Private limited company registration in Bangalore

Private limited company registration in Bangalore

A private limited company registration in Bangalore require 2 members and can later expand to include up to 100 members. It requires a minimum of 2 directors, with a maximum limit of 15. This business type shares similarities with a partnership firm and can accommodate around 200 shareholders.

Advantages of private limited company:

Separate legal entity: The Company has the ability to own property and be sued in its own name.

Limited financial liability:Shareholders' liabilities are limited to their shares, safeguarding personal assets and income during financial crises.

Raising the funds is much easier: With a maximum of 200 shareholders, it's simpler to raise capital compared to other company types. Private limited companies have ample room for expansion and easily secure debts from financial institutions.

Longevity of the company: The Company remains unaffected by the owner's death or incapacity, ensuring continuous operations.

Documents required for private limited company registration:

Proof of identity - directors
Indian Nationals:
  • A copy of the PAN card is mandatory during pvt ltd company registration.
  • The MCA will utilize the name on the PAN card for all company-related matters.
  • Address proof with a name matching the PAN card is essential;
  • Documents like (voter ID card/ration card/passport/driving license/electricity bill/telephone bill/Aadhar card) are acceptable.
 Foreign nationals:
  • A notarized passport is essential for pvt ltd company registration online.
  • If in a different language, it needs an English translation.
  • Address proof, also notarized, should display the director’s name as in the passport and the current address is required for Pvt ltd company registration in Bangalore.
  • Acceptable address proof includes Residence card, Bank statement, driving license, and Government-issued identity documents with an address.
Proof of identity -Shareholders
  • Every shareholder must provide identity and address proofs.
  • If a shareholder is a corporate entity, they should include incorporation documents and a corporate resolution authorizing share subscription.
Proof of registered office address
  • The company's registered office address must be valid.
  • Proofs should be submitted within 30 days of incorporation or during registration. Include a copy of the rental agreement.
  • Utility bills like (telephone/electricity/water bills) can serve as evidence, showing the premise's address.
  • Obtain a No Objection Certificate (NOC) from the landlord for a rented office or provide ownership documents otherwise.