Entrepreneur’s Roadmap: Guide to Effective Company Registration in Bangalore
There is no point in denying that Bangalore, known as the Silicon Valley of India, is the home to many startups and innovative businesses. If you are thinking of starting a business in Bangalore, choosing company registration in Bangalore would be the wisest step.
Benefits of Company Registration
When you would need to register pvt ltd company and avail of certain benefits as follows:
Legal entity: An authorized and registered company is a separate entity distinct from its owners, enabling it to enter into contracts and be sued in its name.
Limited liability: This means the company owners have the freedom to enjoy limited liability protection, which means their assets aren’t at risk in case of the company’s legal issues, etc.
Short approaches to company registration
Digital Signature Certificates (DSCs): Acquire DSCs for the proposed directors from a certified authority. DSCs are necessary for the electronic submission of registration documents.
Apply for Director Identification Numbers (DINs): To start, obtain unique DINs for each director by easily submitting the required documents and an online application on the MCA website.
Prepare Company Registration Documents: This involves taking the time to draft the Memorandum of Association (MoA) and Articles of Association (AoA), which highlight your company’s objectives. Next comes all about sending your online application for company registration through the MCA’s SPICe+ (Simplified Proforma for Company Registration) platform.
Get your Certificate of Incorporation: Once your application has been successfully verified and processed, the Registrar of Companies (RoC) will be happy to issue your Certificate of Incorporation! After that, you can move on to the exciting part of opening a bank account. With your Certificate of Incorporation in hand, you're all set to open a current bank account in your company's name.
Final Thoughts
Finally, depending on your business nature, make sure to obtain any additional licenses and registrations, such as Professional Tax (PT) registration, to stay compliant. Thus, the above-mentioned steps gave you a short know-how on why to opt for a pvt limited company registration. Make sure to count on a reliable and authorized company to get more details on company registration, etc.
Comments
Post a Comment