How to Register an IT Company in Bangalore, India
Posted on: 2017-08-15 22:35:50
You can form a private limited IT company in Bangalore rather easily. All you need is two members. You can have more than this number but it should never exceed 200 members. It is also important that your company has at least a couple of directors and 15 at the most. In most cases there are three kinds of programmes that service providers in this domain have for such clients. The basic plans normally offer the following facilities:
- Digital signatures
- MOA (memorandum of association) and AOA (articles of association) drafting
- Director identification number (DIN)
- Certificate of incorporation
- Name reservation
- TAN (tax deduction and collection account number) and PAN (permanent account number) for your company
How to form a limited liability partnership (LLP) in Bangalore?
If you wish to form your IT company in Bangalore as an LLP you need at least two designated partners. In these cases however there is no upper limit on the number of partners that may be there. Here too the service providers offer three levels of services – basic, standard, and professional. The basic plans normally offer the following services:
- Digital signatures
- MOA and AOA drafting
- DIN
- Certificate of incorporation
- Name reservation
- TAN and PAN for your company
The standard plans give you all the facilities of the basic plans alongwith professional tax enrollment, and commercial and shop establishment. In the standard plans you have facilities such as Registrar of Companies (ROC) yearly filing for the first year alongwith all the facilities of the basic plans.
How to form a one person company in Bangalore?
You can form your IT company in Bangalore as a one person company too. It is a lot like a private limited company but you can operate it just by yourself. After operating it as such for a couple of years you can change it to a private limited company. This can also be done if your company’s annual turnover exceeds INR 2 crore. Here too the services are divided into three categories – basic, standard, and professional. The basic plans offer the following services:
- Digital signatures
- MOA and AOA drafting
- DIN
- Certificate of incorporation
- Name reservation
- TAN and PAN for your company
How to form a partnership firm in Bangalore?
You can always form your IT company as a partnership firm in Bangalore. In fact, such a company can be formed by one or more people. A partnership firm can be created when all the interested parties sign on the partnership deed. At the basic level these service providers would provide services such as partnership deed, stamp duty, registration certificate, and PAN and TAN for an LLP. In the standard plans you would get services such as shops and commercial establishment, professional tax enrollment, and all the services provided in the basic plans.
How to form a foreign subsidiary in Bangalore?
If your IT company in Bangalore is actually a subsidiary of an international enterprise then you would need at least a couple of directors as well as shareholders. The same also applies to foreign nationals who wish to set up such a company in the city. However, at least one of your directors should be a resident of India. Both the shareholders can be non resident Indians (NRIs) or foreign nationals. In the basic plans for such work you get the following services:
- Digital signatures
- MOA and AOA drafting
- DIN
- Certificate of incorporation
- Name reservation
- TAN and PAN for your company
The standard plans for such incorporations include all the facilities of the basic plans and more such as the following:
- Share certificates
- Minutes of first board meeting
- Statutory register
- Service tax
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Guideline for Company Registration in Bangalore
Why are most of Entrepreneurs Opting for Private Limited Company?
Advantages of Registering a Private Limited Company in India
What are the Steps to Setup a New Startup Company in Bangalore?
