Business registration in Bangalore
Bangalore city became the smart location for an effective business setup compared to other cities in South India. Market strategy following in Bangalore made a drastic change over the coverage of customers from very longer time period. So for a business person he/she will have their focus on the market to cover up as much of customers in the locality as well as globally. Online and offline based business lead to the growth of every product or service focused business. So business startup have to follow many criteria that should not affect the company’s activities for the present and future time. Simply based on the number of people involved in the company and also the structure of the business entity can be registered under the government rules and regulations.
A company can be registered legally as private limited, public limited, LLP Company, OPC Company and so on. Among the available legal forms the most suggested and common type is the private limited company registration. It is simple to implement such a business organization under the company’s act of 2013. The rules for such registration vary for the countries sometimes name of the legal form also vary.
Is company registration applicable for foreign nationals in India?
In India the business registration process can be followed by Indian national’s also foreign nationals. The custom rules for foreign people to start a business in India have slight variation in the document submission. It can be clear with the main reference document PAN Card for Indian people and Passport for foreign people. Indian people have produce their major documents for the company registration with PAN Card proof as the main document in which the rest of the proofs should be exact comparable to the PAN Card details. So similar criteria is being followed for the foreign people for their business registration in India. Ultimately the language used in the completed documents by the foreign people should by translated in English which is universally preferred. An official translator should be there for the translation purpose for the legal authorization before submitting the documents for the registration process. Regional languages is strictly prohibited so only the need of translator became crucial for the foreign people.
Documents required for the Indian and foreign nationals to setup business in India
Indian People
- PAN CARD
- Address Proof of partners
- Electricity bill
- Telephone bill
- Aadhar Card
- Voter ID
- Resident Proof
- Electricity bill
- Telephone bill
- Aadhar card
Both Address proof and the Resident proof is required for the verification and validation of partners whether they are currently available on the provided address. Also the Name of the Partners in the proofs submitted should be exactly the one and any fraudulence is noticed will be severely punished.
The company should have the Memorandum of Association and also the Articles of Association which contains the information about the company norms that is following as well as the people involved in the company should follow. So the partners or directors of the company have their duties and responsibilities in the name of company is mentioned. It is necessary to submit these documents in the time of registration process by the company people.
Foreign nationals
People from various locations wish to start their company’s in India in order to cover their market. So those people can start business in India by obeying the rules and regulations based on the company’s act. Private limited company registration process for foreign people in India have to produce their documents as follows:
- Passport
- Address Proof
- Bank statements
- Electricity bill
- Resident proof
- Electricity proof
- Bank statements
Required members in Private limited company registration
The numbers of members in the private limited company should be minimum of 2 maximum of 50. Directors or partners in the company has to follow the regulations of the company that is specified in the MOA and AOA of the organization
