ownership document. If rented, an NOC from the landlord is necessary.

Public limited Company:

A private or public limited company can offer registered securities to the public, tradable on stock exchanges. These companies, especially public ones, are closely regulated. They're legally bound to transparently disclose their complete financial status, crucial for determining the actual value of their shares. Public companies need at least 7 members and a board of directors ranging from 3 to a maximum of 15.

Requirements of Public limited company registration in Bangalore:

To complete the company incorporation, provide:

• Identity proof for all shareholders and directors.
• PAN cards for Indian nationals among shareholders.
• Address proof for directors and shareholders.
• Rental agreement copy or ownership document for the office.
• Memorandum of Association (MOA) and Articles of Association (AOA).
• Utility bills as premise address evidence.
• Director Identification Number (DIN) and Digital Signature Certificate (DSC).

One Person Company:

The One Person Company (OPC) under India's Companies Act, 2013, supports entrepreneurs looking to start a venture alone. It combines aspects of a company and sole proprietorship, allowing a single person to establish an independent economic entity. There's no need for additional subscribers or directors. As a separate legal entity, the entrepreneur has full control. This setup encourages innovative start-ups by offering a platform for solo entrepreneurs.

Requirements of One Person Company registration in Bangalore:

For Directors, Shareholders, and Nominees:

• A PAN card copy is mandatory for submission.
• An ID card is necessary, such as a driving license, voter ID, passport, or Aadhaar card.
• Utility bills (telephone, electricity, water) can be used as address proof.
• Passport-sized photographs are also required.

Documents related to registered office:

• Submission of a rental agreement is required. If the office is rented,
• a No Objection Certificate (NOC) from the landlord should be provided.
• Alternatively, an ownership document can be submitted.

Limited Liability Partnership:

LLP, a prevalent business structure, involves multiple individuals collaborating to operate a unified business entity. The popularity of LLP lies in its numerous advantages. Partners enjoy flexibility in investment decisions within the company. It's a decentralized management system where all partners have equal rights. LLP's standout features include tax advantages and limited liability, attracting many to this business model.

Requirements of Limited Partnership company registration in Bangalore:

Indian National as a partner of LLP:

* All partners are required to provide a copy of their PAN cards.
* Address proof is mandatory for partners; the names must match those on the PAN cards. Utility bills like telephone, electricity, or water bills can serve as evidence, showcasing the address of the premise.
* Residential proof is also necessary alongside the address proof. Acceptable documents include bank statements, electricity bills, or telephone bills.

Foreign Nationals as partner:

* For a foreign national partner, a passport is compulsory. The document must be in English and duly certified, attested, or notarized.
* Address proof like a residence card, driving license, or government-issued ID with an address, along with a bank statement, is required. The names in the passport and address proof must match.
* Residence proof is necessary. Documents like electricity bills, telephone bills, water bills, or bank statements are acceptable, provided the names on the passport and address proof match.

Documents related to registered office:

If the office is rented, a copy of the rental agreement or a No Objection Certificate (NOC) from the landlord must be submitted. If it's an owned office, a proof of ownership document needs to be provided.

Section 8 Company Registration

A non-profit organization is set up primarily to support causes like education and poverty eradication. You can establish this type of organization through trust, societies, or a Section-8 Company. In these entities, profits aren't distributed to members and must be used solely to fulfil the organization's goals.