Registration Tips By Pvt Ltd Company Registration In Bangalore - Kros-chek

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Setting up a private limited company is a popular choice for entrepreneurs in India, and Bangalore is no exception. The process of registering a private limited company in Bangalore can be quite straightforward if you follow the right steps and consult with the right professionals. In this article, we will provide you with a step-by-step guide on how to register a pvt ltd company registration in Bangalore and some tips from Kros-chek, a leading consultancy firm in the city.

Step 1: Obtain Digital Signature Certificates (DSC) and Director Identification Number (DIN)

The first step in registering a Private Limited Company Registration in Bangalore is to obtain Digital Signature Certificates (DSC) for all the proposed directors of the company. DSC is a digital signature used for signing electronic documents and is issued by the Certifying Authority. Similarly, you need to apply for Director Identification Number (DIN) for all the directors of the company. DIN is a unique identification number assigned to directors and is mandatory for all directors of the company.

Kros-chek tip: Kros-chek recommends that you ...
... obtain DSC and DIN at the earliest as they are required for most of the subsequent steps in the registration process.

Step 2: Apply for the name of the company

The next step is to apply for the name of the company. You need to choose a unique name for your company that is not similar to any existing company in India. You can apply for the name of your company through the Ministry of Corporate Affairs (MCA) portal. Once the name is approved, it will be valid for 20 days.

Kros-chek tip: Kros-chek advises that you choose a name that is easy to remember and represents the nature of your business.

Step 3: Draft the Memorandum of Association (MOA) and Articles of Association (AOA)

The MOA and AOA are the charter documents of the company, which define the objectives, powers, and structure of the company. You need to draft the MOA and AOA in accordance with the Companies Act, 2013.

Kros-chek tip: Kros-chek recommends that you seek the advice of a professional to draft the MOA and AOA to ensure that they are legally compliant.

Step 4: File the incorporation documents

After obtaining DSC and DIN, applying for the name of the company, and drafting the MOA and AOA, the next step is to file the incorporation documents with the Registrar of Companies (ROC). The documents include the MOA, AOA, Form SPICe (Simplified Proforma for Incorporating Company Electronically), and Form DIR-3 (Application for DIN).

Kros-chek tip: Kros-chek suggests that you engage the services of a professional consultancy firm, such as Kros-chek, to file the incorporation documents and ensure that all the documents are in order.

Step 5: Obtain the Certificate of Incorporation (COI)

Once the incorporation documents are filed and approved by the ROC, the COI will be issued. The COI is a legal document that certifies the existence of the company and contains the name, registration number, and date of incorporation of the company.

Kros-chek tip: Kros-chek recommends that you obtain the COI at the earliest as it is required for opening a bank account and other registrations.

Apart from the above steps, there are other compliances that need to be followed after the registration of the company. These include obtaining a Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), Goods and Services Tax (GST) registration, and compliance with the Companies Act, 2013.

More information:
https://www.kros-chek.com/
365 Shared Space, 2nd Floor,#153, Sector 5, 1st Block
Koramangala, HSR Layout,
Bengaluru,Karnataka 560102
Call:+91 9880706841

Kros-Chek provides the best-chartered accountant services in HSR Layout Bangalore, including Company Registration, Tax Return, GST Registration, accounting, startup registration, legal help, Company Consultant Services, and more