Company registration procedures in Bangalore
Bangalore city is the most popular place in South India for an effective startup business so far evaluated. There are people from various locations have started either a company separate in the city or one branch of the existing is started. Many of the information technology oriented companies have their scope of market in Bangalore to be named as the IT hub. Every startup companies have their plan for the safe and secured business transactions. Once a company is established in the city then the requirement of the business services for the future will be there.
People may be aware about the type of business they are ongoing to process, but at the same time the knowledge of the company registration procedures will have less knowledge. Based on the business requirements and the nature of activities involved the legal form for the business can be selected. As you know different types of business is existing in India to get register in any particular legal form as per the rules and regulations. Ultimate requirements to for a company is the documents, personnel part, finance part etc.
By approaching a suitable Company registration consultants in Bangalore will give you guidance towards the registration procedures. Some people may not have the ideas to implement their business activities in the right path. So those people will get assistance for the business services from consultants like Corproots in Bangalore. We are one of the leading consultant company focusing to the market of business registration exclusively in the city for our valuable investors.
Basically the private limited companies are the more likely legal form preferred and suggested for many business people in India. In this discussion we will see about the private limited company registration.
Private limited company registration in Bangalore
In India private limited company registration is the suggested legal form for the business people. Company registration procedures in India is common all over and the advantages of the private limited company is discussed as follows:
Limited Liability
Limited liability means the less exposure to financial activities by the investors of a company. The shareholders in the company have their liability is limited to the capital amount invested in the company.
Business Continuity
In this legal form of business the existence of the shareholders cannot be trusted throughout, there is chances of variations like some may leave of add in the business. The internal changes of the shareholders in the company should never affect the shares. Shares are transferred according to the changes made in the internal functioning except the cases of death reasons. Simple example that a company is running with the availability of the shareholders in the services. If there happens any change in the shareholder existence in the business then another person to the company should do the share transfer.
In a Private limited company the business continuity remains the same without any obstacles is one of the added advantage in such legal form.
Fund Raising
Private limited companies as said having limited liabilities because of raising the funds only be the lending resources than using the own assets for the services offered by them. Many finance sources are used by this kind of legal form like banks or any private equity funds. This way of utilizing the finance resources is risk in the case of partnership form of organizations. So that Fund raising is considered as one of the prime advantage of the businesses.
Transfer and Exits
If suppose a case of company selling is there then the private limited companies are allowed to sell easily when compared to the partnership firms. There is no more problems arise when the company is sold out in the ownership.
Salaries to directors
There is no maximum limit on the salary being paid to directors; whereas there is a ceiling limit on the salary paid to partners of a partnership firm as per Income Tax Act, 1961.
