One step solutions for all your business
Private Limited Registration
Complete guide to registering your private limited company in Bangalore with expert assistance.
Company Registration Services
Expert guidance for private limited company registration in Bangalore with complete support throughout the process.
Incorporation Assistance
We help you navigate the complexities of incorporating a private limited company in Bangalore efficiently.
Limited Liability Setup
Establish a business structure that limits personal liability while ensuring compliance with local regulations.
Our team provides tailored solutions for your private limited company registration needs in Bangalore.
Expert Consultation
Your Guide to Company Registration
Phoenix Tax Consultant specializes in private limited company registration in Bangalore, offering expert guidance through every step of the incorporation process for aspiring business owners.
150+
15
Trusted by Entrepreneurs
Expert Advisors
Guide to Private Limited Company Registration in Bangalore
A private limited company is a privately held business entity managed by private partners. It operates under a limited liability structure, where an investor's obligations extend only to the number of shares they hold. This type of business entity limits ownership liability, restricts the number of shareholders to 200, and prevents investors from publicly trading shares. To register a private limited company, a minimum of two shareholders and two directors are required. In this article, Phoenix Tax Consultant in Bangalore discusses the complete process of registering a Private Limited Company in Bangalore, covering each step and compliance requirement.
Attributes of a Private Limited Company
Membership: At least two shareholders are required to start a private limited company, with a maximum limit of 200 shareholders as per the Companies Act, 2013.
Limited Liability: The liability of each member or shareholder is limited. In case of financial losses, members are not required to sell their personal assets to cover business debts.
Separate Legal Entity: The company has its own identity separate from its shareholders, ensuring that the assets and liabilities of the business remain distinct from those of its owners.
Perpetual Succession: The company continues to exist despite changes in ownership due to death, insolvency, or bankruptcy of any shareholder or director.
Risk Sharing: Losses are collectively borne by all shareholders in proportion to their shares, minimizing individual financial risks.
Documents Required for Private Limited Company Registration in Bangalore
To streamline the registration process, Phoenix Tax Consultant in Bangalore requires the following documents from directors:
Copy of PAN card and passport
Passport-size photograph
Aadhaar Card or Voter ID
Rent agreement (if the business is operating in a rented property)
Electricity/water bill or bank statement as proof of business location
Property papers (if the business operates from an owned property)
Landlord's NOC (format will be provided)
Registration Process for a Private Limited Company
Step 1: Obtain a Digital Signature Certificate (DSC)
A digital signature is required for filing online registration forms. It must be obtained from a government-certified agency and is necessary for all subscribers and witnesses in the memorandum.
Step 2: Apply for Director Identification Number (DIN)
DIN is a unique identification number assigned to individuals wanting to be directors. A maximum of three directors can apply for DIN under the SPICe form.
Step 3: Name Approval
Applicants submit a request for name approval with the Registrar of Companies (ROC) by providing six potential company names. If all names are rejected, they have two opportunities to reapply.
Step 4: Drafting MOA & AOA
Once the company name is approved, the Memorandum of Association (MOA) and Articles of Association (AOA) are drafted by the directors or promoters.
Step 5: Company Incorporation
Directors must register the company under CA, CS, or CWA by submitting digital forms signed by at least one director and a certified professional. Upon approval, the ROC issues a Certificate of Incorporation.
Compliance Requirements for a Private Limited Company
Appointment of Auditor: Within one month of incorporation, an auditor must be appointed under Form ADT-1 for a five-year term.
Statutory Audit: The company’s financial records must be audited by a certified CA annually.
Annual Return Filing: Companies must file their annual return within 60 days of holding the Annual General Meeting (AGM).
Financial Statement Filing: Financial statements, including the balance sheet and profit & loss account, must be filed within 30 days of the AGM using Form AOC-4.
AGM Requirement: Every registered private limited company must hold an AGM within six months of the financial year’s end.
Director’s Report: The report must include all relevant financial and compliance details as per Section 134 of the Companies Act.
Benefits of Private Limited Company Registration in Bangalore
Limited Liability Protection: Only the business investment is at risk, safeguarding personal assets.
Credibility and Business Recognition: Preferred by corporate clients, government agencies, and vendors.
Ease of Fundraising: Structured business operations make attracting investors and loans easier.
Hiring Flexibility: Enables competitive hiring strategies, offering corporate titles and stock options.
Simple Exit Strategy: Lower documentation and costs allow for easy sale or transfer of ownership.
Phoenix Tax Consultant in Bangalore simplifies the private limited company registration process, ensuring hassle-free compliance at an affordable cost. Connect with us to establish your business with professional assistance!
Contact Us for Company Registration
Get in touch for private limited company registration assistance.
Company Registration
Learn how to register a private limited company in Bangalore with our comprehensive guide and expert assistance from Phoenix Tax Consultant.
Services
Bangalore, India, 560001
Hours
9 AM - 5 PM
Customer Feedback
Discover expert advice on company registration in Bangalore today.
Phoenix Tax Consultant streamlined our PVT registration, making it hassle-free and efficient.
Rahul Sharma
Bangalore
The team at Phoenix Tax Consultant guided us through every step of the registration process meticulously.
Anita Rao
Bangalore